With very few exceptions, gambling is illegal in Vietnam. There are several land-based casinos around the country, but residents are not admitted to these. A state-run lottery provides a limited number of services to Vietnamese gamblers, and following the recent introduction of amendments to the country’s gambling laws, customers are now able to place bets legally on a small number of international matches.
They are allowed to wager no more than $44 per match.
On the other hand, black market gambling operations have been thriving in Vietnam as well as the rest of the Asia-Pacific region. According to recent data, Asia is home to the world’s largest illegal gambling market. Illegal operations on the continent are believed to be representing around 80% of the global black betting market, which is estimated to be worth $500 billion in terms of wagers placed.
Vietnam’s police busted Friday an online gambling ring that had reportedly netted around $26 million in wagers from Vietnamese customer, four people were arrested in Ho Chi Minh City after police conducted organized raids. The detained individuals could be sentenced to up to 10 years in prison. READ SO: VIETNAMESE CASINOS, GROUND UP IN DESPITE OF REGULATIONS
The detained individuals were involved in the operation of the 12bet online gambling portal. The website was found to have been owned by a foreign company and to have been hosted in the Philippines
