Football fans and punters in Vietnam cannot bet on World Cup matches this year, even though sports betting has been legalized. Only a few companies have shown interest in operating a betting business in Vietnam, and none of them have actually submitted bidding documents. The lack of agreement between relevant ministries on how to organize the bidding process is among the reasons for the delay, an unnamed Finance Ministry source told Tuoi Tre. Limited betting options are another reason. Vietnam only allows betting on international soccer games recognized by the governing body FIFA and approved by the sports ministry. These include the World Cup, the Confederations Cup, Copa America, Champions League and Europa League. These are all short tournaments with limited number of matches, leaving a lot of “idle time.” Meanwhile, the most popular football leagues in Vietnam, the English Premier League (EPL), La Liga (Spanish League), German Bundesliga, Serie A (Italia) and Ligue 1 … [Read more...] about No betting on World Cup matches in Vietnam
Champions league betting
One year after Vietnam legalized sports betting, no soccer bookmaker has set up shop in the country. “Only a few companies have shown interest in operating a betting business in Vietnam, and none of them have actually submitted bidding documents,” an unnamed source from the Ministry of Finance told Thanh Nien (Young People) Newspaper. Lack of agreement between relevant ministries on how to organize the bidding is among the reasons for the delay, the source said. Operators of bookmaking businesses in Vietnam have to meet strict capital requirements of VND1 trillion ($44.2 million) for soccer. A bidding process is held to select one soccer betting provider for a five-year trial phase. “Although considered reasonable, the capital requirement is still quite high for many enterprises,” economist Nguyen Tri Hieu told VnExpress International. “This can be a barrier for those who want to operate a betting business here.” Another reason lies … [Read more...] about One year after Vietnam legalized soccer betting, bookmakers remain reluctant to invest
A government decree allowing Vietnamese citizens to bet on international football matches is leaving punters confused as it omits popular European championships from the list of events allowed. The decree, effective March 31, legalizes betting activities for not only international football (soccer) competitions, but also dog- and horse-racing events for Vietnamese. However, the rule stipulates that people are only allowed to place wagers on matches or tournaments ruled by the world football’s governing body FIFA. This means only games and tournaments belonging to FIFA’s official system of competitions are available for Vietnamese punters to bet on. The list consists of 24 events, with such popular tournaments as the World Cup, Women's World Cup, Confederations Cup, Summer Olympic Games, Copa America, UEFA European Championship, the Champions League and Europa League. The English Premier League, … [Read more...] about Vietnamese punters shocked as EPL, La Liga excluded from football betting law
Your Say, published every Friday, lets readers express their opinions on a topic or issue raised by the editor. Next week: Would you bet on EURO 2016? Like many people around the world, Vietnamese are crazy about football, especially world tournaments like World Cub, Champions League, or the on-going EURO 2016. "Love for the ball" has spread far and wide. Football players, students and office employees often stay awake most of the night, which seriously affects their ability to work the next day. Addiction to soccer betting, no matter how minor the amount of money placed on a bet, becomes a fever. That fever continues to burn, though sports betting remains illegal in Việt Nam. Due to popular demand, the country is considering the legalisation of sports betting operated under State management. But almost six years after the legalisation of sports betting was discussed officially for the first time, a draft decree regulating the business remains unseen. Many economists remain … [Read more...] about Would you bet on EURO 2016?
BOCHUM, Germany, Oct 6, 2010 (AFP) - Four alleged ringleaders in what is believed to be European football's biggest fraud scandal went on trial in Germany on Wednesday, accused of fixing more than 30 matches across Europe. The quartet, named only as Nuerettin G., Tuna A., Stevan R. and Kristian S., face up to 10 years in jail if found guilty of fraud in a trial that will question the integrity of lower-league football across the continent. The trial will focus on 32 games played in Germany, Belgium, Slovenia, Hungary, Croatia and Switzerland, mostly last season, where it is alleged dozens of players or referees were bribed to influence the matches. Bets totalling two million euros (2.8 million dollars) are alleged to have been placed on the matches involved, netting the gang winnings in the region of 1.6 million euros. The trial is part of a still-ongoing, wider investigation involving around 250 suspects and nearly 300 games in 15 countries in a surveillance operation which has … [Read more...] about European betting scandal trial opens