Vietnam bursts an illegal casino who used to handle bets worth $3 billions - page 5.

pilosopotasyo

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Quote from: Vishnu.Reang on July 29, 2020, 06:41:27 AM

It's not just the taxes. There are gamblers who want to launder their dirty money through the casinos (in most cases, earned from narcotic trade and human trafficking). If they gamble through the legal casinos in Macau, then the money trail will be visible to the authorities and in the long term they will land in hot soup. These people want to gamble anonymously, so that the authorities can't trace back the dirty money.

That's true illegal gambling is where you can find bad guys who are very much into a lot of dirty activities, once you apprehend these guys, authorities will discover they are into a lot of dirty things like drugs human trafficking and money laundering, they are brave to do their things because they have money for protection, and they operate in a country where there is weak justice system.

Vishnu.Reang

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Quote from: smyslov on July 29, 2020, 04:17:29 AM

Quote from: Vishnu.Reang on July 28, 2020, 04:39:50 AM

Macau is one of the most law-abiding territories in Asia. It is well known for its gambling industry, but organized crime and fixing is very rare. Most of the casinos are owned by well known companies. And perhaps that is the reason why many of the Chinese and other gamblers prefer less well known destinations such as Cambodia and Vietnam.

One of the reasons for this is they evade taxes casinos pay million in taxes, so instead of paying the government they prefer to pay corrupt government officials and the police officials so they can evade arrest, their underground operations is hard to track because the authorities that supposed to catch them are the one protecting their casinos, it's their cash cow of course.

It's not just the taxes. There are gamblers who want to launder their dirty money through the casinos (in most cases, earned from narcotic trade and human trafficking). If they gamble through the legal casinos in Macau, then the money trail will be visible to the authorities and in the long term they will land in hot soup. These people want to gamble anonymously, so that the authorities can't trace back the dirty money.

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Quote from: peter0425 on July 29, 2020, 03:47:01 AM

Quote from: bitbunnny on July 29, 2020, 02:42:00 AM

To my opinion Asia has very big and developed gambling industry. People who come there to gamble, like in Macau have great deal of money to play for. Big money is involved there and where is big money, there are big interests, especially from organized crime, it's no wonder. In places like that you should be very careful, otherwise you might get involved in not so very nice stuff.

Thats it mate.Macau and even Philippines are encouraging gambling businesses to enter their country and invest on it.
Though because of many critics the Philippine government implements strict rules towards gambling.
In gambling world there are so many syndicated groups that runs on every casino.
Here there are kidnapping happening for those gamblers that cannot pay their loans and forcing their family to pay the debt.

Philippines was trying to be stricter in gambling especially now that many are stay at home or no work that are looking for money, same with how strict they are now in eliminating drugs, in gambling they wanted only legal and registered gambling places exist. However, they can't still monitor those who are online since government technology maybe not sufficient yet to monitor and determined it as well some officials might be connected in those illegal, Vietnam moves can push more countries to close those illegal casino.

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Quote from: Vishnu.Reang on July 28, 2020, 04:39:50 AM

Macau is one of the most law-abiding territories in Asia. It is well known for its gambling industry, but organized crime and fixing is very rare. Most of the casinos are owned by well known companies. And perhaps that is the reason why many of the Chinese and other gamblers prefer less well known destinations such as Cambodia and Vietnam.

One of the reasons for this is they evade taxes casinos pay million in taxes, so instead of paying the government they prefer to pay corrupt government officials and the police officials so they can evade arrest, their underground operations is hard to track because the authorities that supposed to catch them are the one protecting their casinos, it's their cash cow of course.

peter0425

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Quote from: bitbunnny on July 29, 2020, 02:42:00 AM

To my opinion Asia has very big and developed gambling industry. People who come there to gamble, like in Macau have great deal of money to play for. Big money is involved there and where is big money, there are big interests, especially from organized crime, it's no wonder. In places like that you should be very careful, otherwise you might get involved in not so very nice stuff.

Thats it mate.Macau and even Philippines are encouraging gambling businesses to enter their country and invest on it.
Though because of many critics the Philippine government implements strict rules towards gambling.
In gambling world there are so many syndicated groups that runs on every casino.
Here there are kidnapping happening for those gamblers that cannot pay their loans and forcing their family to pay the debt.

bitcoinisbest

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Quote from: fiulpro on July 29, 2020, 02:16:38 AM

Quote from: Juggy777 on May 31, 2020, 12:04:27 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.

