Vietnam to celebrate Christmas with new iGaming regulations
Vietnam, a Southeast Asian country where gambling is illegal, will tighten iGaming and card-based game regulations on December 25 to combat illegal gambling.Vietnam aims...
Vietnam shuts down $1.2B iGaming money laundering ring
Vietnamese law enforcement recently discovered a billion-dollar money laundering operation connected to iGaming, following the bust of an illegal sports-betting ring.
On January 23, authorities in Danang arrested five individuals connected to the case, which involved the laundering of VND30 billion (approximately $1.2 billion). The operation was active between 2022 and 2024 and involved different working groups that used fake documents to establish 187 fake businesses and 600 corporate accounts. These accounts were used to launder funds from offshore gambling and fraud, making it the city’s largest-ever money-laundering case.
This followed the arrest of gangster Tran Trung Hieu and 15 others in another gambling-related crime. They had run an illegal football-betting operation in Dong Nai province that got its chance to generate VND1.2 trillion since 2023., which equals $51 million. Police seized over VND1.1 billion in cash from the group, calling the operation sophisticated and highly organized.
Gambling market in Vietnam
iGaming remains illegal in Vietnam, but the high demand fuels a massive black market valued at VND250.6 trillion. Earlier, in December 2024, Vietnam announced its plan to integrate new iGaming regulations. Together with this, the government is working on creating the restrictive 2017 Decree 6, which allows legal sports betting only at land-based casinos.
ELA Games Releases A New Title – Zeus Cashpot
ELA Games, the innovative iGaming development studio, announces the release of Zeus Cashpot, its latest title based on strategy and fast-paced action.Zeus Cashpot is a...
