Vietnam bursts an illegal casino who used to handle bets worth $3 billions

[Viscore]

There is no way to push gambling at their place.
https://calvinayre.com/2020/09/23/business/vietnam-dumb-betting-rules-encourage-illegal-sportsbooks/

It is to think that the authorities never allow their people to go gambling without their permission and regulations. And that supposed to happen when someone runs any business illegally. They don't want to make their people got into trouble, addicted, and suffered losses into someone that has never paid taxes to the government. Well, if they run Casinos legally, there is no case like this to happen with them.

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[maydna]

~snip~

if that is the case then offline gambling places will not be free and for sure they will try to change the function to online gambling places because I am sure when the government starts looking for illegal gambling places they will definitely want to try to get and collect taxes from that gambling place so that the profits are made will be seen all.

Not really. Because I am sure illegal offline gambling places will always be there. The illegal casino will slip around out from the government without the government's can find those places. The illegal casino is like a mafia, they can operate in any places without guessing, and only a few people know that.

But if the government caught the illegal casino, they will force the casino to become legal so that the government can watch their operations, and of course, the government can get taxes from them.

[bryant.coleman]

Not really. Because I am sure illegal offline gambling places will always be there. The illegal casino will slip around out from the government without the government's can find those places. The illegal casino is like a mafia, they can operate in any places without guessing, and only a few people know that.

But if the government caught the illegal casino, they will force the casino to become legal so that the government can watch their operations, and of course, the government can get taxes from them.

Illegal casinos mostly exist in places where gambling is banned. And in most cases, they have support from the corrupt officials and politicians. If they are caught, then the operators would go to jail and all the money and equipment will be seized and confiscated. In places where casinos are allowed to operate, it will be unusual to find the illegal ones operating.

[Wawa2013]

Illegal casinos are not only in countries where gambling is legal, however in some countries that prohibit gambling,
usually there are illegal casino stands too. Because many mafias or corruptor like to run a gambling business,
because the circulation of money is very large, and also the profit generated is also very large. So what the Vietnamese
government did to illegal casinos, many also do by other countries.

[maydna]

Not really. Because I am sure illegal offline gambling places will always be there. The illegal casino will slip around out from the government without the government's can find those places. The illegal casino is like a mafia, they can operate in any places without guessing, and only a few people know that.

But if the government caught the illegal casino, they will force the casino to become legal so that the government can watch their operations, and of course, the government can get taxes from them.

Illegal casinos mostly exist in places where gambling is banned. And in most cases, they have support from the corrupt officials and politicians. If they are caught, then the operators would go to jail and all the money and equipment will be seized and confiscated. In places where casinos are allowed to operate, it will be unusual to find the illegal ones operating.

The illegal casinos are too smart to smell from the officials' investigation, and they can always move to the new places to continue their business. They have a back up from the corrupt officials, which always tells them if there is an operation to chase the illegal casinos. But some illegal casinos already seized, and the owner gets jailed, but that is for formality only because in a short time, the owner will get free and the owner can rerunning the casino. But this time, they will get support from the corrupt officials because that is hot money for the officials.

[btc78]

Can't stop those type of gamblers who prefer to play more with physical casinos or online fiat casinos.

Most of the gambling sites do have multiple payment options, including cryptocurrency and fiat. If some of the users are not comfortable with cryptocurrency payments, then they can always use for payments using their bank accounts or credit cards. Only some of the gambling sites, which want to provide hundred percent anonymity for the users don't have any fiat payment options.

we can always choose which payments to use,because gambling sites means business so they dont need to stick in single payment offering when they can have them all,so players will also confident to have any availability when dealing with gambling.
and also gamblers can use VPN to escape from being trace when they play,meaning option is indeed for everyone ,what is important is gambling operator will profit and gamblers will lose.

[JohnBitCo]

Can't stop those type of gamblers who prefer to play more with physical casinos or online fiat casinos.

Most of the gambling sites do have multiple payment options, including cryptocurrency and fiat. If some of the users are not comfortable with cryptocurrency payments, then they can always use for payments using their bank accounts or credit cards. Only some of the gambling sites, which want to provide hundred percent anonymity for the users don't have any fiat payment options.

we can always choose which payments to use,because gambling sites means business so they dont need to stick in single payment offering when they can have them all,so players will also confident to have any availability when dealing with gambling.
and also gamblers can use VPN to escape from being trace when they play,meaning option is indeed for everyone ,what is important is gambling operator will profit and gamblers will lose.

