Pretty incredible that a casino of that size was able to operate under the radar for so long.
Even if he had a house of judge 1%, that means the guy successfully generated $30 million in profit without even raising a suspicion? The place more likely had a crazy high house edge too, given that it was already operating illegally, so something like 3% ($90m profit) is more likely (deducting operating costs).
Not really much of a difference between a licensed an unlicensed platform so long as they're using fair equipment and not rigging the games. But the government's gotta get its share of the revenue or its curtains!
Topic: Vietnam bursts an illegal casino who used to handle bets worth $3 billions - page 10. (Read 3525 times)
June 18, 2020, 06:00:02 PM
June 18, 2020, 05:43:56 PM
This is another reason why I believe gambling should be legalized on places where there is a huge demand for such. Business operators and gamblers would always find a way to satisfy their needs, and oftentimes would resort into illegal things just to satiate their hunger to gamble and make money. Operators and investors know that there is money to be made, and since these ventures aren't wholly legal and tax isn't an issue, they would try their best to hide it and profit big from it. End result is that people make money and the government does not.
Would be nice for Vietnam to open a city and develop it as a gambling hotspot. The demand is there, the initiative and acceptance however, isn't.
Would be nice for Vietnam to open a city and develop it as a gambling hotspot. The demand is there, the initiative and acceptance however, isn't.
I strongly believe that gambling should be legal in every country but unfortunately it is not. Illegal things also make money for the government but it has to do more work by shutting them down and seizing assets.
That casino operator knew what he was getting into and did not regioster his operation because there was no other way to operate in Vietnam. Illegal things are usually in demand and this is a rule everywhere you go.
I'm sure he made a lot of money from it before he was shut down.
June 18, 2020, 05:07:35 PM
This is another reason why I believe gambling should be legalized on places where there is a huge demand for such. Business operators and gamblers would always find a way to satisfy their needs, and oftentimes would resort into illegal things just to satiate their hunger to gamble and make money. Operators and investors know that there is money to be made, and since these ventures aren't wholly legal and tax isn't an issue, they would try their best to hide it and profit big from it. End result is that people make money and the government does not.
Would be nice for Vietnam to open a city and develop it as a gambling hotspot. The demand is there, the initiative and acceptance however, isn't.
For some who arent scared about legal issues then they would definitely go to this path since they would really have that in mind that they can easily pay-off some under-the-table transactionsWould be nice for Vietnam to open a city and develop it as a gambling hotspot. The demand is there, the initiative and acceptance however, isn't.
just for their illegal business to continue without any problem.It will always vary on each country though since there are places which cant really be negotiate into this kind of manner.
When it comes to tax matters then we know on how big it is and thinking of that not all owners wont really be willing to pay up such amount so thats why they do hide out
theirselves and operate illegally and making profit most of it.
They do really exist but only a few been bust out and this is already part of the reality.
June 18, 2020, 04:56:41 PM
The concept of legality is quite plastic 
I did not check the information in the primary sources, but knowing a lot of examples from my country I can say that many businesses can be declared illegal - you just need to find some kind of tax evasion (almost always there is one). In the case of online businesses, it is still more difficult. It is possible to register in many different jurisdictions and the authorities of the country (where the owner is from) can consider these registrations illegal for one reason or another.
I did not check the information in the primary sources, but knowing a lot of examples from my country I can say that many businesses can be declared illegal - you just need to find some kind of tax evasion (almost always there is one). In the case of online businesses, it is still more difficult. It is possible to register in many different jurisdictions and the authorities of the country (where the owner is from) can consider these registrations illegal for one reason or another.
June 18, 2020, 01:17:18 PM
The local authorities will still ask the money for the security reason to the house so they can operate illegal gambling without any risk. I see that is happening not just in gambling but also in the discotheque, and that is like a mushroom everywhere. The security money is not too big, but it's enough to give "hot money" to the corrupt local authorities, and they will shut their mouth, pretending that everything is okay in their area.
