Vietnam bursts an illegal casino who used to handle bets worth $3 billions - page 8.

ethereumhunter

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Quote from: batang_bitcoin on June 25, 2020, 10:07:40 AM

Quote from: ethereumhunter on June 25, 2020, 03:02:35 AM

Quote from: batang_bitcoin on June 24, 2020, 05:20:11 AM

They can legally run the casino if they're earning big. What I don't understand with these business operations from huge casinos is why they have to bribe if they can easily register and get permits from the government to continue their operations without any hassle.
Except those casinos that are operating in countries whereas it's illegal to run a casino.

I am sure they can do that easily, especially if they make big money from the casino. But each casino owner will have a different reason for making their casino legal or not because there still big casinos out there, but they don't get any license from the government. But if they can register their casino, I think that will work only for the formality in the government's eyes, so they don't try to ask for the "hot money."

Except with the reason of being prohibited to operate due to the permanent ruling of their government. What could be any possible reason that these owners can think of why they can't register and make their business legal?
It's more professional and they don't have to think of chase whenever the authorities goes visit and check them because they have legal papers to show if they are registered.

Maybe they still want to operate in the underground without paying more money to the government. Or they can register their casino legally, but they still pay some officers to help them. They need to give many documents to verification and validation, including all of their bank account, so the regulations are not checked their business because if one casino wants to register. That will not be good if the owner still wants to cover the other business. But we don't know what they will do so that we could guess only.

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Quote from: kawetsriyanto on June 25, 2020, 05:28:26 PM

Is this because of the greed of casino owners who want to only get profit without having to pay taxes or other fees to the country? To be sure, if this is an illegal act, surely the Vietnamese government will take firm action against it. Destroying the online casino business that gives high stakes might be risky. However, if not, it can also be detrimental to many parties. including actually the gamblers themselves. And why is the casino just unfolding now? Is there any other parties that know about this previously and only silent because of something?

I think there can play a lot of factors. Such large-scale affairs, as a rule, never do without politics. Always someone gives permission to take bribes and close their eyes on a particular illegal activity.
And when someone becomes dissatisfied with their share, or a change of power occurs, we observe similar events that seem slightly unbelievable.

ene1980

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Quote from: alani123 on June 24, 2020, 05:21:13 AM

The mere use of the word 'illegal' is only defined by governments. In the case outlined in the OP the players must have been harmed more than the platform. Imagine how many players would have lost money on that 'bust'.

As long as you are living in a society governed by a set of rules you are bound to follow the rules, the situation here is that they were crediting people who are not having money to gamble and pushing them to debt that cannot be sorted out and that is not an enviornment any government would want and may be that is the reason they were busted as things were getting out of hand if not they would have paid off everyone to sort these situation as it was a billion dollar business.

Quote from: alani123 on June 24, 2020, 05:21:13 AM

The government could have taxed the earnings of the casino and would have been better off long term. Instead they opted to be short sighted to seize the large sum of money, seize everything and force the casino to shut down. This is exactly why governments shouldn't be trusted.
I think this is a good example of why the robustness BTC can offer to players and platforms should not be underestimated.

This is not even a reason to hate the government, you need to have regulation and the gamling house should not steal your money and for that you need to have a legal body to monitor everything, if you trust in fairness then you will not find it hard and paying off after getting caught is not always a great solution.

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Quote from: alani123 on June 24, 2020, 05:21:13 AM

The mere use of the word 'illegal' is only defined by governments. In the case outlined in the OP the players must have been harmed more than the platform. Imagine how many players would have lost money on that 'bust'. The government could have taxed the earnings of the casino and would have been better off long term. Instead they opted to be short sighted to seize the large sum of money, seize everything and force the casino to shut down. This is exactly why governments shouldn't be trusted.
I think this is a good example of why the robustness BTC can offer to players and platforms should not be underestimated.

While I understand the sentiment we cannot really choose which laws to follow, in this particular case the ones that were in the wrong were the owners of the illegal casino, and the players playing there probably knew of this and they still decided to play there and assume the risk of losing their money if this were to happen, if the owners of this casino wanted to make their operation legal then they should have tried to change the law before they established their casino and convince the government it was on their best interest to do so thanks to all the tax revenue they will generate, but that argument cannot be used after the fact to try to justify their actions now they have been busted.

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Quote from: peter0425 on June 24, 2020, 04:55:27 AM

Quote from: aioc on June 21, 2020, 02:37:01 AM

Quote from: KTChampions on June 20, 2020, 03:54:27 PM

All such large illegal businesses operate under the control of corrupt officials. Apparently this casino had big patrons. And after this scandal happened, it’s not at all a fact that the casino will be completely closed - perhaps it will only change signboards and will come under the control of another group of corrupt officials.

