It is not a secret that online gambling has grown in popularity and established top online casinos worldwide. The pandemic of early 2020 and the widespread adoption of high-speed internet have influenced the shifting uses of leisure time.
The Malaysian relationship with gambling is complicated because it’s a Muslim country. Although there are strict laws that ban or severely regulate gambling and betting in Malaysia, the perception of gambling in Malaysia has begun to change.
This article will explain the legal framework for gambling regulation in Malaysia and the recent changes. Next, we’ll review the best online casinos in Malaysia and discuss the future of Malaysian gambling.
What are the 8 best online casinos in Malaysia?
- GG.bet
- 22Bet
- Explosino
- Bitstarz
- Vulkan Vegas
- 1xslot
- 888Casino
- ArgoCasino
Malaysia’s gambling law
Researchers believe gambling was introduced to Malaysia by Chinese merchants sometime in the 19th Century. Gambling grew in popularity, and legal and illegal gambling became popular entertainment.
In the past, gambling online and all forms of gambling were illegal. Gambling was only allowed if it was conducted under a license or permit. The Unit Kawalan Perjudian (or Betting Control Unit) of the Ministry of Finance regulated and enforced these licenses.
There are a variety of statutes and licensing schemes that govern gambling in Malaysia. However, three intersecting legal frameworks define the law. These are the Betting Act 1953 (common gaming houses act 1953) and Shariah law (shariah law). The Betting Act of 1953 is the most influential because it bans all forms of unlicensed gambling.
Malaysian online gambling
Online gambling and betting have been growing in popularity all over the globe. Many states, nations, and provinces are reexamining their gambling laws. This global trend is not limited to Malaysia. Many Malaysian politicians have called on the government to reconsider their strict gambling policy for years.
The Malaysian High Court ruled that illegal gambling is not technically illegal. Radzi Abdul Hamid, the High Court Judicial Commissioner, explained to the media that the Malaysian government had failed to follow the law and was inappropriately punishing the wrong people.
Even though the case is complex and technical, the main aspect of the ruling is that online gambling accounts were deemed “virtual storage” facilities rather than private property. The banks can freeze accounts at will and retain some ownership. Although the implications of this ruling are unknown, it is legal in Malaysia to gamble online.
Online casino competition
Online casinos are now a global industry, with thousands competing for gamblers’ attention. It becomes more difficult for potential gamblers to choose an internet casino as the market becomes more competitive.
Here are some of the most important players in the global market and how they compare.
GG.Bet Casino
GG. Bet offers a complete gambling platform that caters to all types of gamblers. While some gamblers prefer to use multiple platforms for sports betting and casino games, most players prefer to keep their games organized under one account.
Gamblers can place money in any way they want with GG. Bet’s complete range of live and casino games. This casino is also known for its large prize pools and regular weekly, monthly, or daily promotions.
22bet Casino
22bet is an established online casino that offers a good selection of games and payment options. It also provides excellent customer service. 22bet was founded in 2007 and is among the most popular online casinos. This shows how fast-paced and young this industry can be.
22bet offers gamblers a complete range of sports betting options. While there are many sports options, the industry is evolving. It is now possible to place bets on Mortal Kombat or esports.
Explosion
This online casino lives up to its name. The explosion is an online casino full of energy, color, and fun. The Explosion graphics are inspired by classic comics and include bold lines, bright colors, and explosive graphics.
The casino’s amazing welcome bonus, which includes 100 free spins and a generous match deposit, has made it a leader in the market. This casino is fun for all players who have registered. It has games like Book of Dead, Rise of Merlin, and Big Bass Bonanza.
Vulkan Vegas
Vulkan Vegas is a popular casino because it offers many slot machines.
It has a large selection of slot machines from many providers, adding to its impressive collection. Some bonuses and promotions can be attributed to other game types and games on the platform.
1xslot
1xslot remains a promising casino in the industry, and it strives to be a global leader. 1xslot has made a few steps recently, such as expanding its games library. This will likely increase its international standing.
You can play various games, including the niche titles Cash Pig, Pinko XL, and The Leprechaun King. Tournaments are held on the platform, which is great for players who like to add some competition to their play.
HTML888 Casino
888 is one of the oldest and most well-known online casinos. It was established in 1997. Mega casinos like 888 benefit from their industry reputation and their larger size. They can host more providers and game types than smaller online casinos.
The sports betting section of 888 Sports allows players to place bets on various outcomes and sports games via 888 Casino.
ArgoCasino
ArgoCasino is another online gambling platform offering all types of table and live casino games in one place, is ArgoCasino. It is fun and different from the Ancient Greek Argonauts’ aesthetic. Players will likely feel like they are also on a quest for their Golden Fleece.
The eSports section is the best feature of this casino. Few casinos offer eSports betting through platforms like Twitch. However, more people are choosing to bet and watch eSports than any other.
Bitstarz Casino
Bitstarz, a new and innovative casino fully crypto-certified, is now open. Because of their increased privacy and security, cryptocurrencies are becoming more popular as payment options at online casinos. As crypto evolves more mainstream, you will likely see more Bitstarz-inspired copycats.
Bitstarz is a truly impressive casino in terms of its technology, user experience, and the games it offers. Bitstarz has been awarded over half a dozen industry awards in the past few years, including Player’s Choice and Best Casino of 2017. Best Support was also won. Bitstarz is now the Best Casino of 2021. Bitstarz’s future looks bright as it continues to place the interests of gamblers first.
Gambling responsibly and safely.
There have been renewed calls to educate the public about how to gamble responsibly and safely after Malaysia legalized online gambling. Gambling awareness charities and NGOs around the globe have created a variety of best practices to help gamblers enjoy the pastime enjoyably and safely.
Setting limits and staying true to them is one of the best ways to practice safe gambling. This includes limiting how much time and money an individual will gamble, whether playing at a casino or online. A money limit should only be set so gamblers can afford to lose. This can be considered entertainment expenses in a monthly budget.
Another best practice is to avoid gambling while feeling negative emotions, not chase losses and not consider gambling a source of income. These are all proven ways to ensure gambling is fun and not problematic.
Malaysia’s future gambling industry
Because of the uncertainty of the recent ruling, it is difficult to predict what Malaysia’s future holds for the gambling industry. The government may close any legal loopholes to make online gambling illegal.
However, online game casino malaysia may be made more common before the legislature has had time to close any loopholes. Online gambling and placing bets have become extremely popular all over the globe. Many sophisticated on-line gambling platforms cater to global audiences, as shown above.
Gambling generates tax revenue in countries that have legalized it. Not surprisingly, gambling regulation has become a new revenue source for lawmakers worldwide following the recent global health crisis and the looming economic downturn. It will be interesting to see how this turns out.
Responsible gambling
We strive to share the best casino bonuses with the world. Your responsibility as a player is to ensure that you use them responsibly and safely.
We ensure that all operators adhere to the standards set by their respective authorities. However, all players are reminded that information about said operators are intended to be used as an informational source and that real-money gambling has inherent risks. Because companies and people outside our control operate these sites, we cannot take responsibility for any losses that may be incurred when you gamble through them.
Sportsbooks and casinos are intended to be entertainment only. Problem gambling is when a player stops having fun with these activities. Gamblers should seek assistance from charities, government agencies, and authorities.