Yes but they won't be hunted because of that protection money. They're small and they know how much they can ask with that so there's no need to chase them for legal matters and separation. This is one of the realities that do happen probably not just in third world countries.And that's the reason why there are movies that's being inspired with this kind of scene. Going to the burst, this will remind other casinos that they have to be registered.
That movie gets their research by asking some people who play on that local casino and interviewing them so the director and the staff can start the movie. The movie shows reality about what happens in the third world, even in the big country, that happens too.
Then there's a bigger picture for this situation.
June 18, 2020, 01:07:56 PM
This is another reason why I believe gambling should be legalized on places where there is a huge demand for such. Business operators and gamblers would always find a way to satisfy their needs, and oftentimes would resort into illegal things just to satiate their hunger to gamble and make money. Operators and investors know that there is money to be made, and since these ventures aren't wholly legal and tax isn't an issue, they would try their best to hide it and profit big from it. End result is that people make money and the government does not.
Would be nice for Vietnam to open a city and develop it as a gambling hotspot. The demand is there, the initiative and acceptance however, isn't.
Would be nice for Vietnam to open a city and develop it as a gambling hotspot. The demand is there, the initiative and acceptance however, isn't.
June 18, 2020, 09:36:16 AM
I guess the demand for gambling casinos is that high on Vietnam since there are only a few casinos and only land-based casinos which are only a few are allowed to operate. That is also the reason why this illegal online casino app was able to gather a lot of users. I also doubt if they can even get a license to operate even with the amount of money they are earning since it is illegal in Vietnam.
That is why it is best to use a platform that is already trusted to lessen the risk of your funds getting lost if you are using an illicit gambling platform.
That is why it is best to use a platform that is already trusted to lessen the risk of your funds getting lost if you are using an illicit gambling platform.
I see now I understand why they gathered that much in just an online casino. They will be back again if they don't face any charges with this act or permanently close their site. In Vietnam, Casino is banned at some point they don't allow the citizen to make their own version of it. unlike in other countries where they allow this kind of game, they can do as they please. they just need to pay the right tax to the government to get their license to run it.
June 18, 2020, 08:59:39 AM
I guess the demand for gambling casinos is that high on Vietnam since there are only a few casinos and only land-based casinos which are only a few are allowed to operate. That is also the reason why this illegal online casino app was able to gather a lot of users. I also doubt if they can even get a license to operate even with the amount of money they are earning since it is illegal in Vietnam.
That is why it is best to use a platform that is already trusted to lessen the risk of your funds getting lost if you are using an illicit gambling platform.
That is why it is best to use a platform that is already trusted to lessen the risk of your funds getting lost if you are using an illicit gambling platform.
I believe Vietnam is really strict in their gambling rules thats why people are In need to play because of limited chances.
This is how it goes on Vietnam, I wonder how much does it cost for the Casino to run in our Country. Here they legalize it but still, there are lots of illegal casinos running. especially in Capital City where most of them got busted by the authorities and most of the players are Chinese. Maybe they cannot run casinos in their own country because of huge payment that's why they came to us to play because the consequences if caught are just lightly deported back to their country.
Vietnam is not corrupt and they are for justice and not for Profit or income,the rules must be implemented .
June 18, 2020, 08:19:20 AM
This is how it goes on Vietnam, I wonder how much does it cost for the Casino to run in our Country. Here they legalize it but still, there are lots of illegal casinos running. especially in Capital City where most of them got busted by the authorities and most of the players are Chinese. Maybe they cannot run casinos in their own country because of huge payment that's why they came to us to play because the consequences if caught are just lightly deported back to their country.
It is better to run anything legallly because owners won't get troubles with law regulation. With crypto and online crypto casinos, owners will have to be very flexible with fastly law regulation changes. There are costs and risks to run casinos legally or illegally. Running them illegally causes higher risks for owners but still owners get beneficial income, definitely. About risks, they have to think of risks carefully. Getting money and go in jails are not good endings.Another thing is moral aspect in specific nations about gambling.
