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 […]
Temporary closure of casinos around the world disrupted the core of the gaming industry and forced casino operators to take some unpopular measures to maintain the necessary operability state to be able to resume business the moment the ongoing health crisis resides. One thing is certain, though: burning cash reserves is inevitable. Donaco International, the […]
