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

[South Park]

Is this because of the greed of casino owners who want to only get profit without having to pay taxes or other fees to the country? To be sure, if this is an illegal act, surely the Vietnamese government will take firm action against it. Destroying the online casino business that gives high stakes might be risky. However, if not, it can also be detrimental to many parties. including actually the gamblers themselves. And why is the casino just unfolding now? Is there any other parties that know about this previously and only silent because of something?

I think there can play a lot of factors. Such large-scale affairs, as a rule, never do without politics. Always someone gives permission to take bribes and close their eyes on a particular illegal activity.
And when someone becomes dissatisfied with their share, or a change of power occurs, we observe similar events that seem slightly unbelievable.

Exactly, it is impossible to run such a large operation without the authorities knowing, it is true that governments can be really incompetent but with such a large operation they are bound to eventually know about it especially if powerful politicians played on that casino, as such it will be interesting to know if there was a recent shift in the political power in that area or if simply one of the two sides became too greedy and wanted all the money for themselves causing the other side to take some action.

[Vishnu.Reang]

Exactly, it is impossible to run such a large operation without the authorities knowing, it is true that governments can be really incompetent but with such a large operation they are bound to eventually know about it especially if powerful politicians played on that casino, as such it will be interesting to know if there was a recent shift in the political power in that area or if simply one of the two sides became too greedy and wanted all the money for themselves causing the other side to take some action.

In all probability what happened is that the officials became more greedy and asked the casino operators for a larger cut. But the latter refused and it resulted in all the raids and arrests. Now another set of drama will unfold. The casino owners are going to extract revenge and they would publicize the names of all those officials who were on their payroll. And once this happens, some of the smart guys will come up for negotiation, to make a deal between the two parties. We have seen all this many times before.

[Lanatsa]

Surely there is some conspiracy behind, because it cannot be first go unnoticed where 3$ billion of bets were carried out from  so long. So their is involvement of top people in this case. And then when they were involved so there has to be the reason then it could be for drugs, money laundering, real estate etc. Hope the case reveals all such things if it has happened.

Maybe, but we don't know for sure. If there is a top people in there, they will not show themselves and will stay behind the radar because that can make suspicious to the others. The drugs, money laundering, could be the reason for that, but I don't think that it is easy to reveals. I wonder if the money will be at the government's hand, and the people can not do anything.

Since its been caught on illegal operation then its no brainer that government will confiscate all of those funds and theres nothing they can do anything about it but to accept.

In scenarios like these where we can really presume out that there are big people behind the curtains that have been protecting this place and since this do happen undeground

then not only illegal casino do happen in the place and we wouldnt know that there are also other illegal things in transaction below.

[Fredomago]

Surely there is some conspiracy behind, because it cannot be first go unnoticed where 3$ billion of bets were carried out from  so long. So their is involvement of top people in this case. And then when they were involved so there has to be the reason then it could be for drugs, money laundering, real estate etc. Hope the case reveals all such things if it has happened.

Maybe, but we don't know for sure. If there is a top people in there, they will not show themselves and will stay behind the radar because that can make suspicious to the others. The drugs, money laundering, could be the reason for that, but I don't think that it is easy to reveals. I wonder if the money will be at the government's hand, and the people can not do anything.

The money will be freeze for sure and undergo trials will take place, it will shows all the possibilities some corrupt officials might be dragged if ever that there's involvement behind. This huge amount of money that been operated might have go signal from higher ranks officials. though it's still needed to show evidence of involvement,  time will reveal whoever people involves aside from the operators itself.

[ShowOff]

In scenarios like these where we can really presume out that there are big people behind the curtains that have been protecting this place and since this do happen undeground

This is a common thing in many countries. The involvement of unscrupulous state official in cases like this is very common due to various factor. Economy is the main reason. Not only about drug, money laundering, gambling and other illegal thing, but you can also find other small thing that are protected by their strength.

Although this is common knowledge, ordinary people cant do anything because they are the holders of power where you will be ignored when you want to report a crime. The most common thing in my opinion is that people can only know without being able to do something.

