Betting in Malaysia was introduced by Chinese merchants in the early 19th century. It quickly became a favorite pastime among residents. The first legal casino was launched as an initiative of the Genting Group, which was founded in 1969 by Tan Sri Lim Goh Tong. He requested the then prime minister, Tunku Abdul Rahman, to license the casino, and it was agreed in 1971. After a few years, the operator opened branches in big resorts and hotel complexes. In 2004, Casino de Genting extended its services to the First World Hotel.
Horse racing became popular during the colonial era, while the country was under British rule in the 1800s. Horse race betting has been legal since then, and there are three privately-owned racecourses in Malaysia. The Racing Act 1961 is the rule governing horse race betting in Malaysia. While it is technically illegal, online sports betting is increasingly popular. Malaysians love betting on the English Premier League and badminton. Thanks to the advent of technology, millions of betting opportunities have become a reality. The best eSports betting sites in Malaysia are owned and operated abroad. The sites accept Malaysians, allowing them to deposit and withdraw with Malaysian Ringgit (MYR/RM).
Esports nowadays in Malaysia
Foreign eSports betting sites attract a significant number of Malaysians. Asian operators are more suitable because they support MYR deposits. Other favorite options are European bookies. When it comes to eSports tournaments, Malaysia is slowly turning into a significant eSports hub in southeastern Asia. The eSport scene is thriving in the region, with Malaysia and Vietnam being on the frontline. Moreover, Malaysian players are becoming more interested in League of Legends, Fortnite, and PUBG Mobile.
One of the remarkable Dota 2 events that received substantial viewership in the country was the 2018 Kuala Lumpur Major. The eGG Network hosted the event for more than three days at Stadium Axiata Arena, where fans would stay for 12 hours and more every day. The success of the event confirmed to the local authorities that eSports should be taken seriously. Towards the end of 2021, the global eSports audience stood at 550 million, 70% of which come from East and Southeast Asia. This was a hint for the Malaysian government on the potential tax revenue they could receive if they embraced eSports betting.