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.