It was swirling around like wildfire!
The powers to be let the sports betting licence controversy to bubble and spillover from their official pronouncements and awaited to ensnare the uninitiated and gullible green-horns. From both sides, they were firing from the broadsides.
Did Vincent Tan carried on the charade knowingly or was it the government that backpedaled again to the detriment of the speculative stock market that bought into Berjaya Corp and the consternation of a nation?
When all is said and argued, now the government tells the world with a cheeky grin they have yet to issue the licence and the conditions for its issue has not even being stipulated. This is on hindsight after so much discussions and protests from the Opposition parties and the ultra ulamaks bent against gambling.
Issuing the licence is going to erode the electoral vote bank of the BN. Are they willing to take on the bet?
Funny thing is that the government now want to hear what the Malaysian public has to say before considering the licence and its conditions.
Again, it is bluffing and disinformation. The innocent and the gullible has to pay the price of procuring Berjaya Corp shares that is supposed to buy 70% of Ascot Sports. This is going to amount to nothing and as a consequence, a thinner wallet.
Also Vincent's RM525 million may just about dissipated into thin air to the chagrin of all!
Wasn't it a good exercise in irrelevance while it last?
June 07, 2010
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