This story was published more than 4 years ago.
Law enforcement in Vietnam this week announced that they've broken up an online betting ring that had generated more than $13 million in revenues.
The group was based in Vietnam, but was using a betting website that is run out of the Philippines, and had generated millions of dollars in revenues by facilitating sportsbetting services, casino games, and lottery services. Six people were taken into custody in a raid, and various pieces of evidence were taken into custody as a result.
A report filed by Vietnamese police newspaper AFP read: "The total amount of transactions from 2015 until now reached more than $13 million. The suspects admitted… organizing and participating in online gambling,"
If convicted by a court, the defendants in the case could face up to 10 years in prison.
Vietnam has been working on cracking down on illegal gambling for years, and has been apparently losing that battle, as every time a major operator is shut down two more seem to pop up and take their place. The country has been toying with the idea of allowing wagers on international soccer matches as well as horse and dog racing to satiate some of the illegal betting, but nothing has been passed through into law as of 2017.