Topic: Vietnam bursts an illegal casino who used to handle bets worth $3 billions - page 11. (Read 3525 times)
June 17, 2020, 12:08:09 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.
June 16, 2020, 09:40:58 PM
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.
June 16, 2020, 01:27:26 PM
Why it is so hot about the burst on the illegal casino in Vietnam? It is clearly that online casinos are illegal in the nation, for many years. There are plans to make them become a legal industry but it has never come closely to real law. The interesting fact is despite of many difference in laws and moral principles in Vietnam (or many Asian nations) and the Western nations, gambling are everywhere and locals keep gambling. Even they know their gambling activities are illegal, they keep gambling or operate gambling activities.
Governments know such activities, obviously, and there are corruptions locally. At the right time, such gambling holders will be caught and bring to law courts. It's a matter of time.
There are many sites, forums that advertise for gambling sites, and they have been still fine with laws.
Governments know such activities, obviously, and there are corruptions locally. At the right time, such gambling holders will be caught and bring to law courts. It's a matter of time.
There are many sites, forums that advertise for gambling sites, and they have been still fine with laws.
Then whats next?
They would surely bail out since they do have the money to do so and would continue on the same process all over again.
You are right, this isnt something new and this had just been a norm in most countries on where illegal acts are commonly happen
underground.If they havent been bust out then its understandable that someone is protecting from above which they do
know that they can milk it out.
This isnt something that should really be surprised on.
June 16, 2020, 01:18:41 PM
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You are correct. Online casinos are illegal in Vietnam. There are real casinos in Vietnam but the government here does not allow online casinos. There are many people got punished in jails because of their online gambling/ casino operations as well as their participation in online gambling.
That means there are land based casinos which are legal and you cannot run an virtual based online casino. But what i do not understand is how they are able to pin point and bust these online casino as you can run anything virtually if you could register and run the servers in a safe heaven.You are correct. Online casinos are illegal in Vietnam. There are real casinos in Vietnam but the government here does not allow online casinos. There are many people got punished in jails because of their online gambling/ casino operations as well as their participation in online gambling.
As I wrote above, even if online casinos' owners want to do so, they still don't have chances to get a license legally for their online casinos in Vietnam.
By reading the article it says the operations were done through agents by giving credits in return of physical properties and that is bound for disaster but you could run an online casino without having any office in Vietnam and registering in other countries and that is the advantage of an online casino. June 16, 2020, 12:38:53 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.
June 16, 2020, 09:05:19 AM
Why it is so hot about the burst on the illegal casino in Vietnam? It is clearly that online casinos are illegal in the nation, for many years. There are plans to make them become a legal industry but it has never come closely to real law. The interesting fact is despite of many difference in laws and moral principles in Vietnam (or many Asian nations) and the Western nations, gambling are everywhere and locals keep gambling. Even they know their gambling activities are illegal, they keep gambling or operate gambling activities.
Governments know such activities, obviously, and there are corruptions locally. At the right time, such gambling holders will be caught and bring to law courts. It's a matter of time.
There are many sites, forums that advertise for gambling sites, and they have been still fine with laws.
Governments know such activities, obviously, and there are corruptions locally. At the right time, such gambling holders will be caught and bring to law courts. It's a matter of time.
There are many sites, forums that advertise for gambling sites, and they have been still fine with laws.
June 16, 2020, 08:59:23 AM
What kind of games are you talking about? Can you be more specific?
For example maybe it's forbidden to bet on cockfighting, but in illegal casinos you can watch fights, or they have it on TV and people watch and bet. Same like with dog fights and races, or any other kind or racing or fighting (maybe we can include here people fight to death, or I went too far?)... games that are forbidden by law, but people still do it! It's cruel but it exists.
Where have you seen that please?
Anyways, I only have seen kind of things in movies, not in real life. I bet it's the same where the richest group of people who pay people just to fight. Isn't fighting sports something like that? It's not like up to the death thing but it's close. Maybe there are parts of it in the deep web.
June 16, 2020, 08:33:51 AM
What kind of games are you talking about? Can you be more specific?
For example maybe it's forbidden to bet on cockfighting, but in illegal casinos you can watch fights, or they have it on TV and people watch and bet. Same like with dog fights and races, or any other kind or racing or fighting (maybe we can include here people fight to death, or I went too far?)... games that are forbidden by law, but people still do it! It's cruel but it exists.Where have you seen that please?
Anyways, I only have seen kind of things in movies, not in real life. I bet it's the same where the richest group of people who pay people just to fight. Isn't fighting sports something like that? It's not like up to the death thing but it's close. Maybe there are parts of it in the deep web.
June 16, 2020, 08:21:23 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.
Holy shit! With all those massive profits and the owners never even bothered to operate legal for a lot much less fees?Indeed, gamblers should open their eyes and be careful on which kind of casino they are dealing with.
That's the most disgusting news about casino owner that I've ever known. He didn't even think about where are those money that he collected came from. Gamblers should be really mindful and aware about the online casinos that they are accessing to prevent those fraud casinos to continuously operate and fool people.
I'm really not a fan of gambling but if you're are not that good at looking for the best and good online casino, then you should not do it.
Always check the reputation of an online casino so that you know if it is legit or it is worth it to play there.
And also you should tell the authority if you know someone who are running a casino that is not legally registered.
June 16, 2020, 08:21:18 AM
What kind of games are you talking about? Can you be more specific?
For example maybe it's forbidden to bet on cockfighting, but in illegal casinos you can watch fights, or they have it on TV and people watch and bet. Same like with dog fights and races, or any other kind or racing or fighting (maybe we can include here people fight to death, or I went too far?)... games that are forbidden by law, but people still do it! It's cruel but it exists.Where have you seen that please?
