Vietnam to Allow Betting on Overseas Matches

Lawmakers in Vietnam approved of a bill that will allow gamblers to place wagers on overseas football matches, although implementation won't be brought in until next year.

Vietnam's National Assembly approved of the measure, which will legalize the activity in order to stem the flow of money leaving the country to offshore operators. Under the law, a single operator will be licensed and able to offer bets through their outlets. The license will be granted by the Ministry of Finance. Illegal gambling is a huge business in Vietnam, with illicit operators generating billions of dollar in wagers annually. Just last year a police sting showed that one ring had an operation worth more than $300 million.

With a timetable of implementation coming next year, it's likely that we'll be seeing meaningful developments coming in the next few months. Stick with Casino Listings News as we follow this story and update readers as we learn more.

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bgsharpe
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19 June 2018 - 11:01am
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That seems to be a very reasonable move from the Vietnamese lawmakers and it probably should be done earlier, they've missed the chance to exploit this years World Cup of football and probably collect a huge amount in fees which now could still leave the country as illegal bets through the criminal gambling rings.

krcoolsongss
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19 June 2018 - 1:36pm
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Wow, this is a kind of big news. It is very very rare to allow this kind of betting in communist countries.
Vietnamese really like gambling and betting which are booming in the black market, so in that sense it is better to have some legal entities to handle this kind of overseas betting.