Month: June 2020

Việt Nam

How profitable is the fun?

Posted on by Admin

01-10-2020 |  

Mr. Nguyen Ngoc My – Vice Chairman of The Association of Foreign Investment Enterprises, Chairman of Vabis Group – said that the field of investment and entertainment with bonuses will bring a large revenue source to the state, the problem is that the state needs to have strict sanctions to prevent activities that violate the law.

How profitable is the fun?

Mr. Nguyen Ngoc My said that there should be a National Steering Committee for rewarding fun activities.

Huge profits from rewarded play

Currently in Vietnam, the racecourse and greyhound racing are developing well and become the starting point for investment in prized play.

Phu Tho Racecourse, built in 1932, was one of the first and largest racetracks in Asia at the time.

In 2001, at the suggestion of the late Prime Minister Vo Van Kiet, Mr. Nguyen Ngoc My established Thien Ma Company and cooperated with Phu Tho Club to renovate, upgrade and reorganize Phu Tho Racecourse according to professional management technology meeting international standards.

The prize-winning horse racing activity at Phu Tho Racecourse from 2004 to 2011 brought an average revenue of USD 11 million per year.

In an effort to bring Vietnam's name to the world horse racing playground, Thien Ma Company has represented Vietnam at 02 international horse racing conferences in Korea (2003) and Dubai (2007). "Sai Gon Racing Club" was recognized as an reserve member of the Asian Equestrian Federation in Tokyo in November 2008. In April 2010 Thien Ma Company represented to participate as an official member of the Asian Horse Racing Federation.

2011 Ho Chi Minh City People's Committee Ho Chi Minh City has decided to close Phu Tho Racecourse due to inconsistent with the city's planning. The racetrack was moved to Madagui, Da Huoai district, Lam Dong province.

Originally granted investment certificate on 09/03/1998, put into operation since 2000. Greyhound Greyhound Racecourse, the first and only Vung Tau in Southeast Asia, operates according to Australian standards.

Each weekend race attracts an average of 2,500 visitors to visit and have fun (participating in prizes), with an average annual turnover of USD 1.2 million.

Mr. Nguyen Ngoc My said that over 20 years of operation, there have been no incidents, no consequences and social problems, have contributed significantly in diversifying tourism products.

Currently, this model of greyhound racing is being tested at Xuan Thanh beach, Ha Tinh located in Hoa Tien Paradise Luxury Resort. The racetrack has been completed and put into testing since 2017, still waiting to complete the procedures for adjusting the socio-economic planning to apply for the certificate of eligibility for trading in greyhound racing betting under Decree 06/2017 / ND-CP.

According to Mr. Nguyen Ngoc My: "If everything goes on schedule, on December 5, 2020 Hoa Tien Paradise will welcome the first 220 Korean tourists on a direct flight from Seoul to Vinh International Airport under a contract with Vietjet. Each week there will be at least one to two flights, expected to bring about VND 100 billion /year in revenue to the local budget".

Open but must have a malicious prevention grid

As a person with a experience in rewarding play, Mr. America believes that it is advisable to open the door to all types of bonus play in general and sports betting in particular, but the doors also need to have appropriate nets to prevent the penetration of harmful people. , causing adverse cultural and social effects.

He recommends that horse racing, greyhound racing and sports betting only take place within a maximum of 10 matches/day, 3 days/week, small stakes, no more than VND 1 million/day, no weight loss, the stakes only contribute to making the game more nervous and excited.

Mr. Us said that it is necessary to propose a model of state management of betting business. The proposed model is the establishment of the National Steering Committee for the Development of the Rewarded Play Industry led by a deputy prime minister; The Secretariat shall be in charge of the Government Office; Members include leaders of a number of relevant ministries and branches (Ministry of Planning and Investment, Ministry of Information and Communications, Ministry of Agriculture and Rural Development, Ministry of Agriculture and Rural Development, Ministry of Agriculture and Rural Development, …); The advisory group consists of a number of domestic and foreign experts.

By Law Plus

Tin mới
Tin khác
To Top

Việt Nam

U.S. casino considers non-cash gambling

Posted on by Admin

01-10-2020 |  

The U.S. casino industry – the world's largest cash ecosystem – is considering electronic payments to prevent Covid-19 from spreading.