Anyways, I only have seen kind of things in movies, not in real life. I bet it's the same where the richest group of people who pay people just to fight. Isn't fighting sports something like that? It's not like up to the death thing but it's close. Maybe there are parts of it in the deep web.
June 16, 2020, 08:17:25 AM
What kind of games are you talking about? Can you be more specific?
For example maybe it's forbidden to bet on cockfighting, but in illegal casinos you can watch fights, or they have it on TV and people watch and bet. Same like with dog fights and races, or any other kind or racing or fighting (maybe we can include here people fight to death, or I went too far?)... games that are forbidden by law, but people still do it! It's cruel but it exists.Where have you seen that please?
June 15, 2020, 09:40:32 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. June 10, 2020, 07:44:13 AM
I think that he didn't register casino because gambling is illegal in Vietnam:
You are correct. Online casinos are illegal in Vietnam. There are real casinos in Vietnam but the government here does not allow online casinos. There are many people got punished in jails because of their online gambling/ casino operations as well as their participation in online gambling.There are some discussions and intention to build up laws for online gambling but it has still been stucked for years. I have not seen any lights that such laws will be finished in the near future.
Holy shit! With all those massive profits and the owners never even bothered to operate legal for a lot much less fees?
Indeed, gamblers should open their eyes and be careful on which kind of casino they are dealing with.
As I wrote above, even if online casinos' owners want to do so, they still don't have chances to get a license legally for their online casinos in Vietnam. Indeed, gamblers should open their eyes and be careful on which kind of casino they are dealing with.
June 02, 2020, 04:16:36 PM
What kind of games are you talking about? Can you be more specific?
For example maybe it's forbidden to bet on cockfighting, but in illegal casinos you can watch fights, or they have it on TV and people watch and bet. Same like with dog fights and races, or any other kind or racing or fighting (maybe we can include here people fight to death, or I went too far?)... games that are forbidden by law, but people still do it! It's cruel but it exists.
I don't know about Vietnam specific, what is allowed there and what not. 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!
June 02, 2020, 06:11:29 AM
The GDP of Vietnam is 255 billion USD is 2019. It's very surprising that an unregistered casino handles bet volume worth 1.18% of the country's GDP. I can't imagine how much money is held by the registered casinos there? Is gambling a social issue in Vietnam?
It's very very surprising. It's very much possible that the Vietnamese authorities are faking the numbers to the international media. However, what's wrong is wrong. But the normal gamblers will have their money seized for an infinite time!
June 02, 2020, 01:40:42 PM
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.
When you start you never know if you will succeed or not and if you succeed and have millions in volumes it is sometimes too late...
I think that he didn't register casino because gambling is illegal in Vietnam:
Quote
In general, gambling is illegal in Vietnam. However, some forms of betting in Vietnam are allowed. This includes lotteries, horse racing, greyhound racing, and international football.
https://www.expatbets.com/vietnam/casino/ June 02, 2020, 03:47:39 AM
That's an apparent mistake by the owner, just like what everybody else is saying in this topic. The moment he didn't legalize the casino, is the time where the owner lost already. He might have thought of the amount he can suffer due to the gambling operation taxes, but the owner never thought of the future and what he could do in the long run when he is already legal. It's a homegrown operation, but it did give a name for itself.
With $3 billions bets worth he made nice money! Now he will be arrested and sentenced few months in jail or house arrest, he will pay some official fines, he will bribe judge and police, and in 2-3 months he will open a new casino! It's how it goes!
I don't know about the laws in Vietnam, but they have some restrictions probably. Illegal casino can offer games you can't find in legal casino, you can have higher bets (without limits), which can be good for some gamblers who just get in and get out, without need to register or report their winnings and pay taxes for that!
People will always find a way to bend some rules! In the end rules exist to be broken
What kind of games are you talking about? Can you be more specific?
https://www.vietnam-briefing.com/news/vietnams-corruption-perception-ranking-declines-2018.html/
June 02, 2020, 03:16:30 AM
This is not a small time online gambling casinos, even if online gambling casinos are illegal in their companies they managed to push through in those two years, I believe because they have powerful connections this is why they are not caught on all these two years, this is just a tip of the iceberg, we have seen how huge running an online gambling now and there are still underground online casinos which is not known here.
Or maybe the operator/owner is a Politician itself,because it is very rare that they can operate that long without being caught of authorities?if only they knew that their casino will grow big they will pay for the legalization of it but no they didnt know it and they only start with small budget , thats the reason why them and many other more operates secretly just to avoid many costs but as soon as they are earning good , why not pay to make thier casino legal ? or he can also pay the charges that they dealt and start being good again with the money they have now .
Lol even you casino earn or not,you have obligation to seek permits and other legal documents before starting to operate,this is a obvious and intentional.
June 02, 2020, 02:39:28 AM
if only they knew that their casino will grow big they will pay for the legalization of it but no they didnt know it and they only start with small budget , thats the reason why them and many other more operates secretly just to avoid many costs but as soon as they are earning good , why not pay to make thier casino legal ? or he can also pay the charges that they dealt and start being good again with the money they have now .
June 02, 2020, 01:18:55 AM
This is not a small time online gambling casinos, even if online gambling casinos are illegal in their companies they managed to push through in those two years, I believe because they have powerful connections this is why they are not caught on all these two years, this is just a tip of the iceberg, we have seen how huge running an online gambling now and there are still underground online casinos which is not known here.
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