The more the payment options are included in gambling casino, it will be convenient for the gamblers to play with the currency / coin of their own choice. This applies for both the fait and crypto gambling sites.

Not really. Because I am sure illegal offline gambling places will always be there. The illegal casino will slip around out from the government without the government's can find those places. The illegal casino is like a mafia, they can operate in any places without guessing, and only a few people know that.

But if the government caught the illegal casino, they will force the casino to become legal so that the government can watch their operations, and of course, the government can get taxes from them.

Illegal casinos mostly exist in places where gambling is banned. And in most cases, they have support from the corrupt officials and politicians. If they are caught, then the operators would go to jail and all the money and equipment will be seized and confiscated. In places where casinos are allowed to operate, it will be unusual to find the illegal ones operating.

In places where gambling is not banned, the illegal casinos also exists there. Sone of them are not registered and do not have the license, so these are also categorized as illegal casinos.

[bryant.coleman]

The illegal casinos are too smart to smell from the officials' investigation, and they can always move to the new places to continue their business. They have a back up from the corrupt officials, which always tells them if there is an operation to chase the illegal casinos. But some illegal casinos already seized, and the owner gets jailed, but that is for formality only because in a short time, the owner will get free and the owner can rerunning the casino. But this time, they will get support from the corrupt officials because that is hot money for the officials.

The problem with running an illegal casino is that it is not practical to bribe all the bureaucrats and politicians. Obviously they will have a few in their payroll, but the others will try to hurt the business. Sometimes the casino may be owned by politicians or other high ranking officials. Even in such cases, they will find themselves in trouble when the owner loses his power or influence.

[Debonaire217]

The problem with running an illegal casino is that it is not practical to bribe all the bureaucrats and politicians. Obviously they will have a few in their payroll, but the others will try to hurt the business. Sometimes the casino may be owned by politicians or other high ranking officials. Even in such cases, they will find themselves in trouble when the owner loses his power or influence.

Basically, the problem here is why there's a need to bribe and run an illegal casino? When they can follow jurisdictions and earn money legally? Casinos especially physical casinos are business with huge profits. That is because people needs to pay tons of fees and taxes. Plus most of the millionaires also spend huge portion of their fund just to experience the fun.

IMO, running an illegal gambling is just a waste of time just like casinos in Vietnam. They are just wasting the skills of developers in creating online casinos that should be used to build legal projects.

[rodskee]

The illegal casinos are too smart to smell from the officials' investigation, and they can always move to the new places to continue their business. They have a back up from the corrupt officials, which always tells them if there is an operation to chase the illegal casinos. But some illegal casinos already seized, and the owner gets jailed, but that is for formality only because in a short time, the owner will get free and the owner can rerunning the casino. But this time, they will get support from the corrupt officials because that is hot money for the officials.

The problem with running an illegal casino is that it is not practical to bribe all the bureaucrats and politicians. Obviously they will have a few in their payroll, but the others will try to hurt the business. Sometimes the casino may be owned by politicians or other high ranking officials. Even in such cases, they will find themselves in trouble when the owner loses his power or influence.

that is not correct,Illegal casinos are really making money for long time now because they are bribing people inside the government and sometimes they are the one who runs the Law.
specially in countries were the laws is not that strong and manipulated by millionaires.
and Casino owners are one of those Millionaires that runs the government and pays the people to keep silent.

[carlisle1]

~snip~

if that is the case then offline gambling places will not be free and for sure they will try to change the function to online gambling places because I am sure when the government starts looking for illegal gambling places they will definitely want to try to get and collect taxes from that gambling place so that the profits are made will be seen all.

Not really. Because I am sure illegal offline gambling places will always be there. The illegal casino will slip around out from the government without the government's can find those places. The illegal casino is like a mafia, they can operate in any places without guessing, and only a few people know that.

and it has been in the system for long.and in all the country in the world,gambling illegally is indeed happening.

i think Vietnam is one of the most strict in gambling like Singapore so basically these kind of issue will always be on top of their target.

But if the government caught the illegal casino, they will force the casino to become legal so that the government can watch their operations, and of course, the government can get taxes from them.

Nope that is not how rules must be,Those who had been caught as illegal must be banned from having a legal papers instead let other operators
open theirs so these bad operators will not have place in the business.

