LICENCE TO CURB ILLEGAL BETTING

Salam

First and foremost, I should 'congratulate' the Malaysian government for the success of getting out with a 'tremendous' way of stopping the rampant illegal betting syndicates in our country by giving the illegal, the legal means. Not to forget also the possible huge income that can be generated from this means by taxing the profits of the business entity involved. It was said that the estimated worth of this illegal industry in Malaysia alone reaches 20 billion a year. That must be a significant income to the country.

As been reported in the media, the money that is generated from this tax can be channeled to further improve our sports facilities, trainings and what not, it will also able to control the other illegal activities that are mushrooming through illegal betting such as illegal money lending activities, gangsterism and a lot more. So this can be considered as a 'legendary' success by our government.

The 'rakyat' must be very happy also as the government at last has found a new income generating activity in the country to reduce the burden of the 'rakyat' and to reduce our dependency to the oil industry. I am 'extremely' 'happy' with this development.

Congratulation to the Berjaya group and particularly Tan Sri Vincent Tan for this joyous moment in their business circle. It was mentioned in the paper today that a 70% stake of the Ascot group privately owned by Tan Sri Vincent is worth 525 millions. After 20 years in the wild, they finally come back to Malaysia as a legal entity and obviously can recoup all their investment in no time. 'Fantastic!!'

With such a huge amount of money at stake both for the government and Tan Sri Vincent, no wonder the pledges and flak from the NGOs, political party and 'rakyat' turn on a deaf ear. The stake is too high to ignore and any argument should be throw into the garbage bin. Should we care for the possible negative development from this activity? I don't think so because according to the minister, this problem will be settled with the license that has been given. Very naive statement by a 'naive' minister. We should thank him for his forward thinking and novel way of settling a thousand of years problem/ illness of the people.

So what next? Prostitution anyone? It will definitely will generate millions of money also and let me suggest the possible explanation here: the tax money can be use to take care all the abandon babies in Malaysia.