There are a lot of corrupt official behind this, they cannot operate a casinos that handle $3 billion worth of money and since they are making huge money they can pay corrupt officials to back them up, I also do not see this illegal gambling ends, once the operators are freed they will just change their name, but this time they will be more careful or add more officials to bribe.

What canw e expect from Illegal Operator?

they surely Put Big amount of money Outside the Business to payroll government officials for safeties.

I don't know what happened because they are being exposed but i'm sure there os big fish behind this.

They can even survive if they give bribe to the police. Police and the law enforcement agencies are indirectly involved in illegal's activities and most of the criminals activities are backed by these people who were suppose to enforce the law but unfortunately get money and let the illegals' activities grow in the city. Unless you have a strict system to control these corrupt officials, you cannot control the crime.

kawetsriyanto

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Is this because of the greed of casino owners who want to only get profit without having to pay taxes or other fees to the country? To be sure, if this is an illegal act, surely the Vietnamese government will take firm action against it. Destroying the online casino business that gives high stakes might be risky. However, if not, it can also be detrimental to many parties. including actually the gamblers themselves. And why is the casino just unfolding now? Is there any other parties that know about this previously and only silent because of something?

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Quote from: alani123 on June 24, 2020, 05:21:13 AM

The mere use of the word 'illegal' is only defined by governments. In the case outlined in the OP the players must have been harmed more than the platform. Imagine how many players would have lost money on that 'bust'. The government could have taxed the earnings of the casino and would have been better off long term. Instead they opted to be short sighted to seize the large sum of money, seize everything and force the casino to shut down. This is exactly why governments shouldn't be trusted.
I think this is a good example of why the robustness BTC can offer to players and platforms should not be underestimated.

An interesting point of view, but governments believe that if projects/businesses use public infrastructure and do not pay taxes, they steal. And I must say there is a sense in such an opinion. As for the consequences of closing this business, these are the inevitable consequences of justice. When a killer is sent to prison, a lot of people (his relatives, creditors, etc.) suffer in a similar way.

South Park

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Quote from: milewilda on June 20, 2020, 05:34:14 PM

Quote from: DarkDays on June 18, 2020, 05:00:02 PM

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!

Its really incredible that it did really become so big without being bust up for a long time which we can presume out that there are people whom do protect such illegal casino.
They might be hiding from taxes but they do pay up the ones who do handle out to maintain up their operation without getting too much attention from the outside or in governments vicinity.
Its not really something new because illegal things do work on that way thats why they havent been caught for too long but this one had been burst up but there are still lots of them
havent been detected or found up yet.

I agree, with an operation as large as this it is impossible to be under the radar, many powerful people knew about this illegal operation and they either turned a blind eye, they were bribed or they were part of the operation on the first place, what surprises me is why people with an ability to manage such a complex business decided to go through an illegal route to make money? They could have established a casino in a country in which this was legal or they could have created an online casino as well, why waste your talents in something that sooner or later will come crashing down?

batang_bitcoin

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Quote from: ethereumhunter on June 25, 2020, 03:02:35 AM

Quote from: batang_bitcoin on June 24, 2020, 05:20:11 AM

They can legally run the casino if they're earning big. What I don't understand with these business operations from huge casinos is why they have to bribe if they can easily register and get permits from the government to continue their operations without any hassle.
Except those casinos that are operating in countries whereas it's illegal to run a casino.

I am sure they can do that easily, especially if they make big money from the casino. But each casino owner will have a different reason for making their casino legal or not because there still big casinos out there, but they don't get any license from the government. But if they can register their casino, I think that will work only for the formality in the government's eyes, so they don't try to ask for the "hot money."

Except with the reason of being prohibited to operate due to the permanent ruling of their government. What could be any possible reason that these owners can think of why they can't register and make their business legal?
It's more professional and they don't have to think of chase whenever the authorities goes visit and check them because they have legal papers to show if they are registered.

ethereumhunter

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Quote from: Casdinyard on June 23, 2020, 08:03:39 AM

Quote from: ethereumhunter on June 23, 2020, 07:27:19 AM

We know that the big operators can easily find the corrupt government employees and pay them for some money just to secure their business from the law. It is not a problem for the big operators to spend some money to make more money if the casino can be safe from the tracking. I think that is happening in many countries that running illegal things, not just casinos, but sooner or later, their illegal business will get caught by the honest police.

Indeed that vietnam is recently focusing and taking an immediate action on those illegal and unregistered businesses (gambling) but I don't think big fishes is that enough for them to really control the vast illegal gamblers in their country, some uses online and virtual private networks despite the Vietnam's internet policies. Hence, I think they would need a much stronger bill/law if they would really want to be against gambling.