The U.S. casino industry has long remained steadfast in cash, despite the world's gradual shift to electronic payments. However, the pandemic is raising concerns that the virus spreads through casino transaction sheets.

Nevada Gaming Commission – the governing body of casinos in the state of Nevada (home to the casino capital las Vegas) last week approved a number of regulatory changes, clearing the way for the widespread application of non-cash gambling in casinos. The American Casino Association this month also presented a list of priorities to modernize the payment system.

Paying by phone or e-wallet when buying poker chips and credits (for slot machines) will modernize casinos. The fear of Covid-19 spreading is causing consumers to increasingly use many mobile payment systems such as Apple Pay, or Starbuck's app so as not to have contact with cashiers. At the end of March, about 27% of U.S. business owners recorded an increase in contactless payments, according to a survey by the Electronic Trading Association and payment consultancy Strawhecker Group.

Players at a casino in Las Vegas. Photo: AP

Kirk Sanford, founder and CEO of gambling technology firm Sightline Payments, said recently that efforts to apply non-cash payments at casinos have failed, due to technological and social barriers. "As a result, the casino industry here is now the largest cash ecosystem on the planet," says Sanford.

E-payment advocates say it will make it easier to track suspicious activity, detect money laundering, and also allow for account usage limits. It also reduces contact with keystrokes in ATMs and interacts with cashiers.

Phil Katsaros – a Nevada Gambling Control Board member – the agency that enforces and makes recommendations on the operation said the pandemic could speed up acceptance of non-cash payments at casinos. "The success of this depends on the level of acceptance of the player. It depends on the persuasive ability of casinos," he explained.

Another challenge is that players may also not want to use electronic payments in other life activities. In addition, cash still appeals to those who prefer anonymity when playing cards.

However, many are concerned that switching to non-cash payments will have many implications. For example, the pressure caused by Covid-19 will cause more casino addicts. And non-cash payments will further increase this risk, said Keith Whyte, Director of the National Advisory Organization on Gambling Issues. "The faster you access money and the easier it is to withdraw funds in your account, the more likely you are to become addicted to gambling," Whyte said.

According to VnExpress/WSJ

Tin mới
Tin khác

Việt Nam

The first casino in Hoi An is about to open after 4 years of construction

Posted on by admin

01-10-2020 |  

The first casino in Hoi An is about to open after 4 years of construction

On June 28, Hoiana Phase 1 is ready to open its doors to customers to experience the first infrastructure.

After 4 years of construction, the Hoiana complex project is expected to open to welcome the first guests at the award-winning entertainment area called Hoiana Suncity (partly opened), an 18-hole golf course designed by architect Robert Trent Jones Jr. at Hoiana Shores Golf Club and the Hoiana Hotel & Suites.

This is the first phase of the $4 billion Hoiana complex project located in Duy Hai, Duy Nghia (Duy Xuyen district) and Binh Duong commune (Thang Binh district), Quang Nam province.

The rest of the complex is still being invested and opened in phases.

The first casino in Hoi An is about to open after 4 years of construction - Photo 1

Perspective of Hoiana complex project. Photo: Vietnamfinance

It is known that the Hoiana project was started in late 2010 by a joint venture between VinaCapital and Genting Berhad Malaysia. However, two years later, Genting unexpectedly announced his withdrawal from the project.

Chow Tai Fook of Hong Kong and Suncity, Macau's largest gambling leader, later became alternative investors and started construction of the project in 2017. The total registered investment capital of the project is more than 4 billion USD.

To date, Crown International Club is the only casino in central Vietnam open to foreigners. This casino is located on the coast of Da Nang, in a complex that includes the 535-room Crowne Plaza hotel and the 800-room JW Marriott hotel.

In addition to Suncity, some foreign businesses have also "jumped" into the casino business in Vietnam amid the constantly increasing number of international visitors.

In early June last year, Singapore's investor Banyan Tree Holdings was allowed to increase its charter capital from $175 million to $300 million and increase its investment in the Laguna Lăng Cô project in Thua Thien Hue from $875 million to $2 billion.

