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Gambling syndicates exploit vacuum during MCO
PETALING JAYA: Using the Internet and technology, gambling syndicates offering 4D draws are estimated to have made more than RM250mil when the first phase of the movement control order (MCO) was introduced in mid-March.
Illegal 4D betting a growing menace
PETALING JAYA: Illegal 4D betting syndicates have taken a big chunk of the legitimate Number Forecast Operators’ (NFO) business away and caused the government to lose some RM3bil in tax revenue annually.
How the betting game came about
PETALING JAYA: The 4D lottery operated by number forecast oper-ators (NFOs) officially emerged in the late ‘60s when the government issued licences to two companies for weekly draws.
Syndicates openly compete with legal NFOs
PETALING JAYA: Undeterred by the action and laws against illegal gambling, syndicates in this trade are bold enough to openly set up their “stores” next to legitimate number forecast operators (NFOs) to lure punters.
