• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Thursday 18 September 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Strict Vietnam sports betting regulations blamed for increase in illegal football betting

Newsdesk by Newsdesk
Mon 12 Jul 2021 at 06:07
46
SHARES
1.1k
VIEWS
Print Friendly, PDF & Email

Vietnam’s stringent sports betting regulations have been blamed for a rise in illegal football betting in recent weeks, coinciding with the EURO 2020 championships in Europe and Copa America in Brazil.

The State Bank of Vietnam released this month a directive for banks and payment firms to avoid creating conditions that might encourage customers to use payment accounts, bank cards and e-wallets for transactions related to gambling, including football betting.

“Online football betting has become extremely simple,” the directive reads. “Players can see the odds and make football betting online on their phones. Never before have we been able to access and play online football betting with bookies so easily like today.”

According to a report by VietnamNet, the growth in illegal football betting – estimated to account for US$10 billion in annual turnover – is in part due to overly stringent regulations which discourage investment into the sector.

Although sports betting was legalized in Vietnam in 2017 under a five-year pilot program, not dissimilar to a three-year pilot allowing locals to gamble in selected casinos, Decree 06 has proved to be overly restrictive by limiting betting to football, horse racing and greyhound racing.

It also requires minimum charter capital of VND1 trillion (US$43.5 million). With football betting restricted to foreign tournaments sanctioned by FIFA – popular leagues such as the English Premier League and Spain’s La Liga are off limits – the decree has failed to attract a single investor willing to test Vietnam’s legal sports betting waters.

The absence of any progress in the sector comes a year after the Ministry of Finance (MOF) touted plans for a new decree that would allow betting on more international football events, although any such update is yet to be forthcoming.

According to local media reports, the Ministry last month suggested an extension until 2024 of the pilot scheme allowing locals to gamble in casinos. The original scheme had proposed to grant three casinos the opportunity to allow locals to gamble although such permission has so far only been granted to one – Corona Resort & Casino in Phu Quoc.

RelatedPosts

Corona shines

Vietnam’s Corona Resort & Casino falls to US$21 million loss in 1H25, wider than previously

Sun 14 Sep 2025 at 18:13
Fantasy sports gaining Japan foothold with basketball the first step

Hong Kong formally passes bill legalizing basketball betting with 50% tax on profit

Thu 11 Sep 2025 at 16:52
Unhitching Online Poker

Australian government reportedly ready to proceed with gambling advertising reform

Thu 11 Sep 2025 at 14:51
1xBet becomes Premium Sponsor of SBC Summit 2025

1xBet becomes Premium Sponsor of SBC Summit 2025

Thu 11 Sep 2025 at 06:52
Load More
Tags: Corona Resort and CasinoEuro 2020Football Bettingsports bettingVietnam
Share18Share3
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Flipping the script

Editorial – Flipping the script

by Ben Blaschke
Thu 28 Aug 2025 at 12:30

This month represents an important milestone for Inside Asian Gaming as we launch IAG EXPO – an expansion of the...

Asia market roundup

Asia market roundup

by Ben Blaschke
Thu 28 Aug 2025 at 12:26

Inside Asian Gaming takes a deep dive into the state of Asia-Pacific’s key gaming markets: who’s hot, who’s not and...

Rewriting the rules

Rewriting the rules

by Newsdesk
Thu 28 Aug 2025 at 11:43

IAG EXPO, taking place at Newport World Resorts from 8 to 10 September, is not your usual trade show. IAG...

Test of character

Test of character

by Newsdesk
Thu 28 Aug 2025 at 11:28

Since its establishment in 1989, Gaming Laboratories International (GLI) has developed into the world’s most trusted name when it comes...

Evolution Asia
Evolution Asia
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
NWR

Related Posts

Interview with Newport World Resorts’ Nilo Thaddeus Rodriguez

Interview with Newport World Resorts’ Nilo Thaddeus Rodriguez

by Newsdesk
Wed 17 Sep 2025 at 19:04

IAG sat down with Nilo Thaddeus Rodriguez – the President and CEO of Newport World Resorts – to discuss the property’s recent market share gains and what new features and attractions we can expect to see in the coming months.

Genting sued by partner in Bahamas casino Resorts World Bimini for alleged “massive and co-ordinated fraud”

Genting Malaysia looks to dismiss amended complaint filed by partner in Bahamas casino-resort, says no new material elements introduced

by Ben Blaschke
Wed 17 Sep 2025 at 19:02

Genting Malaysia has filed a motion to dismiss an Amended Complaint filed against it by a key partner in its Bahamas casino-resort, Resorts World Bimini (RWB), arguing that the complaint only repeats previously dismissed allegations. In a company announcement on...

Macau GGR hits MOP$19.8 billion in August, up 6% month-on-month

Government figures indicate Macau’s gaming industry recorded US$17.9 billion surplus in 2024

by Pierce Chan
Wed 17 Sep 2025 at 18:04

Macau’s gaming industry recorded a surplus of MOP$143.1 billion (US$17.9 billion) in 2024, representing a 24.7% year-on-year increase according to information from the Statistics and Census Service (DSEC). The surplus was driven by an increase in total receipts of the...

Genting’s KT Lim moving to take New York’s Resorts World Catskills private

Genting Malaysia plan to sell off non-gaming assets of Resorts World Catskills delayed for a second time

by Newsdesk
Wed 17 Sep 2025 at 17:06

A previously announced transaction that will involve Genting Malaysia selling off a raft of non-gaming assets associated with its Resorts World Catskills (RWC) integrated resort in New York state has been delayed for a second time to allow investors involved...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文
  • 日本語

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English
  • 日本語