• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Vietnam’s sports bets for locals spooks Cambodia

Feb 08, 2017 Newsdesk Latest News, Rest of Asia, Top of the deck  


Vietnam’s sports bets for locals spooks Cambodia

Vietnam’s relaxation of rules on sports betting by locals – coming hard on the heels of news about a pilot scheme allowing domestic casino betting among certain nationals of that country – could have a negative impact on Cambodia’s casino business, a senior official of the latter nation is reported as saying.

“Changes in Vietnam gambling laws will lead to increased competition for Cambodia’s casinos and will likely affect local businesses,” stated Ros Phirun, a deputy director-general of the Cambodian Ministry of Economy and Finance’s financial industry department, in comments reported by the Phnom Penh Post on Tuesday.

“Cambodia’s casinos have been typically operating without much immediate regional competition,” the official was further quoted as saying.

On Friday, Vietnam’s government issued a decree for a pilot scheme that would allow Vietnamese citizens aged 21 and over to place wagers on authorised football and horseracing betting products from a single licensed operator that is due to go live from March 31. Media reports in that country said it was an attempt to shift into the official economy what was already happening on a huge scale via the black market.

“For Cambodian casinos, we allow all types of games online and that includes live betting, sports and lottery,” Mr Phirun was quoted by the news outlet as saying. “While it is still a relatively new market it attracts a lot of Vietnamese gamers,” he added.

The official was indirectly quoted as saying that sports betting operations in Cambodia were typically based in conventional bricks and mortar casinos in Bavet on Cambodia’s border with Vietnam, and in Sihanoukville on Cambodia’s coast; and that 35 of the kingdom’s 65 licensed casinos had launched online gaming portals.

On January 20, the Vietnamese government published a decree paving the way for selected domestic casinos in that country to accept bets on standard casino games from economically-qualified Vietnamese gamblers aged 21 and over, for a trial three-year period.

Cambodia’s border casinos – notably in Bavet and Poipet – had reportedly proliferated in number by respectively attracting Vietnamese or Thai customers, thanks to longstanding bans on casinos in those neighbouring countries.

Shortly after Vietnam’s casino decree, Mr Phirun had been quoted by the Khmer Times newspaper as saying most Vietnamese gamblers visiting Bavet were coming from Ho Chi Minh City and surroundings in the south, while the as-yet-unbuilt Vietnam resorts identified as authorised for locals’ gambling were nearer to Hanoi in the north of Vietnam.


  • tweet
Related articles
  • Border casino op Donaco posts positive EBITDA for Jul-Dec
    Border casino op...

    Feb 26, 2021  

  • NagaCorp respects host places when plans resorts: chair
    NagaCorp respects host places when...

    Feb 22, 2021  

More news
  • Aristocrat to launch EGM-based responsible gaming features
    Aristocrat to launch EGM-based...

    Feb 26, 2021  

  • Suncity to open clubs at Londoner Macao, Lisboa Palace
    Suncity to open clubs at Londoner...

    Feb 26, 2021  


Latest News

Aristocrat to launch EGM-based responsible gaming features

Aristocrat to launch EGM-based responsible gaming features

Feb 26, 2021  

Casino slot machine maker and digital games provider Aristocrat Leisure Ltd says it plans to launch in the first quarter this year a new product with responsible gaming features, which has already...
Read More
Suncity to open clubs at Londoner Macao, Lisboa Palace

Suncity to open clubs at Londoner Macao, Lisboa Palace

Feb 26, 2021  

Tech supplier Crane ups forecast for 2021 core sales

Tech supplier Crane ups forecast for 2021 core sales

Feb 26, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day


US$53.4 million

Adjusted EBITDA reported by Asian casino operator Melco Resorts and Entertainment for the fourth quarter of 2020



Most Popular

  • Macau casino GGR soared in final days of CNY: brokeragesMacau casino GGR soared in final days of CNY: brokerages February 23, 2021
  • Pansy Ho sells off more stock in MGM Resorts for US$36mlnPansy Ho sells off more stock in MGM Resorts for US$36mln February 23, 2021
  • Macau removes last mainland cities from its quarantine listMacau removes last mainland cities from its quarantine list February 23, 2021
  • GEG in US$1.6bln construction deal on Galaxy Macau Phase 4GEG in US$1.6bln construction deal on Galaxy Macau Phase 4 February 22, 2021
  • Macau VIP challenged by changes in China: Galaxy Ent bossMacau VIP challenged by changes in China: Galaxy Ent boss February 25, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us