[ethereumhunter]

Maybe, but we don't know for sure. If there is a top people in there, they will not show themselves and will stay behind the radar because that can make suspicious to the others. The drugs, money laundering, could be the reason for that, but I don't think that it is easy to reveals. I wonder if the money will be at the government's hand, and the people can not do anything.

Since its been caught on illegal operation then its no brainer that government will confiscate all of those funds and theres nothing they can do anything about it but to accept.

In scenarios like these where we can really presume out that there are big people behind the curtains that have been protecting this place and since this do happen undeground

then not only illegal casino do happen in the place and we wouldnt know that there are also other illegal things in transaction below.

The big people will always be behind on that operation, whether on the casino site or the government side. Each group will try to force their will to others, and the group who have bigger power will get the illegal money. Sometimes the group from the government loses the chance because they don't have more people who have superior people who can push the illegal casino.

Maybe, but we don't know for sure. If there is a top people in there, they will not show themselves and will stay behind the radar because that can make suspicious to the others. The drugs, money laundering, could be the reason for that, but I don't think that it is easy to reveals. I wonder if the money will be at the government's hand, and the people can not do anything.

The money will be freeze for sure and undergo trials will take place, it will shows all the possibilities some corrupt officials might be dragged if ever that there's involvement behind. This huge amount of money that been operated might have go signal from higher ranks officials. though it's still needed to show evidence of involvement,  time will reveal whoever people involves aside from the operators itself.

That may happen if the corrupt officials don't have a backup from people who have bigger power. It will need time to get that corrupt official, so the government can also arrest them with the money. But I believe that all things will pass by the time goes, and people who corrupt will get punishment for what they did.

[peter0425]

In scenarios like these where we can really presume out that there are big people behind the curtains that have been protecting this place and since this do happen undeground

This is a common thing in many countries. The involvement of unscrupulous state official in cases like this is very common due to various factor. Economy is the main reason. Not only about drug, money laundering, gambling and other illegal thing, but you can also find other small thing that are protected by their strength.

actually this is happening around the world,even China has corrupt officials (though i don't know in North Korea)

this means unless the strict policies and concern people will participate in bringing them down i think it will
continue to progress and will gain more than the involve amount here.

Although this is common knowledge, ordinary people cant do anything because they are the holders of power where you will be ignored when you want to report a crime. The most common thing in my opinion is that people can only know without being able to do something.

I still believe that there are good eggs in the basket,yeah many are corrupt but some will still decide in favor of goodness.

So lets look in this thread when they still captured even how Big their funds is,proof that truth always prevail .

[Vishnu.Reang]

Maybe, but we don't know for sure. If there is a top people in there, they will not show themselves and will stay behind the radar because that can make suspicious to the others. The drugs, money laundering, could be the reason for that, but I don't think that it is easy to reveals. I wonder if the money will be at the government's hand, and the people can not do anything.

Even in my country, many of the illegal operations are owned by proxies of well known politicians. For example, one of the state ministers recently purchased a famous hospital in my area for around $30 million USD (it is not an illegal operation, and I quoted it just for giving an example). And in most cases, the issues arise when the politician loses his power, and still try to cling on to the business.

[ethereumhunter]

Maybe, but we don't know for sure. If there is a top people in there, they will not show themselves and will stay behind the radar because that can make suspicious to the others. The drugs, money laundering, could be the reason for that, but I don't think that it is easy to reveals. I wonder if the money will be at the government's hand, and the people can not do anything.

Even in my country, many of the illegal operations are owned by proxies of well known politicians. For example, one of the state ministers recently purchased a famous hospital in my area for around $30 million USD (it is not an illegal operation, and I quoted it just for giving an example). And in most cases, the issues arise when the politician loses his power, and still try to cling on to the business.

That is what we see in reality. I mean, the politicians will have their illegal business, and I think that is happening in many countries. We can not deny that because we even know that in many countries, some politicians corrupt still free from the law. Yes, they also have legal business besides the illegal, and they are smart enough to hide their illegal business from the others.

