Berjaya Corp aborts sports betting deal. In a press statement, Berjaya Corp has aborted its plan to acquire a 70% equity stake in Ascot Sports S/B (Ascot) for RM525m from Tan Sri Dato’ Seri Vincent Tan Chee Yioun (TSVT). In the statement, BCorp. stressed that the Government had backtracked on its decision to issue the licence despite having granted its approval for the reissuance. This statement comes after confirmation from the Government that it will not issue any sports betting licence to Ascot Sports.
Berjaya Sports Toto Berhad : BCorp Aborts Sports Betting Deal - 28/06/2010
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