Vietnam to Legalise Football Betting
December 27th, 2006
Vietnamese authorities are set to seek government approval for a regulation to legalize previously-banned football betting next year, under which gamblers could place a maximum stake of VND450,00 (US$28).
Nguyen Trong Hy, deputy head of the National Sports Committee said that the draft was to be submitted to government in Q1 next year. The regulation also restricts punters to a certain number of bets per month.
He said his committee was considering partnering with UK-based betting firm Ladbrokes to form a Vietnam state-run 51:49 joint venture company headed by a Vietnamese national.
Regulations could be modeled after those in the UK, in that companies offering gambling services are required to advise punters against betting if they lose more than they win in a certain month.
Hy quoted police sources as saying billions of US dollars were drained away from Vietnam per year to betting centers in Hong Kong, Macao and others.
Source : Thanhnien News
Entry Filed under: Sports Betting,Sports News & Results
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