Before they make a stronger bill/law, they need to discipline the corrupt people on the government because that will no use if they can still break the law. No matter how good the bill/law, if the human still not change to the better side, we will not see any change at all. The bill/law should reach for the gambling industry on the internet because when something is on the internet, people or even the site can still hide from the government's blocking.

ethereumhunter

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Quote from: batang_bitcoin on June 24, 2020, 05:20:11 AM

Quote from: ethereumhunter on June 23, 2020, 07:27:19 AM

We know that the big operators can easily find the corrupt government employees and pay them for some money just to secure their business from the law. It is not a problem for the big operators to spend some money to make more money if the casino can be safe from the tracking. I think that is happening in many countries that running illegal things, not just casinos, but sooner or later, their illegal business will get caught by the honest police.

They can legally run the casino if they're earning big. What I don't understand with these business operations from huge casinos is why they have to bribe if they can easily register and get permits from the government to continue their operations without any hassle.
Except those casinos that are operating in countries whereas it's illegal to run a casino.

I am sure they can do that easily, especially if they make big money from the casino. But each casino owner will have a different reason for making their casino legal or not because there still big casinos out there, but they don't get any license from the government. But if they can register their casino, I think that will work only for the formality in the government's eyes, so they don't try to ask for the "hot money."

alani123

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The mere use of the word 'illegal' is only defined by governments. In the case outlined in the OP the players must have been harmed more than the platform. Imagine how many players would have lost money on that 'bust'. The government could have taxed the earnings of the casino and would have been better off long term. Instead they opted to be short sighted to seize the large sum of money, seize everything and force the casino to shut down. This is exactly why governments shouldn't be trusted.
I think this is a good example of why the robustness BTC can offer to players and platforms should not be underestimated.

batang_bitcoin

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Quote from: ethereumhunter on June 23, 2020, 07:27:19 AM

We know that the big operators can easily find the corrupt government employees and pay them for some money just to secure their business from the law. It is not a problem for the big operators to spend some money to make more money if the casino can be safe from the tracking. I think that is happening in many countries that running illegal things, not just casinos, but sooner or later, their illegal business will get caught by the honest police.

They can legally run the casino if they're earning big. What I don't understand with these business operations from huge casinos is why they have to bribe if they can easily register and get permits from the government to continue their operations without any hassle.
Except those casinos that are operating in countries whereas it's illegal to run a casino.

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Quote from: peter0425 on June 24, 2020, 04:55:27 AM

Quote from: aioc on June 21, 2020, 02:37:01 AM

Quote from: KTChampions on June 20, 2020, 03:54:27 PM

-Seen

What canw e expect from Illegal Operator?

they surely Put Big amount of money Outside the Business to payroll government officials for safeties.

I don't know what happened because they are being exposed but i'm sure there os big fish behind this.

I agree with all of you! To run illegal casino you need help from government! You can do it alone,
you need protection! For sure they pay for that protection, government officials, police, and many
others.
Peter0425 if you cut off one hydra head, two more would grow back in it's place, it's what I think
it will happen.

peter0425

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Quote from: aioc on June 21, 2020, 02:37:01 AM

Quote from: KTChampions on June 20, 2020, 03:54:27 PM

All such large illegal businesses operate under the control of corrupt officials. Apparently this casino had big patrons. And after this scandal happened, it’s not at all a fact that the casino will be completely closed - perhaps it will only change signboards and will come under the control of another group of corrupt officials.

There are a lot of corrupt official behind this, they cannot operate a casinos that handle $3 billion worth of money and since they are making huge money they can pay corrupt officials to back them up, I also do not see this illegal gambling ends, once the operators are freed they will just change their name, but this time they will be more careful or add more officials to bribe.

What canw e expect from Illegal Operator?

they surely Put Big amount of money Outside the Business to payroll government officials for safeties.

I don't know what happened because they are being exposed but i'm sure there os big fish behind this.

milewilda

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Quote from: plvbob0070 on June 21, 2020, 01:24:12 AM

Quote from: milewilda on June 20, 2020, 05:34:14 PM

Quote from: DarkDays on June 18, 2020, 05:00:02 PM

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!

Its really incredible that it did really become so big without being bust up for a long time which we can presume out that there are people whom do protect such illegal casino.
They might be hiding from taxes but they do pay up the ones who do handle out to maintain up their operation without getting too much attention from the outside or in governments vicinity.
Its not really something new because illegal things do work on that way thats why they havent been caught for too long but this one had been burst up but there are still lots of them
havent been detected or found up yet.

