Huge online gambling ring busted in Vietnam

ce in Vietnam’s Thanh Hoa province have busted an online gambling ring with transactions worth nearly $62m in 2017 alone.

The Tien Phong news outlet reported that the authorities had arrested 10 people, including four ring leaders, while also seizing two cars, four computers, 16 phones and 461m Vietnamese Dong (US$20,400) in cash.

According to local police, the ring is believed to have handled online wagers totalling over 1.4 trillion Vietnamese Dong (US$62m) since the start of the year alone. However, the authorities have yet to confirm whether the ring was associated with any well-known international online gambling operators.

Vietnam is preparing to introduce its own system for legal betting on international football matches. Nevertheless, all gambling except for in government-licensed casinos currently remains illegal in the country.