I am not sure how people who decided to gamble in this casino had fait that casino is provably fair? I would be
afraid to gamble in underground casino.
Provably fair is a technical term for blockchain-based casino industry. Nevertheless, I don't think all gamblers actually know and care about provably fair. What they want is place to gamble and satisfy their greediness. There are limited gamblers understand what is provably fair and know how to verify seeds to judge provably fair characteristic of casinos. afraid to gamble in underground casino.
Legality of casinos will be look into first for big bettors, I'm just surprise that one can risk that big amount of money knowing the casino is not legally operated. This favors the casino owners though since the casino is not registered, he will not pay taxes for it, but the risk is high as anytime the authorities can arrest the owners since they are known to be illegally operating, and that is regardless of the amount of bets they accepted.
Therefore if they like some business security, casino owners has to ensure that their casino complies with the law they need to give the fair share to the government in the form of taxes.
June 18, 2020, 08:11:45 AM
This is how it goes on Vietnam, I wonder how much does it cost for the Casino to run in our Country. Here they legalize it but still, there are lots of illegal casinos running. especially in Capital City where most of them got busted by the authorities and most of the players are Chinese. Maybe they cannot run casinos in their own country because of huge payment that's why they came to us to play because the consequences if caught are just lightly deported back to their country.
It is better to run anything legallly because owners won't get troubles with law regulation. With crypto and online crypto casinos, owners will have to be very flexible with fastly law regulation changes. There are costs and risks to run casinos legally or illegally. Running them illegally causes higher risks for owners but still owners get beneficial income, definitely. About risks, they have to think of risks carefully. Getting money and go in jails are not good endings.Another thing is moral aspect in specific nations about gambling.
I am not sure how people who decided to gamble in this casino had fait that casino is provably fair? I would be
afraid to gamble in underground casino.
Provably fair is a technical term for blockchain-based casino industry. Nevertheless, I don't think all gamblers actually know and care about provably fair. What they want is place to gamble and satisfy their greediness. There are limited gamblers understand what is provably fair and know how to verify seeds to judge provably fair characteristic of casinos. afraid to gamble in underground casino.
June 18, 2020, 04:14:47 AM
-Seen
In my opinion, they don't legally register casinos because they can hide illegal activities, possibly money laundering, trading illegal substances like drugs. $3 billion is a massive amount, this is very suspicious.And I agree with you, we should check the casino reputation before placing bets to avoid unfortunate risks
This money is is more than just a massive amount, I can't imagine that can be in some illegal casino. Where
did they find rich players, I wonder what kind of games they had and minimal bet in that casino? And I wonder for
how long they worked, how police didn't notice them?
I am not sure how people who decided to gamble in this casino had fait that casino is provably fair? I would be
afraid to gamble in underground casino.
June 18, 2020, 03:40:05 AM
Vietnam authorities are claiming to burst an online casino that used to handle bets worth $3 billion, and what’s surprising is despite getting such huge volumes the casino owner never felt the need to get his casino registered and operate legally.
Further he had deployed a very clever strategy where he had hired people to lure gamblers out, and then he used to pay those people fixed commissions for every deposits the gambler made through them.
Lastly I would request you’ll to wager only on reputed casinos, and check their history before you wager otherwise you may end up loosing your funds to fraudulent online casinos.
Sources:
https://calvinayre.com/2020/05/31/business/vietnam-biggest-ever-online-gambling-bust/
https://www.gamblingsites.com/online-casino/safe/ (Ignore those banners and links, but read those pointers)
In my opinion, they don't legally register casinos because they can hide illegal activities, possibly money laundering, trading illegal substances like drugs. $3 billion is a massive amount, this is very suspicious.Further he had deployed a very clever strategy where he had hired people to lure gamblers out, and then he used to pay those people fixed commissions for every deposits the gambler made through them.
