malaysia

PAYMENT METHODS AND ONLINE CASINOS IN MALAYSIA

Top Casinos and Best Banking Options for Malaysian Players

Casino Banking Methods keeps you updated on all markets where online gambling has a substantial presence. One of those countries is Malaysia, which has a long and storied history with gambling. Unsurprisingly, this translated into online casinos being incredibly popular.

We scoured the web on the hunt for the best online casino Malaysia. Satisfied with our search, we highlighted the best websites we found, along with standard banking methods used by Malaysian players.

With limited options for playing at home, Malaysians frequently turn to online casinos. Video slots, live casino releases, horse racing, sports betting, and poker have a loyal following. The gambling sites we recommend offer all these games and support widespread local payment options.

Malaysia has a diverse population, and not everyone enjoys online gambling. However, its continued growth in the country proves an increasing appetite for the hobby. As more Malaysians seek entertainment online, finding trustworthy websites is more important than ever. CBM does its part to highlight the best casinos and local payment methods for casino members to use.

Best Malaysian Online Casinos

Here, the CBM team highlights the best online casinos for Malaysian players. Our focus was to draw attention to websites that excel at creating a gaming environment you want to return to. Websites we recommend have valid licenses and certifications, well-known and beloved games by respected developers, and reliable and fast payment methods. Scroll below to find all the excellent websites waiting for you.

  • 7300+ casino games
  • Dozens of special game categories
  • Sportsbook and live betting option
Apple Pay logo
AstroPay logo
Bank Transfer logo
Binance banking method logo

18+ | New Customers Only |

T&C Apply
  • PayID for AU players
  • Weekly promos & VIP perks
  • Fast payment processing
Apple Pay logo
AstroPay logo
Bank Transfer logo
Bitcoin Logo

18+ | New Customers Only |

T&C Apply
  • Crypto payment methods available
  • Exclusive welcome bonus
  • 8300+ games in dozens of categories
Apple Pay logo
AstroPay logo
Bancontact Payment Method
Binance banking method logo
Bitcoin Logo

18+ | New Customers Only |

T&C Apply
  • Sports-betting section
  • Mobile casino app
  • Huge VIP program
Alandsbanken
American Express logo
Apple Pay logo
AstroPay logo

18+ | New Customers Only |

T&C Apply
  • 3 types of welcome bonuses
  • Over 8000 casino games
  • Sportsbook with live betting
Alandsbanken
Apple Pay logo
AstroPay logo
Bank Transfer logo

18+ | New Customers Only |

T&C Apply
  • Exclusive jackpot
  • Daily cashback
  • 24/7 Live Chat
Bank Transfer logo
Binance banking method logo
Bitcoin Logo
Bitcoin Cash logo
Blik logo

18+ | New Customers Only |

T&C Apply
  • Sportsbook with live betting
  • VIP program
  • 3-in-1 welcome bonus
Apple Pay logo
AstroPay logo
Bank Transfer logo
Binance banking method logo
Bitcoin Logo

18+ | New Customers Only |

T&C Apply
  • Mobile casino app
  • 4-layared welcome bonus
  • Loyalty program
AstroPay logo
Bank Transfer logo
Bitcoin Logo
Bitcoin Cash logo
CashtoCode logo

18+ | New Customers Only |

T&C Apply
  • Instant VIP and loyalty program
  • 4-in-1 welcome bonus
  • Accepts crypto payments
AstroPay logo
Bank Transfer logo
Bitcoin Logo
Bitcoin Cash logo
CashtoCode logo

18+ | New Customers Only |

T&C Apply
Apple Pay logo
Bank Transfer logo
Binance banking method logo
Bitcoin Logo
Bitcoin Cash logo

18+ | New Customers Only |

T&C Apply

Top Casino Banking Methods in Malaysia

Your experience in an online casino depends on what payment methods you use. An excellent payment method has fast deposits and withdrawals, transfers funds securely, and is convenient to use. That is why CBM highlights the most commonly used payment methods in trusted online casinos in Malaysia. Try them out and see which one suits your needs best.

