Connect with us

WINNING COMBINATION - SOFTSWISS develops innovative iGaming software products for online casino, sports betting, and beyond. Our products can be delivered as standalone solutions or combined into a single iGaming Platform.

The future of sports betting: BETBY sportsbook is focused on innovation through deep industry knowledge, state-of-the-art software & endless customization possibilities.

Industry News

Vietnam Police Bust Online Gambling Operation Worth $130 Million

Published

on

Vietnam Police Bust Online Gambling Operation Worth $130 Million
Reading Time: < 1 minute

 

Vietnam police have busted an online sports gambling operation worth $130 million and launched a criminal probe into 45 suspects.

The activity was first unearthed by police in the central province of Ha Tinh in May. The gang was found running two online rings with a total of 1566 accounts. One-third of these accounts belonged to betters, while the remaining were admin accounts.

A large-scale investigation was done by police under the Ministry of Public Security in collaboration with police in the five localities of Ha Tinh, Khanh Hoa, Binh Dinh, Phu Yen and Ho Chi Minh City.

On May 26, the authorities arrested 11 people, including Le Canh Bao, 43, of Khanh Hoa, believed to be the kingpin of the two rings. He had assigned Pham Hai, 42, and Ho Xuan Dat, 28, to manage the accounts. At the time they were busted, the total value of these transactions was estimated at $130 million.

Of the 45 people being investigated, 29 are gambling organisers and 16 are gamblers.

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.

Advertisement

Trending (Top 7)

EuropeanGaming.eu is a premier online platform that serves as a leading information hub for the gaming and gambling industry. This industry-centric media outlet reaches over 200,000 readers monthly, providing them with compelling content, the latest news, and deep-dive insights.

Offering comprehensive coverage on all aspects of the gaming sector, EuropeanGaming.eu includes online and land-based gaming, betting, esports, regulatory and compliance updates, and technological advancements. Regular features encompass daily news articles, press releases, exclusive interviews, and insightful event reports.

The platform also hosts industry-relevant virtual meetups and conferences, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - European Gaming is part of HIPTHER. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.