malaysia

According to an announcement released on Friday, 30 July, the Securities Commission (SC) Malaysia has served a public reprimand against Binance, calling for the exchange and all of its entities to cease operations in the country.

While others around them continued to flounder, it was left to national men’s singles shuttler Lee Zii Jia, woman sailor Nur Shazrin Mohamad Latif, and swimmer Phee Jinq En to save the day for Malaysia on Day Three of the 2020 Tokyo Olympics.

A businesswoman incurred losses amounting to RM117,000 after falling victim to an online gambling syndicate she got acquainted with, via the social media.

The Resorts World Genting casino complex in Malaysia has “temporarily closed” its casino from Monday, May 24 until further notice, because of a so-called movement control order imposed by the country’s government as a Covid-19 countermeasure.

Serba Dinamik Group Bhd is collaborating with key national e-sports stakeholders to jointly develop an e-sports development centre, Selangor Esports City, which is expected to be operational next year.

The betting campaign, which was presented in a music video format literally encourage Muslims in Malaysia to place bets via the website to earn money for Hari Raya celebration next month.

The cuts will be in effect until May, according to the memo. Senior management have voluntarily agreed to waive 20% of their salaries for the same period, it said.

Resorts World Genting (RWG) has taken another step back, announcing they will close entirely between January 22 and February 4. The closure was forced by Malaysia’s Movement Control Order (MCO), restricting intrastate travel in a bid to reduce Covid-19 transmission.

The country’s Resorts World Genting, operated by Genting Malaysia, has seen slight improvements after having been shut down for several months because of COVID-19 and, while the road to recovery is going to be long, the analysts believe that there could be positive movement throughout all of 2021.

Digital currencies will likely play a large role in the future of the gambling industry, and Malaysia, if it will have any role in that, is getting ready.