01-03-2023, 02:46 PM
“Gaming outlet closure might drive investors away,” warn analysts
![[Image: Gaming-outlet-The-Sun-Daily.jpg]](https://focusmalaysia.my/wp-content/uploads/Gaming-outlet-The-Sun-Daily.jpg)
THE Kedah government’s decision to enforce a ban on gaming and lottery ticket outlets in the state will drive investors away and encourage punters to turn to illegal online betting activities, warned economists.
According to Universiti Kuala Lumpur Business School economic analyst Associate Professor Dr Aimi Zulhazmi Abdul Rashid, it could impact the state government’s coffers despite the fact that tax contributions from gaming and lottery ticket operators might not be significant.
“Closing down these outlets may drive away investors, who are not in favour of the move enforced by the Kedah government,” he was reported as saying by New Straits Times.
“They might look into placing their investments in neighbouring states that still allow gaming and lottery ticket outlets to operate.”
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According to Universiti Kuala Lumpur Business School economic analyst Associate Professor Dr Aimi Zulhazmi Abdul Rashid, it could impact the state government’s coffers despite the fact that tax contributions from gaming and lottery ticket operators might not be significant.
“Closing down these outlets may drive away investors, who are not in favour of the move enforced by the Kedah government,” he was reported as saying by New Straits Times.
“They might look into placing their investments in neighbouring states that still allow gaming and lottery ticket outlets to operate.”
- More -