This capital is used to supplement the casino business and invest in additional hotels. It is expected that by 2021, the integrated entertainment area with a casino for foreigners will be put into operation, in which the casino will be built on an area of 2.64 hectares with an expected investment capital of USD 250 million.

In addition, The Grand Ho Tram Strip project in Ba Ria Vung Tau is also operating a casino in the resort complex with a 541-room hotel already in operation and another under construction.

The above casinos are only for foreign and Overseas Vietnamese players.

Meanwhile, Corona Casino is currently the only casino in Vietnam that allows Vietnamese to play. This casino is located in the north of Phu Quoc island, where the resort complex with nearly 6,000 hotel rooms developed by Vingroup has come into operation.

Wu bean (T/h)

Tin mới
Tin khác

Việt Nam

End "black" cash flows with betting legal framework

Posted on by Admin

01-10-2020 |  

All legal betting activities each year only bring the budget of VND 1,900 billion, while the amount of money transferred through a destroyed betting line has reached VND 64,000 billion.

In May 2019, public opinion was stunned by sales from a branch of the betting line that was raided by Ha Tinh Police. Only 2 Super master level accounts (super agent accounts) organize football betting activities on the website: b8*.com has a daily rotation amount of up to VND 500.

According to the investigating agency, the estimated accumulation of the total transaction amount of these two accounts from Saint 10.2018 to May 2019 amounted to VND 3,000 billion.

A year later, the internet gambling line has just been raided by Hanoi police and has a much more terrible scale: The transaction amount is up to VND 64,000 billion.

3 provincial agents and VND 3,000 billion in transactions. 1 line: VND 64,000 billion. Money, lots of dizziness.

For comparison, it is probably also worth mentioning the figure of VND 1,900 billion / year – the amount received by the state budget from 61 points / licensed establishments nationwide (statistics of the Association of Foreign Investors). Between VND 1,900 billion of "nationwide" and VND 64,000 billion from just one line is a gap. That gap says the price of conservatives, when – for years – resolutely puts gambling and betting out of law.

In the 64,000 billion VND betting line, there is another number: Millions of accounts registered to participate in gambling. The number of millions, from just one line, shows that the need to bet, betting is real, regardless of whether we want to or not; regardless of if we admit it or not and regardless of if we manage it or not?

Therefore, when the draft Decree 06 was consulted by the Ministry of Finance with many "opening points": including allowing international football betting business, including considering opening regulations on paying bets via e-wallets, prepaid phones … obviously, it is to look directly at the truth, which is progress versus the "un manageable" mindset.

Many trillions of DONG, many billions of DOLLARs from an industry that the world considers a "smokeless industry" is flowing outside the underground economic sector, not only causing loss of state budget but also creating a lot of social systems. It is time to end the "bleeding", ending these "black money" flows by setting legal frameworks for management.

By Labour

Tin mới
Tin khác

Việt Nam

What are the problems of greyhound racing and horse racing?

Posted on by Admin

01-10-2020 |  

If international football betting cannot be implemented in Vietnam because of legal problems, dog racing and horse racing betting in our country is also stalled for a number of other reasons that ministries and sectors are working to remove the bottleneck.

The implementation of horse racing and greyhound racing bets in Vietnam has many problems /// Photo: Minh Man

The implementation of horse racing and greyhound racing bets in Vietnam has many problems – PHOTO: MINH MAN

