Vietnam

 

Ho Chi Minh City police arrested Truong Hoang Chien after more than a year on the run. Chien and six associates have been sought for prosecution for organized gambling since the aftermath of a raid by nearly 100 police on a cockfighting ring inside a cemetary. Police then arrested 99 gamblers and seized more than $20,000 and 10 fighting cocks then prosecuted 37 for gambling or organized gambling. Chien is alleged to have run gambling tables alongside the cockfighting.

 

Vietnam police arrested eight people in connection to a gambling ring operating illegal online gambling, horse racing and sports betting. Frozen accounts had balances upwards of USD $470 million, with one particular detected transfer of over USD $5 million. Police did not disclose details of the ongoing investigation, despite growing public curiosity and concern about the ring's operations, and whether it catered to locals and / or international punters.

The Vietnamese government was advised, by consultants Cushman & Wakefield, to impose a minimum capital of US$4 billion and limit the extent of foreign ownership to any future casino gaming licensees. Further restrictions limit interested parties to major industry household names - preferably one already operating integrated resorts in Asia. Currently all eyes are on the financial feasibility of the remote Ho Tram Strip IR project. 

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