BCorp explains on sports betting... Berjaya Corp held an analyst briefing to explain in more detail the circumstances surrounding the abortion of the sports betting deal. Tan Sri Dato’ Seri Vincent Tan Chee Yioun (TSVT), who chaired the meeting, continued to stress that the Government had backtracked on its decision to issue the licence despite having granted its approval for the reissuance. This appeared to be backed up by a letter issued by the Ministry of Finance dated 13 Jan 2010. Besides this letter, the original letter from the MOF dated 5 June 1990 which stated that Ascot Sports would have the first right of refusal should the Government change its mind about legalising sports betting in the country again was also sighted.
Berjaya Sports Toto Bhd : Of Sports Betting And More - 29/6/2010
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