Police in Hanoi busted an illegal gambling ring accepting bets on movements in the foreign exchange (FX) market and arrested the man who ran it, according to the report from the Ministry of Public Security last week. Wealth and Luxury Lifestyle The organizer of the gambling ring, 38-year-old Dao Minh Sang, set up three online […]
Vietnam may be exploring new ways to boost its tourism industry and recover from the COVID-19 pandemic. One of those is the addition of casinos at five-star hotels in Ho Chi Minh City, as proposed by the People’s Committee of Vietnam. Local activists and lawmakers have already pitched the idea to the National Assembly and […]
Vietnam has become the latest Asian country to ease up on its COVID-19 measures in a bid to bring in international travelers and restart its land-based gambling industry. The country is now dismantling its border restrictions introduced due to the pandemic and will seek to court travelers, tourists, and gamblers back. Vietnam Removes COVID-19 Restrictions […]
Asian countries generally take a dim view of gambling when it involves their own citizens playing games of chance. However, attitudes may be changing slightly as the global pandemic has bitten in tourism revenue and new sources of income are sorely needed. As a result, Vietnam’s Ministry of Finance has suggested that its pilot program […]
Galaxy Entertainment Group’s former executive Jit Ng has been appointed as Hoiana’s new chief marketing officer (CMO). His main responsibility will be to help the resort drive more growth in the upcoming years, under the supervision of the company’s president and chief executive officer. $4 Billion Development Plans for Hoiana Resort Reuniting state-of-the-art accommodation with […]
VNG Corp., a rapidly-growing Vietnamese online casino operator, seeks to raise as much as $300 million in investments. It is also reportedly eyeing a public launch of its shares on a US stock exchange. VNG Finds Rapid Growth Recently, reports surfaced that VNG is seeking to raise $200m to $300 million from GIC Pte., Singapore’s […]
Vietnamese police authorities have busted a crypto gambling ring estimated at $3.8 billion based on the amount of gamblers’ money contributed. The news comes from Bloomberg, citing a report by state-owned broadcaster VTV. According to the report, this is one of the largest underhand crypto gambling operations discovered in the country, with a total of 59 suspects arrested. Arrests […]
A local media report in Vietnam is blaming stringent regulations of legal sports betting in the country for the recent surge in illegal betting on soccer games seen in a period which featured both Copa America in Brazil and EURO 2020 championships. Restrictions Push Bettors to Illegal Market The report, published in VietnamNet, states that […]
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 […]
Hoiana, a $4 billion project of Hoi An South Development Co Ltd (HASD), has moved one step further after the company was granted a Casino Operating License last week, paving the way for phase 1 development of the property in Vietnam’s Quang Nam province to launch in early 2021. The license to operate a casino […]