84%
Touch 'o8w6ogoo

Review & Best Casinos

  • Convenient mobile payments
  • Licensed by the central bank
  • No fees
Read Review
84%
DuitNow logo

Review & Best Casinos

  • Instant bank transfers
  • Bank-grade security
  • Easy-to-use
Read Review
83%
iWallet logo

Review & Best Casinos

  • Great option for Asia
  • Good selection of iWallet casinos
  • Crypto friendly
Read Review
82%
Help2Pay logo

Review & Best Casinos

  • Fast direct bank transfers
  • No fees
  • You don’t need an account
Read Review
82%
PayTrust88 logo

Review & Best Casinos

  • Fast transaction speeds
  • Casino deposits & withdrawals
  • No user registration
Read Review
91%
Mastercard logo

Review & Best Casinos

  • A leading payment solution
  • Maximum security
  • Fast & easy casino transactions
Read Review
90%
Banking Methods Payz

Review & Best Casinos

  • Fast casino payments
  • Available around the globe
  • Designed with iGaming focus
Read Review
89%
MuchBetter logo

Review & Best Casinos

  • Available around the globe
  • Designed with iGaming focus
  • Fast deposits & withdrawals
Read Review
87%
Skrill logo

Review & Best Casinos

  • Instant deposits & withdrawals
  • Safe and reliable e-Wallet
  • Widely accepted at casinos
Read Review
86%
Neteller Logo

Review & Best Casinos

  • Fast casino withdrawals
  • Highly secure option
  • Cryptocurrencies supported
Read Review
86%
Jeton Logo

Review & Best Casinos

  • Fast deposits & withdrawals
  • Low fees
  • 1% Instant Cashback
Read Review
86%
lunu-banking method

Review & Best Casinos

  • No account required
  • App & Widget
  • Anonymous deposits
Read Review

Laws and Regulations on Online Gambling in Malaysia?

Regulation icon

The first appearance of gambling in Malaysia came from Chinese merchants in the 19th century. It whetted the appetite of Malays and introduced a pastime that remains incredibly popular today. However, the country has a mixed legal system and a diverse population, each with a different take on gambling and its status.

Malaysian law allows some forms of betting: lotteries, certain casino games, and horse racing. However, gambling is only legal if the authorities give a license or permit. The issuing body is the Unit Kawalan Perjudian (Betting Control Unit) of the Ministry of Finance. Despite being officially illegal, online gambling has only strengthened over the years. This popularity skyrocketed during the pandemic, as Malaysians found entertainment on international betting sites.

However, things are not as straightforward as they may seem. Recently, Malaysia’s High Court ruled in a case saying online gambling is not illegal in the country. The decision pointed out that the country’s Common Gaming Houses Act and Betting Act were not caught up with the times. The High Court noted it is not their function or duty to fill in the blanks in the law. The decision confirms something most Malaysians already knew personally: online gambling remains a grey area.

Certificate icon

With outdated laws from 1953 and no relevant proposals to amend them, Malaysians can continue enjoying online gambling. Furthermore, recent reports are also hinting the government might change positions and legalise online gambling for non-Muslim citizens. We would welcome such a change, as would many Malaysians who currently enjoy playing casino games on international gambling sites.

The situation as it currently stands leaves much room for improvement for all sides involved. By legalising online gambling, Malaysia could regulate online casinos more effectively and generate tax revenue by removing the grey area. In addition, Malaysian gamblers could benefit from effective institutions that protect them from fake casinos and untrustworthy operators.

Until the situation changes one way or another, online casinos in Malaysia remain legally undefined. Players can continue playing on their favourite websites but should keep an ear out for any changes in legislation. We will update the page to reflect the current situation if things change.

Are You Required to Pay Taxes on Winnings?

Taxes icon

No, your winnings from Malaysian online casinos are not taxable. This is because this form of gambling is neither legal nor illegal in the country. If you’re wondering why, it’s the usual culprit – outdated laws. The current legislation, 1953’s Common Gaming Houses Act (CGHA) and Betting Act don’t explicitly mention it.

In fact, Public Prosecutor v Multi Electrical Supply & Services & 105 Others directly indicates the de-facto legality of online casinos. The High Court ruled in favor of the defendants due to the lack of precision in the two Acts’ language. After this recent ruling, the Court also stated that it’s not their duty to ‘patch up’ loopholes in existing laws.

Another argument in favor of ‘technically’ legal online casinos is the definition of taxable income.

Despite all the talk of legalization or accepting PAGCOR-licensed operators, the online casino market in Malaysia is still unregulated. Therefore, you can keep what you win. However, everyone, especially high-rollers, should keep records of their wins. The authorities might deem larger withdrawals as suspicious. In addition, our experts think the best way to play is by using cryptocurrencies or an established eWallet.

Can Casinos That Accept Malaysian Players Be Trusted?