[peter0425]

Maybe, but we don't know for sure. If there is a top people in there, they will not show themselves and will stay behind the radar because that can make suspicious to the others. The drugs, money laundering, could be the reason for that, but I don't think that it is easy to reveals. I wonder if the money will be at the government's hand, and the people can not do anything.

Even in my country, many of the illegal operations are owned by proxies of well known politicians. For example, one of the state ministers recently purchased a famous hospital in my area for around $30 million USD (it is not an illegal operation, and I quoted it just for giving an example). And in most cases, the issues arise when the politician loses his power, and still try to cling on to the business.

That is what we see in reality. I mean, the politicians will have their illegal business, and I think that is happening in many countries. We can not deny that because we even know that in many countries, some politicians corrupt still free from the law. Yes, they also have legal business besides the illegal, and they are smart enough to hide their illegal business from the others.

as long as there are Large amount of money at stake?this RedTape will never be stopped.

I have been living in this kind of government for so many years but Lucky that our president now hate this so much so there are being Held in Jail because of similar offenses.

But i have a Big respect to the authority that arresting their co uniformed personnel.

[bitcoinst]

~snip

~snip

Exactly, it is impossible to run such a large operation without the authorities knowing, it is true that governments can be really incompetent but with such a large operation they are bound to eventually know about it especially if powerful politicians played on that casino, as such it will be interesting to know if there was a recent shift in the political power in that area or if simply one of the two sides became too greedy and wanted all the money for themselves causing the other side to take some action.

It is likely that to all this lies a division of power to one degree or another. Both options are not excluded. We don’t know what kind of money went through this casino.
After all, if it was money from drug dealers, it is possible that in this way the government carried out a shadow operation against drug trafficking in the country.

Such major events always have a double bottom.

[South Park]

Exactly, it is impossible to run such a large operation without the authorities knowing, it is true that governments can be really incompetent but with such a large operation they are bound to eventually know about it especially if powerful politicians played on that casino, as such it will be interesting to know if there was a recent shift in the political power in that area or if simply one of the two sides became too greedy and wanted all the money for themselves causing the other side to take some action.

In all probability what happened is that the officials became more greedy and asked the casino operators for a larger cut. But the latter refused and it resulted in all the raids and arrests. Now another set of drama will unfold. The casino owners are going to extract revenge and they would publicize the names of all those officials who were on their payroll. And once this happens, some of the smart guys will come up for negotiation, to make a deal between the two parties. We have seen all this many times before.

There is a high likelihood you are right, most likely whoever was getting bribed to turn their eye away became greedy and asked for more money and when this was denied he went against the casino and its owners, what I do not understand is why anyone that had the money and the skill to run such a complex operation decided to do something illegal, they could as easily established a casino in a country where this activity was legal and make money without having to worry about getting caught by the police.

[travwill]

That is what we see in reality. I mean, the politicians will have their illegal business, and I think that is happening in many countries. We can not deny that because we even know that in many countries, some politicians corrupt still free from the law. Yes, they also have legal business besides the illegal, and they are smart enough to hide their illegal business from the others.

This is a common practice. Most of all I am shocked that the biggest crimes, especially financial ones, can never do without the participation of people in power. Moreover, the highest ranks.
The largest drug traffickers of all countries are always controlled by someone from the government, only then go the police who turn a blind eye to certain crimes. I believe that such things are a crime against humanity.

[Shasha80]

Therefore in choosing an online casino we must be careful and conscientious. Not only choose based on reviews and total volumes.
But we should also check the profile of the owner and company, if the legality is guaranteed it's even better. Online casinos fraud
incident it has often happened and not only in Vietnam, but throughout the world. Then increase our vigilance in choosing online
casinos.

[adamistraybar]

lol reminds of packino in japan. its borderline stuff pretty funny points for money around corner

[DevilSlayer]

Therefore in choosing an online casino we must be careful and conscientious. Not only choose based on reviews and total volumes.
But we should also check the profile of the owner and company, if the legality is guaranteed it's even better. Online casinos fraud
incident it has often happened and not only in Vietnam, but throughout the world. Then increase our vigilance in choosing online
casinos.