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)

Another thing :
When you receive messages from sites and email and stuff , which gives you ridiculous claims and starts from :
Hello Dear , this is 0% professional , this is a SCAM! You should understand that you should never go on these sites and even give your personal information.
Even if they call them it's not supposed to work that way ! A reputed site does not have that much time to actually call each and every person they might think will play bets .

For example this is a message received few days back:

Quote

Congratulations Dear,

Get Rs. 2000 Welcome Bonus.

Play Rummy Now & Win Cash

Register For Free ua9.me/clb0qn

To Optout : SMS "OPTOUT" to 575758

Someone tell these scammers that professional companies don't use DEAR!!!

*_*_*_*

Review the sites that you are using , sites like BTCGOSU the one am working for have reviews about the sites and such .

Don't ever think about making money , think about being safe first.

This are the easy tricks for them to make money, because they show you such fantastic deals like giving good amount of credit and might be initially they will make you win as well and then once you start liking it then you will start losing the money . Also, young age people feel like it is so easy to win or make money form this sites and they would fall in such traps.

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To my opinion Asia has very big and developed gambling industry. People who come there to gamble, like in Macau have great deal of money to play for. Big money is involved there and where is big money, there are big interests, especially from organized crime, it's no wonder. In places like that you should be very careful, otherwise you might get involved in not so very nice stuff.

fiulpro

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Quote from: Juggy777 on May 31, 2020, 12:04:27 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.

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)

Another thing :
When you receive messages from sites and email and stuff , which gives you ridiculous claims and starts from :
Hello Dear , this is 0% professional , this is a SCAM! You should understand that you should never go on these sites and even give your personal information.
Even if they call them it's not supposed to work that way ! A reputed site does not have that much time to actually call each and every person they might think will play bets .

For example this is a message received few days back:

Quote

Congratulations Dear,

Get Rs. 2000 Welcome Bonus.

Play Rummy Now & Win Cash

Register For Free ua9.me/clb0qn

To Optout : SMS "OPTOUT" to 575758

Someone tell these scammers that professional companies don't use DEAR!!!

*_*_*_*

Review the sites that you are using , sites like BTCGOSU the one am working for have reviews about the sites and such .

Don't ever think about making money , think about being safe first.

stellgod

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Quote from: batang_bitcoin on July 28, 2020, 06:48:37 AM

Quote from: Vishnu.Reang on July 28, 2020, 05:33:55 AM

Obviously Macau is one of the global hubs for gambling. But the problem with Macau is that the casinos can be very expensive and not everyone from mainland China can afford to go to these casinos and indulge in gambling. That's the reason why a lot of them look for more affordable destinations, such as Vietnam, Myanmar and Cambodia.

I haven't been to Macau but I know that they are the gambling hub and alike Las Vegas in Asia. Most of their customers there are foreigners and that's how the economy in that country relies mostly upon. I have a Chinese relative and what you are saying about being practical of them is true. If they have elsewhere to buy, to gamble or do anything with their money in a cheaper way, they'll go on that place and spend wisely their money for them to save and have discounts.

I am not sure how a casino can be cheap or costly, I mean we decide how much we want to bet when we visit a casino, right? So do they have high base bets or do they charge high service fees or something? I'm sorry but I haven't been to such casinos and I have no idea how to they operate but would like to know why some casinos are considered as cheap while some more royal and costly.

Maybe because I am gambling in online casinos mostly that is the reason I am not versed with how real casinos work and if they charge particular fees for giving you a table or if they charge some fees just to visit the casino.

batang_bitcoin

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Quote from: Vishnu.Reang on July 28, 2020, 05:33:55 AM

Obviously Macau is one of the global hubs for gambling. But the problem with Macau is that the casinos can be very expensive and not everyone from mainland China can afford to go to these casinos and indulge in gambling. That's the reason why a lot of them look for more affordable destinations, such as Vietnam, Myanmar and Cambodia.

I haven't been to Macau but I know that they are the gambling hub and alike Las Vegas in Asia. Most of their customers there are foreigners and that's how the economy in that country relies mostly upon. I have a Chinese relative and what you are saying about being practical of them is true. If they have elsewhere to buy, to gamble or do anything with their money in a cheaper way, they'll go on that place and spend wisely their money for them to save and have discounts.