Handshaking icon

Many online casinos offer support for Malaysian casino members. However, not all of them are equally trustworthy. When looking for a trusted online casino Malaysia, we always confirm if it holds a valid license issued by reliable regulators like the Malta Gaming Authority. Their approval goes a long way in ensuring that a Malaysian online casino is worth your while.

Other respected and noteworthy jurisdictions are Gibraltar, Isle of Man, Kahnawake, and Curacao. We also look for oversight of organisations like eCOGRA, which do third-party certifications that confirm casino games are safe and fair.

Fair gaming icon

All these steps are taken to ensure the operator is not taking advantage of players. Regulators and certification procedures force casinos to be transparent, follow the rules, and offer fair games. The best Malaysian online casinos list all seals of approval and license numbers on the homepage. When reviewing online casinos, we always check these details to ensure we give the most up-to-date information.

Best Casino Bonuses for Malaysian Players

With a lot of competition, online casinos always look to one-up each other in any way possible. Casinos accepting Malaysian players are no different, featuring a variety of exciting promotions to draw you in. International casinos extend offers to Malaysian customers with terms defined by their bonus policies. With some online casinos, you will be swimming in promotions. Meanwhile, other websites opt for fewer bonus deals with better rewards.

Regardless of how the casino Malaysia handles promotions, you should pay attention to its bonus terms. They detail all the rules you need to follow, so study them before accepting any offers. The CBM team works hard to find transparent offers without hidden terms that can trick you.

Codere

Deposit

Not needed

45x (D+B)

Ongoing

$200 MXN

No maximum

49%

Spinamba

Deposit

Not needed

40x

Ongoing

AU$25

No maximum

71%

Slottica

Deposit

Not needed

45x

Ongoing

AU$25

No maximum

66%

Bitdreams

Welcome Package

WELCOME1

50x (B + FS Wins)

Ongoing

30€/AU$

81%

Playfina

Reload

Welcome Package

First

40x (B)

Ongoing

$/€20

No maximum

70%

GreatWin

Cashback

Free Spins

Live Casino

Reload

Welcome Package

35x (D+B)

Ongoing

€20/30AU$

No

72%

Casinoly

Cashback

Free Spins

Live Casino

Reload

Welcome Package

35x (D+B)

Ongoing

€20/A$30

No

72%

Buran

Free Spins

Welcome Package

35x (D+B)

Ongoing

€20

No

70%

Local Payment Methods to Consider

Malaysia banking icons

Playing in an online casino is much better if you do not have to jump through hoops. That is why Casino Banking Methods specialises in finding the best local payment methods for Malaysian players. We work hard to ensure the recommended options are easy to find in Malaysia and are used frequently.

Local payment methods will naturally support local currencies. You can deposit in MYR without dealing with the hassle of currency conversion. It is also a more convenient option because it is already familiar to players. The odds are high that you already have one of these accounts, meaning you do not have to register a new one. You will undoubtedly find something that suits you between Help2Pay, DuitNow, MCash and Touch ‘n Go.

Help2Pay is a comprehensive payment gateway supporting transactions in southeastern Asia, including Malaysia. Duitnow, MCash and Touch ‘n Go are e-wallets that allow you to send and receive funds easily. All options are widely used in Malaysia and highly rated by their users. Almost every Malaysia-facing online casino we played in had at least one of these banking methods.

Depositing with MYR Currency

Malaysian ringgit symbol

Currency conversion comes with a fair amount of fees and extra costs. Wasting your hard-earned money on conversion fees is the last thing you want. Because of that, we always try and recommend casinos that support your local currency. Fortunately, many online casinos accept Malaysian players and MYR.

Malaysian casino members can also use cryptocurrencies like Bitcoin (BTC). However, they will have to deal with conversion costs in this case. While some online casinos support Bitcoin deposits and withdrawals, they do not allow placing crypto bets.

Top Land-Based Casinos in Malaysia

Land-Based Casino icon

Even though gambling is illegal in Malaysia, the Gaming Control Unit has made an exception, mainly due to an increase in tourists. Most visitors come from other countries and continents, so they decided to allow one casino resort to be built. Many have criticized this approach, especially more conservative Malaysians, as flip-flopping. Gambling advocates, on the other hand, want to see more venues, citing immense economic benefits. Whatever the case may be, let’s take a look at the only land-based casino in Malaysia:

Casino de Genting

Since the Sharia Law forbids Muslims from gambling, only non-Muslim Malaysians and foreigners over the age of 21 can enter. The venue itself is about 50 miles away from Kuala Lumpur and is open 24/7. There are over 3,000 slots in the gaming area, both 3D video slots and Vegas-style ones. As for other games, our team loves the fact that there are both Western and Asian table games.