[reliable]

The illegal casinos are too smart to smell from the officials' investigation, and they can always move to the new places to continue their business. They have a back up from the corrupt officials, which always tells them if there is an operation to chase the illegal casinos. But some illegal casinos already seized, and the owner gets jailed, but that is for formality only because in a short time, the owner will get free and the owner can rerunning the casino. But this time, they will get support from the corrupt officials because that is hot money for the officials.

The problem with running an illegal casino is that it is not practical to bribe all the bureaucrats and politicians. Obviously they will have a few in their payroll, but the others will try to hurt the business. Sometimes the casino may be owned by politicians or other high ranking officials. Even in such cases, they will find themselves in trouble when the owner loses his power or influence.

This is possible that not every bureaucrat would be accepting bribe and working but somehow the system is such that they would either get transfers or some pressure from the top when they act as an hindrance in between working for their business as it also involves influential people else this also things are very easy to get shut by police. Without involvement of any top people it cannot run for long.

[Pamadar]

The illegal casinos are too smart to smell from the officials' investigation, and they can always move to the new places to continue their business. They have a back up from the corrupt officials, which always tells them if there is an operation to chase the illegal casinos. But some illegal casinos already seized, and the owner gets jailed, but that is for formality only because in a short time, the owner will get free and the owner can rerunning the casino. But this time, they will get support from the corrupt officials because that is hot money for the officials.

The problem with running an illegal casino is that it is not practical to bribe all the bureaucrats and politicians. Obviously they will have a few in their payroll, but the others will try to hurt the business. Sometimes the casino may be owned by politicians or other high ranking officials. Even in such cases, they will find themselves in trouble when the owner loses his power or influence.

This is possible that not every bureaucrat would be accepting bribe and working but somehow the system is such that they would either get transfers or some pressure from the top when they act as an hindrance in between working for their business as it also involves influential people else this also things are very easy to get shut by police. Without involvement of any top people it cannot run for long.

Influences as we know it really play the big role when illegal activities are taking place.

Without any participations of a well known politicians this kind of illegal gaming won't last long, for sure they are big names
behind this that's why the owner able to manifest and generates huge amount of money before being busted.

[maydna]

~snip~

The problem with running an illegal casino is that it is not practical to bribe all the bureaucrats and politicians. Obviously they will have a few in their payroll, but the others will try to hurt the business. Sometimes the casino may be owned by politicians or other high ranking officials. Even in such cases, they will find themselves in trouble when the owner loses his power or influence.

I am not surprised if politicians or other officials own the casino because some want to grow their wealth by doing anything while they have power in the government. That is happening in many countries and places. They bribe officials who they know can help them to operate their business. The corrupt officials know how to take care of the business because they have other people who will protect those places.

~snip~

and it has been in the system for long.and in all the country in the world,gambling illegally is indeed happening.

i think Vietnam is one of the most strict in gambling like Singapore so basically these kind of issue will always be on top of their target.

That's right. It will happen like that as long as the officials are still corrupt, and the law will be hard to find. But not all officials corrupt because some officials will want to search for the corrupt officials.

~snip~

Nope that is not how rules must be,Those who had been caught as illegal must be banned from having a legal papers instead let other operators
open theirs so these bad operators will not have place in the business.

The strict country will always try to search the illegal thing, and they will not give up to get that. Once they got one or two illegal things, they will give sanctions to them. But well, that will not stop illegal casinos running the business.

[pakhitheboss]

The illegal casinos are too smart to smell from the officials' investigation, and they can always move to the new places to continue their business. They have a back up from the corrupt officials, which always tells them if there is an operation to chase the illegal casinos. But some illegal casinos already seized, and the owner gets jailed, but that is for formality only because in a short time, the owner will get free and the owner can rerunning the casino. But this time, they will get support from the corrupt officials because that is hot money for the officials.

The problem with running an illegal casino is that it is not practical to bribe all the bureaucrats and politicians. Obviously they will have a few in their payroll, but the others will try to hurt the business. Sometimes the casino may be owned by politicians or other high ranking officials. Even in such cases, they will find themselves in trouble when the owner loses his power or influence.

This is possible that not every bureaucrat would be accepting bribe and working but somehow the system is such that they would either get transfers or some pressure from the top when they act as an hindrance in between working for their business as it also involves influential people else this also things are very easy to get shut by police. Without involvement of any top people it cannot run for long.