Synchronized coordination is required

For international football betting, Decree No. 06/2017/ND-CP (Decree 06) of January 24, 2017 on the business of betting on horse racing, greyhound racing and international football only allows one business to be piloted for 5 years, but for greyhound racing betting, horse racing allows many businesses to participate in business. In accordance with the Law on Investment 2014 and Decree No. 06, the issuance of certificates of eligibility for trading in horse racing and greyhound racing is carried out in 2 steps: The Ministry of Planning and Investment (MPS) shall appraise the investment project dossier and request the Prime Minister to decide on investment guidelines. The conditions for being granted investment registration certificates for betting business projects are to have an investment capital of at least VND 1,000 billion (for horse racing bets) and VND 300 billion (greyhound racing); have investment plans, feasible betting business plans and a commitment to supporting the community.
According to the official dispatch to the Prime Minister of the Ministry of Finance (TC), one of the agencies tasked to coordinate the implementation of Decree 06, in recent years, the Ministry of Finance has participated with 7 provinces and cities (including Hanoi, Phu Yen, Binh Duong, Vinh Phuc, Da Nang, Lam Dong and Ha Tinh) on investment policies for horse racecourse construction projects. , greyhound racing, including the betting business of horse racing, greyhound racing. However, the Ministry of Planning and Investment still wants to have official opinions from the Ministry of Planning and Investment because the Ministry has been asked by the Prime Minister to develop a national general plan on the business of betting on horse racing, greyhound racing and assigned to preside over the implementation; to report to the Prime Minister for consideration and decision.
What are the problems of greyhound racing and horse racing? - photo 1
Horse racing – DUNG VAN
The Ministry of Finance said: "The Ministry of Finance has proposed the Government Office to give its opinions to the Ministry of Planning and Investment on this content under the direction of the Prime Minister to accelerate the implementation of Decree No. 06. However, up to now, the Ministry of Planning and Investment has not reported to the Prime Minister on the general planning of the country for the field of betting on horse racing and greyhound racing". The fact that relevant ministries do not have synchronized coordination also significantly affects the progress of Decree 06.
There are not many qualified racetracks betting on horse racing, greyhound racing
Another factor that dog and horse racing betting activities have not yet been implemented is that in Vietnam there are no qualified racetracks that can meet the requirements of dog racing and horse racing betting. In the dispatch to the Prime Minister, the Ministry of Information and Technology stated: "Up to now, the horse racing betting business in Soc Son District, Ho Chi Minh City. Hanoi has been approved by the Prime Minister but this racetrack has not invested in betting technology systems and technical equipment, so it has not been granted a certificate of eligibility for betting business. For the remaining projects that are in the process of appraising investment policies presided over by the Ministry of Planning and Investment, they will be presented to the Prime Minister for consideration and approval".
"Investors are coordinating with ministries and sectors to finalize dossiers to be presented to competent authorities for approval of investment policies for construction of racecourses and greyhound racing, including horse racing and greyhound racing betting business in accordance with the law", said Mr. Da Van Sup. Regarding the problems of investment procedures, state management agencies are preparing to report to the Prime Minister for amendments and measures to be taken in accordance with the new conditions.

Mr. Do Van Sup, Head of Foreign Investment Department (under Department of Foreign Investment, Ministry of Planning and Investment), said that some localities such as Hanoi, Phu Yen, Vinh Phuc, Da Nang, Lam Dong … are proposing racecourse construction projects, including the horse racing and greyhound racing betting business. However, up to now, only 1 dog racing betting business has been licensed in accordance with the previous investment law with a narrow scale and scope at Lam Son Stadium (Ba Ria-Vung Tau province). In addition, Phu Yen province was also approved by the Prime Minister for the addition of Phu Yen racecourse project with horse racing and greyhound racing activities in An My commune, Tuy An province to the master plan for socio-economic development of Phu Yen province to 2020 with a vision to 2030.

By Youth
Tin mới
Tin khác

Việt Nam

Vietlott sales owner "happy" as Keno buyers rise again

Posted on by Admin

01-10-2020 |  

Returning from the suspension of draw activities under the Decision of the Prime Minister, up to now, many Vietlott sales points have been crowded back to parity, even in places even higher than before the epidemic. In particular, the habit of sitting "hybrid rai" playing Keno of customers has helped Vietlott lottery revenue increase sharply again.

Customers love Vietlott's Keno lottery. PV Photo

Customers love Vietlott's Keno lottery. PV Photo

Sales rise again

As one of the largest agents of Vietlott – Minh Main Lottery Co., Ltd. (Minh Main agent) currently has a total of nearly 70 Vietlott points of sale. With a new form, attractive prizes, the number of customers at the points of sale of this unit increased sharply, especially since the appearance of Keno lottery – the lottery now accounts for more than 50% of Vietlott's daily sales.

However, according to Mr. Bao – Minh Main Lottery's business representative, since the COVID-19 pandemic, sales of the system have decreased sharply, especially Keno. Because with other types of lotteries, customers come to buy and go home waiting for the results, during the epidemic period (except for the time when the lottery stops being issued under the Prime Minister's orders), many people still stop buying quickly and then return.

