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Big Money in Vietnamese Sportsbetting
Friday April 5, 2013 : VIETNAMESE SPEND BIG MONEY ON INTERNET SPORTS BETTING
Foreign servers provide huge virtual gambling dens for Vietnamese punters
Tens of millions of dollars are bet online on sports in Vietnam every day officials claimed at a recent conference on cyber security, reports the Thanh Nien news service.
Tran Van Hoa, deputy head of the Ministry of Public Security's High-Tech Crime Fighting Department, revealed that online betting operations are organised in multiple stages with “close cooperation” between local agents and foreign bookies, making for increasingly complex organisations and difficult investigations.
He said the bookies provide and manage gamblers' accounts and transact money through local agents, bank accounts, and unofficial channels. In some cases, local agents receive money to pay gamblers, Tran said, adding that the volume of bets placed every day topped tens of millions of dollars.
Tran also discussed the increasing rate and tempo of cyber-attacks, especially on banks and government agencies, where the Vietnam Information Security Association has shown that 78 percent of government websites are vulnerable to cyber-attack.
Leading content security software service Trend Micro said Vietnam has the largest number of compromised servers in the world - 394 - attacked mostly from China. Russia followed with 34 servers and India with 19.
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Gambling News :
Oshi online casino now accepts fiat currencies -
The Oshi online casino, which started just a year ago as a Bitcoin-denominated operation, has described its expanded activity in a statement this week, noting that in addition to Bitcoin it now accepts fiat currencies and has added new game providers to its roster of suppliers.
New Standards for UK Online Gambling -
Online gambling service and technology providers, along with operators and testing agencies will be studying the new gambling software and technical standards proposal published by the UK Gambling Commission following a public consultation.
Pennsylvania Gambling Bill 1887 returned with additions -
The interaction between the Pennsylvanian House and the state Senate has become increasingly like watching a game of ping pong as the two political establishments wrestle with online gambling legalization and court-ordered tax fixes in the dying days of the current political season.
Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
Why is FullFlush Poker Still Down -
Its now almost a month since Full Flush Poker went offline "for a platform upgrade" and stopped communicating with its reportedly many unpaid and unhappy players. All trace of the operator - and means to communicate with it - have vanished.
Time Running Our For Pennsylvanian online gambling -
Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.
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