Connections from higher authorities are common in running illegal businesses in a country that's why they continue operating without getting busted. Since it's illegal in Vietnam and maybe even authorities want to gamble but since they can't, perhaps there is also a possibility that government authorities themselves are gambling there. We all know how can some of the higher officials work dirty for the sake of money.

If such huge earning casino can run in Vietnam for that long without getting caught, I bet there are also other casinos running aside from that. Also, it's not just about running away from taxes since others have already mentioned that it's illegal in Vietnam that's why they can't even get a license even if they want to.

We can really presume that would always be the case and as said its banned nor prohibited and there would be no other options but to make it underground and of course
higher authorities would really always have the power and if not then those big investors would really be on the place and for them to run longer then they would need
to pay up, not with the tax but the money needed for them not to be bust out.We dont know on how this one had been busted, either its truly being detected or
someone just really spilled out some nasty info of this illegal casinos existence.

Vishnu.Reang

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Quote from: KTChampions on June 20, 2020, 03:54:27 PM

All such large illegal businesses operate under the control of corrupt officials. Apparently this casino had big patrons. And after this scandal happened, it’s not at all a fact that the casino will be completely closed - perhaps it will only change signboards and will come under the control of another group of corrupt officials.

See.. this happens everywhere. Most probably, what happened here is that the officials were not happy with their cut and wanted an increase. However, the casino owner refused saying that he can't pay any more. The raid was a revenge attack on the casino owner, to instill fear in his mind. Now he might have increased to the new demands and at least for the next few months, the operations are going to be safe.

BitcoinTurk

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Prior to the pandemic process, such illegal betting gangs and illegal gambling gangs were operating, but they never had such serious turnover. With this news, I see that this pandemic process we have experienced has significantly increased the transaction volumes of such illegal gangs and many gamblers have not hesitated to choose this method. Yes, perhaps the amount we are talking about is not really a lot for the gambling industry, but it is still a sad thing that illegal gambling and betting games are being traded with such a high amount of money. As I see this kind of news, I understand that actually dependent gamblers like this have no fear of anything, so there was no need to close casinos and similar businesses. Although it is beneficial for everyone to have these businesses closed, unfortunately people who earn money to these illegal gambling gangs do not deserve such precautions and stay healthy in these conditions.

ethereumhunter

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Quote from: Pamadar on June 21, 2020, 02:48:35 AM

This only proves how great the Vietnam government in tracking these Big fishes though that is a huge amount and took long before being Held as liabilities under their administration because how can these Big operators can run their business illegally without being detected?

We know that the big operators can easily find the corrupt government employees and pay them for some money just to secure their business from the law. It is not a problem for the big operators to spend some money to make more money if the casino can be safe from the tracking. I think that is happening in many countries that running illegal things, not just casinos, but sooner or later, their illegal business will get caught by the honest police.

Casdinyard

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Quote from: Vishnu.Reang on June 21, 2020, 07:36:18 AM

I have made this clear multiple times. Politicians need to seriously consider legalizing and regulating gambling. Due to the progress is technology, the world has become smaller. If gambling is banned in a particular country, you can easily catch a flight and travel to another country where it is not banned. Also, you can visit online gambling sites from countries where it is legal. In the end, the country where it is illegal will be losing valuable tax revenues.

Vietnam didn't banned nor prohibits any gambling activities, as they only follow sets of rules and regulations that is already written in their law. If you would search thoroughly, they are starting to accept betting as long as they register and meet the required capital per gambling activity. The news (if you really read) only indicates (arrested to be exact) illegal and unregistered online casino, and not the Vietnam gambling in general. Here's a quote of an article:

Quote from: ethereumhunter on June 23, 2020, 07:27:19 AM

Quote from: Pamadar on June 21, 2020, 02:48:35 AM

This only proves how great the Vietnam government in tracking these Big fishes though that is a huge amount and took long before being Held as liabilities under their administration because how can these Big operators can run their business illegally without being detected?

We know that the big operators can easily find the corrupt government employees and pay them for some money just to secure their business from the law. It is not a problem for the big operators to spend some money to make more money if the casino can be safe from the tracking. I think that is happening in many countries that running illegal things, not just casinos, but sooner or later, their illegal business will get caught by the honest police.

Indeed that vietnam is recently focusing and taking an immediate action on those illegal and unregistered businesses (gambling) but I don't think big fishes is that enough for them to really control the vast illegal gamblers in their country, some uses online and virtual private networks despite the Vietnam's internet policies. Hence, I think they would need a much stronger bill/law if they would really want to be against gambling.

Topic: Vietnam bursts an illegal casino who used to handle bets worth $3 billions - page 8. (Read 3553 times)