But with Keno, customers usually sit for 1-2 hours, even days continuously to play. Therefore, when the epidemic occurs, many people are afraid of gathering people, do not dare to come to play much. Even after the quarantine order is over, the lottery returns to normal, many points of sale are still available.

"However, over the past 1 month, customers have started to increase again, by this time basically the points of sale have stabilized again as before the epidemic", said Mr. Bao.

Similarly, Mr. Le Phuoc Dai, Vietlott's sales owner in Phuoc Loi commune, Ben Luc district, Long An is very happy because after the bleak period due to the epidemic, players are excited to return to Keno, sales are even higher than before the epidemic.

"In that we are mostly patrons, local guests. People play familiar lotteries, so it's sad to quit. Now that the situation is stable, many people have returned to the habit of sitting and fighting Keno" – Mr. Dai said.

The joy of enjoying the "winning feeling"

As noted by the reporter, by this time most Vietlott lottery agents have returned to normal business as before the epidemic.Mr. Tam (67 years old), a customer in Ho Chi Minh City Ho Chi Minh City said that he is a lottery favorite. Before that, he had a habit of playing traditional lotteries every day, followed by playing Vietlott lotteries. Since Keno, he often went to the point of sale to sit and play for a few hours a day.

Mr. Eight said that Keno Lottery has both a great chance of winning and high entertainment, especially for those who have quite a lot of free time like him. Therefore, during the time the lottery agents took a break, sometimes he also felt sad and broken. "It's a habit, so I can't play, I can't sit and calculate the number I also feel empty" – Mr. Eight shared.

According to some sellers, the reason customers can maintain the habit of playing Keno for a long time, because this type of lottery is easy to play, and only 10 minutes have results, so if the player is lucky can immediately enjoy the "winning feeling".

In fact, a lot of Keno players have been lucky many times to win high-value prizes. Remember, on March 22, 2020, a customer in Ho Chi Minh City Mr. Dong Hai won keno's highest prize worth VND 2 billion. Less than 3 months later, Mr. Hai went on to win Keno and brought in more than 181 million more (deducted PIT)…

"Customers are very interested in Keno, firstly, quick dial 10 minutes at a time, people can play and drink coffee; the second has many forms of play; The third is the high winning rate… Customers can also actively calculate the level of play during the day, how to pay back or have words, or if they lose, they will stop", said Mr. Bao, Minh Main agent.

By Labour

Tin mới
Tin khác

Việt Nam

Canadian woman dies after learning she won more than $40 million

Posted on by Admin

01-10-2020 |  

What will you do when you win the lottery with a total value of more than 40 million USD?

Mrs. Tutcho on the day of receiving the award.

It's also a question a woman in the Canadian city of Yellowknife is asking herself after winning the northwest Territory's biggest jackpot lottery. The prize's value is up to 55 million Canadian dollars (equivalent to more than $40 million).

Ms Tutcho, the grand prize winner, told the Western Canada Regional Lottery Group (WCLC): "I'm really dead. This is amazing and beyond imagination."

On the day of the winning news (May 1), Ms. Tutcho did not even notice the number range purchased. Eventually, Mrs Tutcho learned she had hit the jackpot through a granddaughter.

To be sure, Ms. Tutcho immediately showed up her number sequence on the Internet and discovered that the winning number sequence coincided with all 7 numbers purchased.

Tutcho said that she consulted financial advisers to manage the bonuses in the best way. However, her priority remained to help her family.

Ms. Tutcho's biography posted on the lottery company's website said the woman, who was a free interpreter, devoted her career to the reshabilitation of the ancient sahtúgot language.

According to traffic newspaper

Tin mới
Tin khác

Việt Nam

Macau casino open for players

Posted on by Admin

01-10-2020 |  

Macau is making every effort to revive the post-Covid economy

Macau began to bustle again as more residents with vouchers from the government began shopping and major casinos in the city were waiting for the return of gamblers.

To boost the economy's rapid recovery, the region will release 2.2 billion patasin (about $275 million) as shopping vouchers for people, each of which is about 8,000 patasin (about US$1,014).

