HANOI - Police in Vietnam broke up an online gambling ring that had handled more than US$1 billion in bets and arrested 22 people, reports said on Saturday , in what is believed to be the largest-ever Internet betting operation in the communist country.
Massive raids in cities and provinces across the country this week came after the discovery of hundreds of thousands of accounts tied to a ring processing an estimated US$1.28 billion in funds, state-run Thanh Nien newspaper said. It explained that gamblers who visited the website Fxx88.com were asked to deposit cash into banks in exchange for virtual money in coded accounts, mostly for football betting.
The one-party state has started loosening its rules on domestic gambling, allowing Vietnamese to bet in casinos on a trial basis and opening up some sports betting.Last year, 91 people - several of them high-ranking police officials - were either jailed or ordered to pay fines for their links with a gambling ring that handled US$420 million in wagers.
Source: Tech Daily Report (techdailyreport.net)
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