Long-delayed sports betting plan may miss goal

Vietnam, a country of keen gamblers and soccer fans with a population of about 90 million, may be on the verge of legalizing sports betting after two decades of procrastination. However, experts say a proposal put forward in August by the Ministry of Finance is unlikely to go far enough to open the market and stamp out rampant illegal gambling. The MoF is seeking approval for legalized betting on soccer for over 18s. The betting would be limited to certain overseas matches approved by the Ministry of Culture, Sports and Tourism. Under the draft plan, people would be permitted to bet on markets like the scores and the number of red and yellow cards, though it is unclear if popular markets like Asian Handicaps, total goals and 1X2 (home, draw, away) would be included. However, the draft also sets out a daily betting cap of VND1 million (around US$45), which was...

Intelligence Articles is a premium content section developed for AGB members only featuring in-depth articles on relevant items of interest across the multiple Asia Pacific Gaming jurisdictions. To continue reading, subscribe now.