Influences as we know it really play the big role when illegal activities are taking place.

Without any participations of a well known politicians this kind of illegal gaming won't last long, for sure they are big names
behind this that's why the owner able to manifest and generates huge amount of money before being busted.

An illegal casino with such big revenue cannot operate without the blessing of government officials. I am sure a large sum of that revenue was being paid to higher people to keep them operational. Something might have gone wrong and these guys got busted. Corruption is everywhere and in a third world country it is rampant

[bryant.coleman]

An illegal casino with such big revenue cannot operate without the blessing of government officials. I am sure a large sum of that revenue was being paid to higher people to keep them operational. Something might have gone wrong and these guys got busted. Corruption is everywhere and in a third world country it is rampant

Obviously some of the bureaucrats and the government officials will be involved in the operations. But the problem is that not all of the officials will be corrupt and also, not all of the corrupt officials will be in the payroll of the illegal business. So running an illegal casino is a risky proposition. It can get closed down and the owners prosecuted at any moment.

[peter0425]

There is no way to push gambling at their place.
https://calvinayre.com/2020/09/23/business/vietnam-dumb-betting-rules-encourage-illegal-sportsbooks/

It is to think that the authorities never allow their people to go gambling without their permission and regulations. And that supposed to happen when someone runs any business illegally. They don't want to make their people got into trouble, addicted, and suffered losses into someone that has never paid taxes to the government. Well, if they run Casinos legally, there is no case like this to happen with them.

Meaning each time they need to gamble government want to take a piece of cake/this is much better so gambling will be closely regulated.

and this is a win win situation for government.

First gamblers may not lose too much money to gamble.

second gambling operators need to be watched and collected by tax each time.

[yazher]

An illegal casino with such big revenue cannot operate without the blessing of government officials. I am sure a large sum of that revenue was being paid to higher people to keep them operational. Something might have gone wrong and these guys got busted. Corruption is everywhere and in a third world country it is rampant

Obviously some of the bureaucrats and the government officials will be involved in the operations. But the problem is that not all of the officials will be corrupt and also, not all of the corrupt officials will be in the payroll of the illegal business. So running an illegal casino is a risky proposition. It can get closed down and the owners prosecuted at any moment.

When the owners and others who are involved in this illegal activity are interrogated, those corrupt official will not sleep peacefully in their bed. They gonna think that their names are being mention in the interrogation room. The moment the authority caught these guys, that's the moment they been waiting for. Because those people can name the corrupt officials who are involved in this activity and they can clean their goverment from making this guys pay from what they have done to the country. You can understand what I'm saying if you watch the Korean movie "Master" where they caught the mastermind of the biggest networking scam in their country and managed to get through the information of who are the officials involved in that networking scam.


                                                                                                 

[bryant.coleman]

When the owners and others who are involved in this illegal activity are interrogated, those corrupt official will not sleep peacefully in their bed. They gonna think that their names are being mention in the interrogation room. The moment the authority caught these guys, that's the moment they been waiting for. Because those people can name the corrupt officials who are involved in this activity and they can clean their goverment from making this guys pay from what they have done to the country. You can understand what I'm saying if you watch the Korean movie "Master" where they caught the mastermind of the biggest networking scam in their country and managed to get through the information of who are the officials involved in that networking scam.

When an official accepts bribe on a regular basis, he is well aware that the law will catch up to him sooner or later. So he'll be prepared. A part of the proceedings will be sent to the tax heavens and the remainder will be invested in his own country under fictitious identities. Purchasing passports have become quite easy now. Nowadays you can get a citizenship in any of the Caribbean nations for as low as $100,000. After earning bribes for 3-4 years, the official can renounce his citizenship and flee to any of these islands. Since they usually don't have extradition treaties with anyone, it will be difficult for the authorities to get the official prosecuted.

[michellee]

An illegal casino with such big revenue cannot operate without the blessing of government officials. I am sure a large sum of that revenue was being paid to higher people to keep them operational. Something might have gone wrong and these guys got busted. Corruption is everywhere and in a third world country it is rampant

The illegal casino has a corrupt official besides them that they can bribe to protect their places or give info if there will be an investigation from the other officials. That illegal casino has a large income from the gamblers who always visit their place because their place is safe from the investigation. It is normal to see that happen in many countries.