Topic: Vietnam bursts an illegal casino who used to handle bets worth $3 billions - page 9. (Read 3525 times)
June 21, 2020, 08:36:18 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.
June 21, 2020, 08:26:23 AM
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.
Given that this is an online casino, they only need to change their jurisdiction and work on a "muddy" scheme of depositing/refunding a deposit. After that, the casino will continue to work and even honest officials will have little chance of catching these businessmen for violating local laws.
June 21, 2020, 06:36:01 AM
Vietnam authorities are claiming to burst an online casino that used to handle bets worth $3 billion, ...
Used to? Therefore it means they've only had 3Billion in the past yet where is it now? Maybe they've given it back before they have closed. But do you have the link of proof that their gambling site spread across the whole world ending up scamming a lot of users? And if all the article stated was fact, why are there no user's in here posting a thread about such scam? I don't know vietnam but I think suppressing casinos and having high standards in online gambling organizations would simply urge vietnameses to operate underground.
June 21, 2020, 03:52:10 AM
Are you interested in that "Saint"-loup? See what I did there? Lol
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.
Thank you but I was talking to iv4n. And I don't think it's your alt account since you replied to him... 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.
BTW do you know, or someone else, urls of casinos in the deep web ?
In my country we must report to the tax authorities every single account able to receive cryptos we open.
Maybe other users here can advise you other options.
June 21, 2020, 03:48:35 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)
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?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)
also same problem almost the whole Asian community that there are these kind of gambling operator that making Money without being traced and took a longer time before paying their mistakes.
There are a lot of corrupt official behind this
and those corrupt official must be in Bars also together with this operators.
June 21, 2020, 12:45:06 AM
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.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!
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.
That's what you called under the table. There's no doubt they have powerful connections to survive without being busted by the authorities for so long. More than likely, they spent a lot of grease money. And maybe, some are not happy anymore with what they are getting, so somebody spilled the beans to the authorities.
Considering the amount of bet worth was $3billions then it just cannot be done without any top people involvement in it. Also surely they had some big players in the casinos which help them made this big amount worth else nobody could do this so easily. Now all of them may be behind the bars and must give a very huge penalty as well.
June 21, 2020, 03:37:01 AM
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.
June 21, 2020, 03:06:56 AM
No problem bro, it was just a (very funny) joke.
BTW do you know, or someone else, urls of casinos in the deep web ?
In my country we must report to the tax authorities every single account able to receive cryptos we open.
No worries. It's an "okay" joke. Lol BTW do you know, or someone else, urls of casinos in the deep web ?
In my country we must report to the tax authorities every single account able to receive cryptos we open.
I don't know, I'm not particularly participating in deep web stuff, especially relating to gambling. Anyways, the tax in your country might be hard to track in terms of how many holdings you have, etc? Isn't it? Or it's voluntary as well when it comes to that?
June 21, 2020, 02:24:12 AM
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.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!
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.
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.
June 21, 2020, 12:24:37 AM
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.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!
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.
That's what you called under the table. There's no doubt they have powerful connections to survive without being busted by the authorities for so long. More than likely, they spent a lot of grease money. And maybe, some are not happy anymore with what they are getting, so somebody spilled the beans to the authorities.
June 20, 2020, 06:34:14 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.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!
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.
June 20, 2020, 05:17:13 PM
Are you interested in that "Saint"-loup? See what I did there? Lol
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.
Thank you but I was talking to iv4n. And I don't think it's your alt account since you replied to him... 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.
BTW do you know, or someone else, urls of casinos in the deep web ?
In my country we must report to the tax authorities every single account able to receive cryptos we open.
June 20, 2020, 04:54:27 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!
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!
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.
June 20, 2020, 02:03:22 AM
I strongly believe that gambling should be legal in every country but unfortunately it is not.
Thats not how it works. You know there are anti-gambling organizations which attempt to gain political power just like other anti-establishment movements? Their work is racketeer casinos to pay them to keep their mouths shut or else they will smear them.They will start to protest and cause anarchy if no listened to and hence government have to make a compromise. Just like Vietnam, gambling is illegal in many countries but they have learnt methods to make loopholes in the law and allow gambling in lieu of those loopholes.
Quote
Illegal things also make money for the government but it has to do more work by shutting them down and seizing assets.
One or two getting busted is not a big deal. There are hundreds of them operating. Its just the tip of the iceberg. 
Quote
I'm sure he made a lot of money from it before he was shut down.
Dont worry about him, they will be back after a year or so once they find everything settled. You just need to pay some bribes and get everything working again. June 20, 2020, 12:34:23 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.
BTW do you know, or someone else, urls of casinos in the deep web ?
In my country we must report to the tax authorities every single account able to receive cryptos we open.
June 19, 2020, 05:53:21 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.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.
BTW do you know, or someone else, urls of casinos in the deep web ?
In my country we must report to the tax authorities every single account able to receive cryptos we open.
June 19, 2020, 04:03:00 AM
Communist country so not that surprising, unless you are attached to the government or military with troops underneath you then you dont own anything; you may be allowed to exist but that is the exception. Things we take for granted like private enterprise, profits and capital are crimes against the hierarchy in quite a few places. Sadly not every part of the world recognises the benefit of allowing freedom and how it creates business.
I would guess this casino was already paying certain officials just to get this far but eventually its taking money away from the official main government operation hence its gone, maybe the operator lapsed in their bribes for this month and received a lesson.
Hey also got greedy, I mean taking houses as a collateral is maybe good for profits, but doing this sorts of things puts you in the sight of the public and the government ... They should have kept their head down and continue a silent underground operation. I would guess this casino was already paying certain officials just to get this far but eventually its taking money away from the official main government operation hence its gone, maybe the operator lapsed in their bribes for this month and received a lesson.
June 19, 2020, 03:44:55 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 19, 2020, 01:35:00 AM
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.
Even if their government close the online gambling, that will not stop the other online gambling from starting their website to attract the other gamblers. Illegal online gambling or illegal local casino will operate in another place to avoid the government because they don't have a license to operate the gambling place. However, if the government can give the license to the local casino, I think it can be a solution for some gamblers not to hide their gambling activity. But the government needs to be strict with their rule, and they will punish the casino, which allows young people who come to that casino.
June 18, 2020, 07:45:48 PM
Communist country so not that surprising, unless you are attached to the government or military with troops underneath you then you dont own anything; you may be allowed to exist but that is the exception. Things we take for granted like private enterprise, profits and capital are crimes against the hierarchy in quite a few places. Sadly not every part of the world recognises the benefit of allowing freedom and how it creates business.
I would guess this casino was already paying certain officials just to get this far but eventually its taking money away from the official main government operation hence its gone, maybe the operator lapsed in their bribes for this month and received a lesson.
I have an interest in some companies which have no choice but to allow 50% of the operation to held by government, means officials have their hands in every pocket and kinda reminds me of the mafia really.
I would guess this casino was already paying certain officials just to get this far but eventually its taking money away from the official main government operation hence its gone, maybe the operator lapsed in their bribes for this month and received a lesson.
I have an interest in some companies which have no choice but to allow 50% of the operation to held by government, means officials have their hands in every pocket and kinda reminds me of the mafia really.
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