Lastly I would request you’ll to wager only on reputed casinos, and check their history before you wager otherwise you may end up loosing your funds to fraudulent online casinos.
Sources:
https://calvinayre.com/2020/05/31/business/vietnam-biggest-ever-online-gambling-bust/
https://www.gamblingsites.com/online-casino/safe/ (Ignore those banners and links, but read those pointers)
And I agree with you, we should check the casino reputation before placing bets to avoid unfortunate risks
June 18, 2020, 01:00:40 AM
That is why it is best to use a platform that is already trusted to lessen the risk of your funds getting lost if you are using an illicit gambling platform.
That is if you are going to gamble with a huge amount like the amount mentioned in the title, but if you are only going to play just for fun you are ok with gambling site with a good reputation even if it is not yet licensed, it's right logic that if you are depositing a very huge amount it's better to a gambling site that is compliant to the government.
June 18, 2020, 12:37:05 AM
I guess the demand for gambling casinos is that high on Vietnam since there are only a few casinos and only land-based casinos which are only a few are allowed to operate. That is also the reason why this illegal online casino app was able to gather a lot of users. I also doubt if they can even get a license to operate even with the amount of money they are earning since it is illegal in Vietnam.
That is why it is best to use a platform that is already trusted to lessen the risk of your funds getting lost if you are using an illicit gambling platform.
That is why it is best to use a platform that is already trusted to lessen the risk of your funds getting lost if you are using an illicit gambling platform.
June 17, 2020, 11:04:12 PM
Vietnam authorities are claiming to burst an online casino that used to handle bets worth $3 billion, and what’s surprising is despite getting such huge volumes the casino owner never felt the need to get his casino registered and operate legally.
Maybe the Owner/operator thought that Government wasn't aware of His large bets thats why he has not been alarmed of forced Himself to register for legalities .Quote
Further he had deployed a very clever strategy where he had hired people to lure gamblers out, and then he used to pay those people fixed commissions for every deposits the gambler made through them.
He must be Smart and greedy but nothing is permanent and everything has an end,and now here comes the time and he will pay for everything he did.Quote
Lastly I would request you’ll to wager only on reputed casinos, and check their history before you wager otherwise you may end up loosing your funds to fraudulent online casinos.
Sources:
https://calvinayre.com/2020/05/31/business/vietnam-biggest-ever-online-gambling-bust/
https://www.gamblingsites.com/online-casino/safe/ (Ignore those banners and links, but read those pointers)
actually those who entertained illegal casinos are surely part of the syndicate and they don't want to be taxed as well by the government. Sources:
https://calvinayre.com/2020/05/31/business/vietnam-biggest-ever-online-gambling-bust/
https://www.gamblingsites.com/online-casino/safe/ (Ignore those banners and links, but read those pointers)
June 17, 2020, 09:53:29 PM
The local authorities will still ask the money for the security reason to the house so they can operate illegal gambling without any risk. I see that is happening not just in gambling but also in the discotheque, and that is like a mushroom everywhere. The security money is not too big, but it's enough to give "hot money" to the corrupt local authorities, and they will shut their mouth, pretending that everything is okay in their area.
Yes but they won't be hunted because of that protection money. They're small and they know how much they can ask with that so there's no need to chase them for legal matters and separation. This is one of the realities that do happen probably not just in third world countries.And that's the reason why there are movies that's being inspired with this kind of scene. Going to the burst, this will remind other casinos that they have to be registered.
That movie gets their research by asking some people who play on that local casino and interviewing them so the director and the staff can start the movie. The movie shows reality about what happens in the third world, even in the big country, that happens too.
If it's about gambling games from the street, you will find many gambling types which you can play with others. People will be creative to create a new gambling game based on the current situations so they can gamble their money, and hopefully, they can make money from that. I think it is happening in many countries which people play gambling games which can not be found in any regular casinos because people want to risk their money to get more money.
Gamblers always find ways, they are so creative as long as there are other people who also wanted to gamble with them.
You can find lots of gambling activities outside the street.
