It is good that the issue of sport-gambling license was put to rest by the PM as the government has decided not to issue the controversial gambling license to Ascot. Many have argued that what is the fuss of having the football gambling while we already have the 4-digit, lotto and also big sweep? More so we have a big casino in Genting?
The anti-gambling moves either by NGOs or certain politicians should be lauded. Although the illegal betting is said to worth up to RM 20 billion a year and the government stands to reap in lucrative taxes if it legalized sport gambling, its negative effects particularly on the low income group is simply outweighing any beneficial effects.
Gambling is no good, be it legal or otherwise and we can’t deny that there are people simply ruin their life because of gambling. Gambling would not kill, it is greed that would land a gambler into trouble. I must admit that I’m a frequent 4-D buyer, but never in my lifetime have I borrowed money for gambling. Similarly, I buy stocks for investment purposes only with my hard earned money, never would I borrow money to invest in share market.
But again, when sport-betting is legalized, we may attract more youngsters who are the main supporters of football games such as those of Premier League or other European football leagues into gambling. By legalizing sport-betting, it’s no different like we are encouraging our children into gambling.
When it is illegal, probably some will be hesitating but when it is legal, well, it is just like all hell broke loose.
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