Thursday February 11, 2021. HIDE. NEWS Gambling in Vietnam. The Vietnamese government has traditionally criminalized gambling as a "social evil” and a capitalist weakness. This has not stopped illegal gambling dens from popping up all over the country, however, despite harsh penalties for gamblers if caught. Individuals who win more than $2000, for example, face prison sentences of two to seven years. Smaller scale gamblers face ... Gambling at casino hotels in Vietnam used to only allow in foreign players or overseas Vietnamese with a non-Vietnamese passport. The favorable news for the locals now is that the gambling regulations in Vietnam have been relaxed. According to Decree 03 announced in 2017, the Government decided to allow local Vietnamese wager bets at some casinos issued by competent authorities as part of the investment projects on boosting tourism services and entertainment complexes at Van Don, Quang Ninh ... Vietnam-casino.com is part of Casino Nation, a global gaming and gambling network consisting of online casinos, igaming portals, news sites, video platforms, vlogs & blogs. The software and underlying technology of this website are provided by the company Vegassoft . Any lack of legal options strongly incentivizes the potential for illegal ones to appear, the recent developments in Vietnam proved, where the police in Hanoi has made a second major illegal gambling bust for the month. Having cracked on a gambling ring at the beginning of May estimated to have transacted in the region of $858 million since January 2019, the police now busted another one ... Latest Casino and Gambling News, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships, Vietnam In central Vietnam and two of the firms behind the under-construction Hoiana integrated casino resort have reportedly agreed to provide the giant project with a loan worth approximately $60 million. The law does not require any gambling operator to pay any player who has not really won and the reasoning is simple (according to Professor I. Nelson Rose, Whittier Law School, Costa Mesa, CA):- 1) Gaming operators make their profits by having a statistical edge in every game. This requires that the games pay off as designed. A single false jackpot on a wide area linked progressive could wipe ...
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