For instance, there’s baccarat with and without commission, as well as Tai Sai and pontoon. Interestingly, you can also play the Zodiac Wheel, which works similarly to the Dream Catcher live casino game. Progressive Texas Hold’em, European roulette and blackjack are also quite nice. However, our top picks would have to be Genting Stud Poker and Three Pictures. For the exact rules and specifics, visit the venue’s website.

Most Famous Gamblers

Gambler icon
  1. If there’s something Malaysia is known for, it’s poker players. There are plenty of legendary figures, but few can eclipse Paul Phua. He only started playing poker in his 40s while working as a VIP junket operator. Some of his most impressive wins include the notable debut at the 2012 WSOP $1 million Big One event and the amazing victory at the Aspers 100k High Roller tournament just a few months later. He took home $1.6 million from this London Escapade. However, everyone agrees that his 2022 WSOP Europe first place is a classic, despite the event taking place just a few months ago. With over $25 million in career earnings and the title of Triton Poker founder, Paul is well-respected in the entire gambling industry.
  2. Seng Yee Leow is another Malaysian legend and a member of the $10 million career earnings clubs. He started playing high-stakes games in 2015, putting his hat into the ring at multiple tournaments in Macau. Afterward, he moved on to events organized by Partypoker, Merit Poker, as well as Paul Phua’s Triton Poker. Even today, Seng is a regular at high-stakes events around the world and is a well-known figure amongst Malaysian and international poker aficionados.
  3. Another name you should know is Richard Yong. This Malaysian veteran has been a regular at high-stakes poker games since 2012. Most of his best results come from No Limit Hold’em events by Triton Poker, but he also likes to stop by European Poker Tour tournaments. With $15 million in career earnings and a constant place in the GPI Malaysian top 10, it’s safe to say that we can’t wait for the next season. Who knows what this legend can accomplish this time?

Fun Facts

  • The modern concept of gambling was brought to Malaysia by Chinese merchants in the 19th century.

  • Malaysia has only one legal land-based casino. It was constructed in the 1970s and designed in a Las Vegas style. It is open 24 hours a day, but access is forbidden to Muslims and people under 21. It has over 400 electronic table games, 3,000 slot machines, and 30 tables with roulette, blackjack, boule, and tai sai.

  • The country has six legal privately-owned lotteries and several illegal lotteries. In 2018, one Malaysian illegal lottery generated 60% more revenue than all six legal operators combined.

  • Malaysia has a unique dual justice system, with Syariah and secular laws. Syariah laws exclusively apply to the nation’s Muslim population, which is more than half of its citizens.

  • The country has produced several well-known poker players: Paul Phua, Richard Young, and Wai Leong Chan. That is despite poker being in a legal grey area in Malaysia.

  • Horse racing was introduced in the country during the 1800s by the British. Betting on horses is legal in Malaysia, which has three racecourses. All three racecourses are privately owned.

FAQ

An MYR online casino accepts deposits, wagering, and withdrawals in the Malaysian ringgit.

Malaysian government maintains the position that online casino gambling is illegal. However, a recent High Court ruling confirmed the nation’s current laws do not outlaw online gambling. Therefore, it remains a legal grey area until Malaysia decides to update its law to legalise or ban online gambling.

Not all Malaysian banking options support depositing to online casinos. However, at the time of writing this article, all CBM-recommended payment methods allow you to fund your casino account.

Online gambling activity is not subject to taxes in Malaysia. Malaysian law also states that anything you get through luck, inheritance, or chance is not taxable.

Picking the best online casino in Malaysia is impossible. Players have different values and preferences, reflecting how they see an online casino. Our team provides unbiased reviews and lays out all the facts. We recommend looking at our reviews and ratings to decide what suits your taste best.

Bart Crebolder

Bart Crebolder

Lead Content Manager

Having dedicated nearly a decade of his career to the iGaming industry, Bart Crebolder stands as a valuable member of the CasinoBankingMethods.com team. His journey in the industry has been marked by his pursuit of the latest trends, making him a relevant source for information about online casinos and payment methods. He is an invaluable asset to the team because of his passion for the iGaming world, contributing with his standing as a trusted authority in the online casino industry. Bart's content consists of comprehensive analyses, reflecting his deep understanding of the casino industry and he is setting standards for informed, reliable, and engaging content in online gaming.

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