PETALING JAYA: The illegal lottery business is huge and earns the biggest chunk of the underworld’s revenue, amounting to billions of ringgit annually...
The illegal lottery business is huge and earns the biggest chunk of the underworld’s revenue, amounting to billions of ringgit annually.
While the six collectively report about RM9 billion in annual revenue and are subjected to about 20% in gaming and corporate taxes, the illegal rackets are said to be raking in about RM15 billion a year – tax-free.The lost revenue is enough to build four modern hospitals or about 200 primary schools a year.
This has enabled the syndicates here to reap greater profits as they accept bets for GDL, that is purportedly jointly-owned by Malaysian and Cambodian businessmen. The internet and modern technology is also facilitating Malaysian participation in illegal 4D activities, especially those based in China, Vietnam and other neighbouring countries, he added.