The relief package is divided into two batches, the first from May to July is 3,000 patasin and the second from August to December is 5,000 patasin.

Longtime residents will receive a voucher worth 3,000 patasin, which lasts for three months and can only spend 300 patasin per purchase.

This voucher is used for food and beverage needs, daily living, household goods purchase and is only available in Macau. The move will help businesses survive.

Macau casino open for players

The Macau government is actively stimulating consumer demand, as well as restoring casinos.

According to government figures, retail sales fell 45 percent in the first quarter to $1.41 billion, while total revenue from casinos fell 93.2 percent to $1.76 billion in May.

To increase sales, in addition to support from the government, casinos also introduce other promotions, such as discounts at restaurants and free parking for up to 5 hours at their center.

Compared to Hong Kong, Macau casino providers are also willing to lower rents for tenants who can offer new experiences to shoppers. That's because their primary income creator is from gambling instead of mall rentals.

Galaxy Macau (MGM), a key unit of Galaxy Entertainment Group, had revenue of HONG$151 million from its shopping center in the first quarter. This is only 4.3% of Hong Kong's $3.52 billion.

MGM in late February offered to extend rent waivers for retail tenants to help them through the crisis.

According to CafeLand

Tin mới
Tin khác

Việt Nam

Someone just won a $410 million jackpot in the U.S.

Posted on by Admin

01-10-2020 |  

Someone in the U.S. state of Arizona bought the winning ticket for the Mega Millions jackpot announced on June 10, according to CNN citing information from the tournament's hosting company.

Each Mega Millions lottery ticket costs $2 – AFP/GETTY
Arizona State first appeared the jackpot winner of the Mega Millions lottery. If he decides to take it once, he will receive about $316.8 million.
To win the jackpot, the number on the ticket must match a total of 6 numbers, including the number "Megaball". A further 13 tickets matched the first five figures, and nine of these were worth $1 million while the other four won $2 million.
The probability of winning the Mega Millions jackpot is 1/302 million when held in 45 states, and washington D.C as well as the Virgin Islands.
Meanwhile, the probability of winning the Powerball jackpot, another form of lottery ticket in the US, was lower at 1/292 million.
However, there are also those who have been lucky enough to hit the Powerball jackpot this year.
In February, a New Jersey man received $202 million for Powerball's top prize. Under the state's new law, winners have the right to keep their identities private.
By Youth
Tin mới
Tin khác

Việt Nam

Cracking down on large-scale gambling lines in the form of plots

Posted on by Admin

01-10-2020 |  

With sophisticated tricks, the subjects have carried out gambling acts in the form of buying and selling lots and numbers with transaction amount up to hundreds of millions of dong.

On June 8, information from The Police of Thanh Hoa province said that after a period of monitoring and planning the struggle, the Police of Nhu Xuan district, Thanh Hoa broke the project No. 008L, arrested 5 gambling objects in the form of buying and selling lots and numbers in the district.

Elimination of large-scale gambling lines in the form of plot recording - 1Elimination of large-scale gambling lines in the form of plot recording - 2

Subjects and exhibits of the case.

The arrested subjects are: Lai Thi Dung (born in 1983), Pham Thi Ly (born in 1967), Nguyen Van Hai (born in 1982), Le Van Doan (born in 1984, all residing in Yen Cat town) and Le Dinh My (born in 1984, residing in Xuan Hoa commune, Nhu Xuan district).

At the homes of the subjects, the police have seized more than 20 million vnd in cash, 21 mobile phones and many other documents related to the sale and purchase of lots and numbers.

According to the documents of the police, this is a large-scale number of lots and numbers with sophisticated tricks led by Re Thi Dung and started operating from about the beginning of 2020.

To avoid detection, the "centipede legs" in the gambling line will collect the lot number boards, heading numbers and transfer via phone message, face book, zalo to Re Thi Dung, then proceed to the money transfer transactions.

Up to now, through the collected documents and evidence, Nhu Xuan District Police has determined the transaction amount of this gambling line up to hundreds of millions of dong.

Currently, The Police of Nhu Xuan district has prosecuted the case, prosecuted the accused and detained the subjects to continue the expanded investigation of the case.

According to Dan Tri

Tin mới
Tin khác