Though even in a very strict countries this gamblers will continue to seek for ways to fill their urged into gambling, we mostly
seen that in a rural places and crowded areas.
This gambling activities will continue, you burst one place expect that someone will replicate it and start a new one.
June 17, 2020, 07:59:22 PM
But for example I know some gambling games from the street, you can't find those games with cards, dices or some other kind of objects in any regular casinos!
If it's about gambling games from the street, you will find many gambling types which you can play with others. People will be creative to create a new gambling game based on the current situations so they can gamble their money, and hopefully, they can make money from that. I think it is happening in many countries which people play gambling games which can not be found in any regular casinos because people want to risk their money to get more money.Gamblers always find ways, they are so creative as long as there are other people who also wanted to gamble with them.
You can find lots of gambling activities outside the street.
Though even in a very strict countries this gamblers will continue to seek for ways to fill their urged into gambling, we mostly
seen that in a rural places and crowded areas.
This gambling activities will continue, you burst one place expect that someone will replicate it and start a new one.
If it's about gambling games from the street, you will find many gambling types which you can play with others. People will be creative to create a new gambling game based on the current situations so they can gamble their money, and hopefully, they can make money from that. I think it is happening in many countries which people play gambling games which can not be found in any regular casinos because people want to risk their money to get more money.
Yup. This isn't new. A lot of this happens in many streets especially if those areas aren't being that much visited by the authorities. But they won't spent time hunting them down because bets there are not that much and they can't tax them because it's considered as a small time gambling place. But if they have a tip that a place is raking a lot of money, they'll start to act and pursue them.And that's the reason why there are movies that's being inspired with this kind of scene. Going to the burst, this will remind other casinos that they have to be registered.
June 17, 2020, 06:35:17 AM
But for example I know some gambling games from the street, you can't find those games with cards, dices or some other kind of objects in any regular casinos!
If it's about gambling games from the street, you will find many gambling types which you can play with others. People will be creative to create a new gambling game based on the current situations so they can gamble their money, and hopefully, they can make money from that. I think it is happening in many countries which people play gambling games which can not be found in any regular casinos because people want to risk their money to get more money.Gamblers always find ways, they are so creative as long as there are other people who also wanted to gamble with them.
You can find lots of gambling activities outside the street.
Though even in a very strict countries this gamblers will continue to seek for ways to fill their urged into gambling, we mostly
seen that in a rural places and crowded areas.
This gambling activities will continue, you burst one place expect that someone will replicate it and start a new one.
June 17, 2020, 06:32:13 AM
If it's about gambling games from the street, you will find many gambling types which you can play with others. People will be creative to create a new gambling game based on the current situations so they can gamble their money, and hopefully, they can make money from that. I think it is happening in many countries which people play gambling games which can not be found in any regular casinos because people want to risk their money to get more money.
Yup. This isn't new. A lot of this happens in many streets especially if those areas aren't being that much visited by the authorities. But they won't spent time hunting them down because bets there are not that much and they can't tax them because it's considered as a small time gambling place. But if they have a tip that a place is raking a lot of money, they'll start to act and pursue them.And that's the reason why there are movies that's being inspired with this kind of scene. Going to the burst, this will remind other casinos that they have to be registered.
June 17, 2020, 03:02:01 AM
Here they legalize it but still, there are lots of illegal casinos running. especially in Capital City where most of them got busted by the authorities and most of the players are Chinese. Maybe they cannot run casinos in their own country because of huge payment that's why they came to us to play because the consequences if caught are just lightly deported back to their country.
That's why I'm so disappointed with the claws of our justice when it comes to foreign violators. The hardest they can do is to deport them, that's all. But on the other hand, once our fellow people did a crime in abroad (even sometimes only due to self defense), the final verdict is usually death sentence 
. *sighAnway, what I see right now is that POGOs and the Chinese people associated with it (not all of them, only the bad ones) are not helping our economy any longer. They just add on the stack of problems of our country
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