Asia

Vietnam Police Cracks Down Illegal Online Gambling Ring

Published

6 years ago

May 30, 2019

Niji Narayan

Vietnam Police Cracks Down Illegal Online Gambling Ring

Photo Source: elsevier.com

Reading Time: < 1 minute

Police in Thanh Hoa province have arrested nine people for conducting illegal online gambling operations. The Police department is still in search for the gang’s leader, Tran Quang Truong.

The organisers of the gambling ring had set up a system of tier 1 and 2 agencies through which their clients could buy virtual money to play online card games. They could convert the virtual money back into cash whenever they wanted. The clients could make their transactions either directly at the agencies or through banks.

The total value of the transactions have been estimated nearly $170 million and the police have frozen more than $256,000 in many bank accounts as part of their investigation.

Related Topics:

Up Next

Royal Wins Secures World’s First Pure Skill Real Money Gaming License

Don't Miss

Jamie Odell Joins Scientific Games as Special Advisor to Chairman and CEO

Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.