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Quote from: bitcoinisbest on July 28, 2020, 05:14:28 AM

After Las Vegas, Macau is the most visited place for gambling. If not mistaken even gambling constitute to 85% contribution in their economy. So it is all gambling and the tourist that comes to visit Macau. Also, people who cannot afford to travel Vegas, ensure that they do visit Macau to enjoy the gambling and nightlife out there. Since China and Macau are quite close by so people do visit on Friday night and then go back to China on Sunday.

Obviously Macau is one of the global hubs for gambling. But the problem with Macau is that the casinos can be very expensive and not everyone from mainland China can afford to go to these casinos and indulge in gambling. That's the reason why a lot of them look for more affordable destinations, such as Vietnam, Myanmar and Cambodia.

bitcoinisbest

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Quote from: Vishnu.Reang on July 28, 2020, 04:39:50 AM

Quote from: iv4n on July 23, 2020, 04:30:20 AM

Asia is too big, and everything there is big, so does gambling industry. Macau is bigger than all other gambling cities, and they wager more money there then anywhere else in the world.

Macau is one of the most law-abiding territories in Asia. It is well known for its gambling industry, but organized crime and fixing is very rare. Most of the casinos are owned by well known companies. And perhaps that is the reason why many of the Chinese and other gamblers prefer less well known destinations such as Cambodia and Vietnam.

After Las Vegas, Macau is the most visited place for gambling. If not mistaken even gambling constitute to 85% contribution in their economy. So it is all gambling and the tourist that comes to visit Macau. Also, people who cannot afford to travel Vegas, ensure that they do visit Macau to enjoy the gambling and nightlife out there. Since China and Macau are quite close by so people do visit on Friday night and then go back to China on Sunday.

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Quote from: iv4n on July 23, 2020, 04:30:20 AM

Quote from: bhadz on July 22, 2020, 10:35:15 AM

Quote from: Vishnu.Reang on July 20, 2020, 04:41:06 AM

In countries such as Vietnam, Cambodia and Laos, the gambling industry is mostly owned by the Chinese nationals. In mainland China, gambling is banned. And therefore those who can't travel to Macau normally come to these nations to visit the casinos. It is a mutually beneficial relation, but there are some negatives as well.

Could that mean that most Asian countries, they are the majority owner of those casinos? I didn't know that they have that much casinos although in movies, I used to watch that they really are into gambling.

Quote from: Vishnu.Reang on July 20, 2020, 04:41:06 AM

Growth in organized crime and money laundering are some of the negative side effects.

That's like the corruption that happens.

Asia is too big, and everything there is big, so does gambling industry. Macau is bigger than all other gambling cities, and they wager more money there then anywhere else in the world.
It's how it is when you have huge population and masses, everything that is done is done on a big scale. And of course where is money and people there's corruption, system exploitation, you name it, you can find whatever you want there, for money of course.

Yes and its part of reality and its really hard to avoid such stuffs as long theres big money that circulates then expect for these things to exist. There are places which are law-abiding and there are places
that do really had that illegal stuff.

When it comes to places that becomes big and generating billions then expect that someone is on top who've been protecting this one.It wont really be that huge if theres no one
behind the scene.

Corruption, fixed games etc. is always there.

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Quote from: iv4n on July 23, 2020, 04:30:20 AM

Asia is too big, and everything there is big, so does gambling industry. Macau is bigger than all other gambling cities, and they wager more money there then anywhere else in the world.

Macau is one of the most law-abiding territories in Asia. It is well known for its gambling industry, but organized crime and fixing is very rare. Most of the casinos are owned by well known companies. And perhaps that is the reason why many of the Chinese and other gamblers prefer less well known destinations such as Cambodia and Vietnam.

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Quote from: Juggy777 on May 31, 2020, 12:04:27 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.

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.

Isn't this the normal way scammers do?luring either gambler or investors and paying the people with small amount thinking that they already gather too much money?

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.

exactly the point,i dont know why there are still victim these scammers when there are already existing gambling site that legit and standing for many years now?

Quote

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)

thanks for this ,will use as reference and spread to my friends as well.

iv4n

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Quote from: bhadz on July 22, 2020, 10:35:15 AM

Quote from: Vishnu.Reang on July 20, 2020, 04:41:06 AM

In countries such as Vietnam, Cambodia and Laos, the gambling industry is mostly owned by the Chinese nationals. In mainland China, gambling is banned. And therefore those who can't travel to Macau normally come to these nations to visit the casinos. It is a mutually beneficial relation, but there are some negatives as well.

