Vietnamese Police Bust up $21.8 Million Gambling Ring

This story was published more than 6 years ago.

Last week police in Vietnam conducted a gambling raid that saw 63 people arrested and disrupted an operation that had taken in more than $21.8 million in wagers.

The arrest saw 63 people arrested, with the ring offering online poker as well as sportsbetting wagers on soccer, tennis, and basketball matches. The ring was taking in the wagers and then sending the money to offshore bank accounts, which could hold the money without arousing suspicion. Those arrested include Cong Hung, who ran Dream Weavers Online Services JSC, which helped run the ring. Along with the arrests, various other pieces of evidence were taken into custody.

Vietnam has been working to clamp down on gambling, with numerous raids taking place in towns and villages throughout the country. The activity of gambling is largely considered illegal for Vietnamese citizens. The country is currently mulling the legalization of sportsbetting in an effort to divert some of the illegal proceeds that are being taken in by organized crime rings.

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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bgsharpe
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18 September 2016 - 3:55pm
#1

Asia has always been the region where the issues with illegal gambling are huger and obviously Vietnam is on of the most affected countries.
I don't know obviously the problem is too huge and I doubt it could be decided just by legalizing of the sports betting but that could be a good start I guess.

lvblck
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18 September 2016 - 5:44pm
#2

21.8 million is a quite big amount for an organization run by 63 people.This only makes me wonder how much more gangs there are.