Revision in Betting and Sweepstake Duties


 

TIDMTNJ 
 
RNS Number : 6253O 
Tanjong PLC 
01 July 2010 
 

 
Tanjong Public Limited Company ("Tanjong" or "Company") 
-     Revision in Betting and Sweepstake Duties ("Betting Duties") 
 
The Board of Tanjong wishes to announce that Pan Malaysian Pools Sdn. Bhd. 
("PMP"), a wholly-owned subsidiary of Tanjong, had on 29 June 2010 been notified 
by the Ministry of Finance in Malaysia of a revision in Betting Duties to 8% 
from 6% previously. The new rate applies to draws held from June 2010 onwards. 
 
Betting Duties are based on gross sales proceeds after deducting Gaming Tax of 
8%. Therefore the effective rate of Betting Duties will be 7.36% from 5.52% 
previously. 
 
This revision is not expected to have a material impact on the results of the 
Tanjong Group. 
 
This announcement is dated 1 July 2010. 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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