Could that mean that most Asian countries, they are the majority owner of those casinos? I didn't know that they have that much casinos although in movies, I used to watch that they really are into gambling.

Quote from: Vishnu.Reang on July 20, 2020, 04:41:06 AM

Growth in organized crime and money laundering are some of the negative side effects.

That's like the corruption that happens.

Asia is too big, and everything there is big, so does gambling industry. Macau is bigger than all other gambling cities, and they wager more money there then anywhere else in the world.
It's how it is when you have huge population and masses, everything that is done is done on a big scale. And of course where is money and people there's corruption, system exploitation, you name it, you can find whatever you want there, for money of course.

bhadz

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Quote from: Vishnu.Reang on July 20, 2020, 04:41:06 AM

In countries such as Vietnam, Cambodia and Laos, the gambling industry is mostly owned by the Chinese nationals. In mainland China, gambling is banned. And therefore those who can't travel to Macau normally come to these nations to visit the casinos. It is a mutually beneficial relation, but there are some negatives as well.

Could that mean that most Asian countries, they are the majority owner of those casinos? I didn't know that they have that much casinos although in movies, I used to watch that they really are into gambling.

Quote from: Vishnu.Reang on July 20, 2020, 04:41:06 AM

Growth in organized crime and money laundering are some of the negative side effects.

That's like the corruption that happens.

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Quote from: erikoy on July 22, 2020, 04:03:56 AM

Quote from: passwordnow on July 22, 2020, 03:01:21 AM

Quote from: bitcoinst on July 20, 2020, 06:11:21 AM

The most negative side effect of all this is that during such machinations the level of corruption in the country increases at the highest levels, which further spreads to other spheres of government.
Even developed countries face this, but in less developed countries it is a much more serious problem because these countries themselves are poor and the living standards of the population are low.

In the developing countries, there's more under the table than following the regulations. Some officials show that they are the law and don't have to go that far because they are scaring their subordinates and show how superior they are.
I think that process won't be changed if the officials are benefiting on it. That won't stop unless there's a higher official that want this to stop.

So, this is now one of the disadvantage of having an online casino. The safety of the gamblers on their deposits could be compromise. However, there could be some ways that these could be prevented. But in my case it would be good to join a good gambling platform that are establish. There is lesser chances that events like this could happen. At some point, the platform of an establish online gambling casino were being tested already by the users and it will be lesser to encounter errors in technical aspects.

I believe that the casino will give safety to the gamblers in their own way because they don't want to see their customers leave them sad. Choosing a good gambling platform will be one solution for the gamblers to feel safe from bad situations, and they can avoid the errors because we don't know when the error will happen. The good online gambling casino will pass the test to prove to the customer that they can be trusted.

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Quote from: passwordnow on July 22, 2020, 03:01:21 AM

Quote from: bitcoinst on July 20, 2020, 06:11:21 AM

The most negative side effect of all this is that during such machinations the level of corruption in the country increases at the highest levels, which further spreads to other spheres of government.
Even developed countries face this, but in less developed countries it is a much more serious problem because these countries themselves are poor and the living standards of the population are low.

In the developing countries, there's more under the table than following the regulations. Some officials show that they are the law and don't have to go that far because they are scaring their subordinates and show how superior they are.
I think that process won't be changed if the officials are benefiting on it. That won't stop unless there's a higher official that want this to stop.

So, this is now one of the disadvantage of having an online casino. The safety of the gamblers on their deposits could be compromise. However, there could be some ways that these could be prevented. But in my case it would be good to join a good gambling platform that are establish. There is lesser chances that events like this could happen. At some point, the platform of an establish online gambling casino were being tested already by the users and it will be lesser to encounter errors in technical aspects.

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Quote from: bitcoinst on July 20, 2020, 06:11:21 AM

The most negative side effect of all this is that during such machinations the level of corruption in the country increases at the highest levels, which further spreads to other spheres of government.
Even developed countries face this, but in less developed countries it is a much more serious problem because these countries themselves are poor and the living standards of the population are low.

In the developing countries, there's more under the table than following the regulations. Some officials show that they are the law and don't have to go that far because they are scaring their subordinates and show how superior they are.
I think that process won't be changed if the officials are benefiting on it. That won't stop unless there's a higher official that want this to stop.

Topic: Vietnam bursts an illegal casino who used to handle bets worth $3 billions - page 5. (Read 3550 times)