A certain gambling websites cannot operate properly if they do not have license or fulfilled the regulations and rules of the government. Every countries have different laws and regulations about online gambling so whenever we will try a new online gambling, we should make sure that it fulfilled all the requirements and it legal to operate in order for sure that our money are safe.
This kind of news are not unique anymore because in the past there are a lot of illegal gambling even if it is physical or online that are been raid and foreclosed by the government because it doesn't have papers to legally operate in their country.

[ethereumhunter]

That is what we see in reality. I mean, the politicians will have their illegal business, and I think that is happening in many countries. We can not deny that because we even know that in many countries, some politicians corrupt still free from the law. Yes, they also have legal business besides the illegal, and they are smart enough to hide their illegal business from the others.

as long as there are Large amount of money at stake?this RedTape will never be stopped.

I have been living in this kind of government for so many years but Lucky that our president now hate this so much so there are being Held in Jail because of similar offenses.

But i have a Big respect to the authority that arresting their co uniformed personnel.

That is right. That is hot money that many people, including officials from the corrupt government, want because if they can get that, that will become an additional income. I also give my biggest respect and salute if there is an honest official who will work for the people because it is very difficult to find that person.

That is what we see in reality. I mean, the politicians will have their illegal business, and I think that is happening in many countries. We can not deny that because we even know that in many countries, some politicians corrupt still free from the law. Yes, they also have legal business besides the illegal, and they are smart enough to hide their illegal business from the others.

This is a common practice. Most of all I am shocked that the biggest crimes, especially financial ones, can never do without the participation of people in power. Moreover, the highest ranks.
The largest drug traffickers of all countries are always controlled by someone from the government, only then go the police who turn a blind eye to certain crimes. I believe that such things are a crime against humanity.

For ordinary people, that will be the biggest crime, but for them, it's like a normal, and they will search for other sources to get that money. Yes, it is what happens in almost all countries, and almost all of the government against them, and they still try to chase them.

[Vishnu.Reang]

Therefore in choosing an online casino we must be careful and conscientious. Not only choose based on reviews and total volumes.
But we should also check the profile of the owner and company, if the legality is guaranteed it's even better. Online casinos fraud
incident it has often happened and not only in Vietnam, but throughout the world. Then increase our vigilance in choosing online
casinos.

It is almost impossible to verify the owners of online casinos, unless they themselves come forward. In most cases, online casinos are registered in off-shore countries such as Cayman Islands and Turks and Caicos, whether it is not required to go through the KYC process. As a result, the owner remains completely anonymous, unless some individual or group busts that anonymity.

[mezzaluna]

Vietnam authorities are claiming to burst an online casino that used to handle bets worth $3 billion, and what’s surprising is despite getting such huge volumes the casino owner never felt the need to get his casino registered and operate legally.

Further he had deployed a very clever strategy where he had hired people to lure gamblers out, and then he used to pay those people fixed commissions for every deposits the gambler made through them.

Lastly I would request you’ll to wager only on reputed casinos, and check their history before you wager otherwise you may end up loosing your funds to fraudulent online casinos.

Sources:

https://calvinayre.com/2020/05/31/business/vietnam-biggest-ever-online-gambling-bust/

https://www.gamblingsites.com/online-casino/safe/ (Ignore those banners and links, but read those pointers)

That must have hurt lots of investors. The issue of not being registered is also a problem since they are already getting huge amount of profits then they should have just think about getting their Online Casino registered in some way. Its quite true that it will be hard to register because some may not understand how they are doing that online Casino through Cryptocurrency but you should still register it in some way so your money wont be questioned in some way they find it sketchy.

[AjithBtc]

This is something very interesting, I've come across statements of online casino fraud. Here what have happened is beyond human thinking. With online casinos everything is processed through the internet connectivity. On traditional casinos everything is transparent, upon the same it gains more trust than the online casinos.

Making this an opportunity a team has played good and earned big out of the gamblers who believed and had hope of earning something out of the casinos. It is always good to go with reputed casinos for secured gambling.