• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Wednesday 6 August 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

SABA Intelligence: Real-Time risk control for smarter sportsbook operations

SABA Intelligence: Real-Time risk control for smarter sportsbook operations

Wed 6 Aug 2025 at 04:49
Vietnam gaming

Vietnam to introduce casino entry fee in place of financial capacity requirement under revamped pilot program for locals

Tue 5 Aug 2025 at 19:02
DigiPlus to enter South Africa’s online sports betting market

DigiPlus to enter South Africa’s online sports betting market

Sat 26 Jul 2025 at 08:37
How IT professional from Chennai became a MobCash agent in four months 

How IT professional from Chennai became a MobCash agent in four months 

Thu 24 Jul 2025 at 10:42
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 – Better late than never

Editorial – Better late than never

by Ben Blaschke
Thu 31 Jul 2025 at 07:13

Inside Asian Gaming has in recent weeks been hearing increasing chatter around a possible move by Vietnamese authorities to introduce...

Angel’s Yasushi Shigeta

Angel’s Yasushi Shigeta

by Ben Blaschke
Thu 31 Jul 2025 at 07:08

Yasushi Shigeta, Chairman and owner of one of the world’s largest gaming industry suppliers, Angel Group, sits down with Inside...

The Magic Number

The Magic Number

by David Bonnet
Thu 31 Jul 2025 at 06:41

In this in-depth deep dive into the evolution of the Asian gaming landscape, David Bonnet argues that many regional jurisdictions...

Rashid Suliman – A road well traveled

Rashid Suliman – A road well traveled

by Ben Blaschke
Thu 31 Jul 2025 at 02:45

Rashid Suliman, Vice President of Global Gaming Asia-Pacific for casino solutions provider TransAct Technologies, provides some insight into his unique...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
HKUST
NWR

Related Posts

Game changer: WPT’s Adam Pliska

Tournament poker now legal in Thailand as Acting PM overturns long-standing ban

by Ben Blaschke
Wed 6 Aug 2025 at 05:52

Tournament poker is now officially legal in Thailand after the government on Monday overturned a long-standing ban on the activity. According to The Bangkok Post, Acting Prime Minister Phumtham Wechayachai signed an order legalizing poker games for money under controlled...

10 Years Ago: The Star war

NSW casinos given two-year reprieve on plan to lower daily cash limit to AU$1,000

by Ben Blaschke
Wed 6 Aug 2025 at 05:21

The NSW state government has postponed by two years a plan to lower the daily cash limit for casino customers from AU$5,000 (US$3,235) to AU$1,000 (US$647) by two years. The new limit – representing the amount of raw cash each...

Grand Korea Leisure books US$11.4 million profit in 1Q25 on higher casino sales, better margins

Casino revenue at Grand Korea Leisure up 12% month-on-month to US$28 million in July

by Newsdesk
Wed 6 Aug 2025 at 05:03

Foreigner-only casino operator Grand Korea Leisure (GKL) continued its recent surge in July, with casino revenue more than doubling year-on-year to KRW39.0 billion (US$28.1 million), also representing a 12.0% improvement over June. The solid numbers echo similar growth being experienced...

Zitro reduced amount of non-recyclable waste produced by 73% in just two years

Zitro reduced amount of non-recyclable waste produced by 73% in just two years

by Newsdesk
Wed 6 Aug 2025 at 04:51

Spanish gaming supplier Zitro has revealed it reduced the amount of non-recyclable waste it produced in 2024 by 73% compared to its baseline year of 2022. The achievement, it said, marks significant progress in its environmental strategy and commitment to...

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