Post
Topic
Board Gambling discussion
Re: Vietnam bursts an illegal casino who used to handle bets worth $3 billions
by
bitcoinst
on 20/07/2020, 11:11:21 UTC
For sure there's actions that will be taken place, if there's someone who can provide any information or updates
to whatever extent that being implement to those illegal facilitators of gambling business, it's really a big money
behind it, impossible that the exposures will not hit any news around this country.

In countries such as Vietnam, Cambodia and Laos, the gambling industry is mostly owned by the Chinese nationals. In mainland China, gambling is banned. And therefore those who can't travel to Macau normally come to these nations to visit the casinos. It is a mutually beneficial relation, but there are some negatives as well. Growth in organized crime and money laundering are some of the negative side effects.

The most negative side effect of all this is that during such machinations the level of corruption in the country increases at the highest levels, which further spreads to other spheres of government.
Even developed countries face this, but in less developed countries it is a much more serious problem because these countries themselves are poor and the living standards of the population are low.