Best online casino – The most important factors. Despite widely different preferences and tastes, there are always factors with a certain general validity to decide what distinguishes a best online casino. Below are a few of them: Fairness and security. Anyone who enters an online casino in Vietnam needs trust.
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In a first for the country, Vietnamese citizens will be allowed to gamble in a casino on Phu Quoc Island.
The move is part of a three-year trial that is due to start in 2019, pending approval from central government.
According to authorities in Phu Quoc, the approval will open the floodgates for a wave of other projects that could benefit the island, located in the southern district of Kien Giang, which is already popular within the tourist industry.
Pilot programme
The new developments at the casino in Phu Quoc could be just the start in a new future of gambling for Vietnam and pave the way for approval of other projects in the future.
These might include further casino developments as well as car and horse racing facilities to cater for the increased demand for gambling-related activities in the country.
The casino that is the location for the pilot programme has received more than $12bn in funding and is part of an ecotourism and entertainment complex. The project has been funded by Phu Quoc Tourism Investment and Development, which is a subsidiary of the Vingroup.
The complex and resort has been completed and is now waiting to be officially licensed for the casino to open its doors. Although due to be in place by last December, the process for the license was delayed.
The application process for a casino license in Vietnam can be lengthy because it requires a number of steps to be completed, including a certain level of investment.
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Approved despite concerns
The Phu Quoc development was announced amid criticism that locals were resorting to illegal gambling due to a lack of available resources in the country. The rise of illegal gambling has led to an increase in police operations, which have so far been successful.
Since March 2017 Vietnamese citizens have been allowed to gamble in the privacy of their homes in principle, but there have still been no specific regulations laid out in respect of this as the relevant authorities are still negotiating the details.
One of the sticking points of the negotiations was whether or not casinos would be opened to locals. It now appears an agreement has been made in this regard with the Phu Quoc facility operating as a pilot for a potential wider rollout.
Locals who want to use the casino will need to be aged over 21 and provide proof of income of over 10m dong ($427). They also must have a clean criminal record and will need to pay a $50 entry fee as well as a monthly permit that will cost $1,100.
Seven casinos in the works
Seven casinos are currently being built in Vietnam, but they will only allow foreign players to enter. The projects are mainly in Haiphong, such as:
- The Aristo International Hotel and Casino in Lao Cai Province
- Phoenix International Club in Bac Ninh
- Crown International Club in Danang
- The Grand Ho Tram Strip in Ba Ria-Vung Tau Province
- The Loi Lai Casino and Royal International Gaming Club in Quang Ninh Province
The premises have all been licensed for foreign players, while three other casinos are awaiting licensing: Laguna Lang Co in Hue, Nam Hoi An in Quang Nam Province and Corona Resort and Casino on Phu Quoc Island.
The casinos that are already open have been attracting visitors from Australia, Canada, Hong Kong, Macau and Singapore. And while the international trade is lucrative, many of the venues applied for a licence simply to open their doors to locals, but the only venue that will be allowed to – for now – will be the Phu Quoc casino.
Tax revenue and foreign investment
It is thought the government may be reassessing its position on locals being allowed to gamble in casinos due to the possible extra income the activity could generate in tax revenue.
The loosening of current gambling rules in the country is expected to attract new foreign investment, according to industry experts.
In May Vietnam received $875m for the first part of a development project in Thua Thien-Hue Province from Banyan Tree Holdings, a Singapore-based company. The investment is due to increase to $2bn by 2022 and is set to include another casino that will be looking to compete with other global powerhouse casinos.
Las Vegas Sands, FLC and Vietnam’s cable operator, Sungroup, are all said to be interested in potential casino projects in the country.
The industry, including lotteries, is expected to generate a large amount of extra tax revenue for the government.
In a survey carried out by the Regional Sustainable Development in 2015, more than 50% of respondents said they believed that allowing residents to gamble at home would boost tax for the government and could potentially reduce the temptation for locals to travel abroad to gamble, or even resort to illegal gambling.
Gambling Law for Vietnam
Vietnam Online Casino License Application
The gambling laws of Vietnam are very strict, but online betting is very popular here. What you hear about in the news regarding gambling busts is mostly agents operating locally or involves casinos of our bordering countries. Crown Casino from Cambodia and Indonesian owned M88 are not good options to use from Vietnam. Due to the presence of local agents, these are the ones the police target.
When (from the privacy of your own home) you use websites that are legitimate, legal and licensed in foreign countries there is no issue. In this article I will discuss how to use these sites.
Asian Bookie Bodog88 Easiest to Use
Bodog88.com is licensed in the Philippines where gambling is fully legal. They offer betting on football (soccer) and other sports, and have a casino, online poker and Mahjong. When opening an account from their website use your real address. Also, be sure to select USD as the currency.
Do not worry that your account is not in Vietnamese dong (VND). As can be seen in the image shown, Bodog88 will convert the currency when you deposit. They accept direct bank transfer from Asia Commercial Bank, DongA Bank, Sacombank, and Vietcombank.
Understanding Post Up
In case you’re brand new to online betting, understand Bodog88 and other websites discussed on this page operate on a post up basis. You fund your account with a deposit. Let’s say you deposit 5,000,000₫. This will give you account balance of around $240 USD. If you make a $50 sports bet this will be taken from you balance, leaving you $190. If the bet wins the $50.00 is added back to your account and the winnings are added too. This works the same way for casino, poker and mahjong too.
As you bet and win, your post up account balance grows larger. When you want to be paid all or some of this balance you can request a withdrawal. For this Bodog88 pays with transfer to your local Vietnam Bank account. There are other options too such as e-wallets I discuss later in this article.
Is Bodog88 Legal?
Bodog88.com is only a website / branding name. The companies that own Bodog Asia are Haydock Sports Limited and Novenix Corp. Both have been licensed in the Philippines since 24 July 2007. They operate fully legal under the laws of Philippines and international law.
Understand Bodog88 has no presence in Vietnam whatsoever. This is what makes them different from Crown, M88 and others that have agents here. Our police have no jurisdiction over companies that have no connection to Vietnam. Yes, for players it is technically illegal – but what you do in your own home is not something the police bother with.
Using Other Gambling Sites
When betting casino and poker it makes sense to have accounts at multiple websites to take advantage of promotions at each. For sports betting this is even more ideal. You can shop the odds at multiple sites and bet at whichever bookmaker has the best odds for the team you like. Also www.bet365.com has live sports streams. You can watch football (soccer), tennis, volleyball and other sports matches right from their website. To access the streams you just need to have money deposited into your account.
Setting up E-Wallets
Using websites such as Bet365 requires having an e-wallet. www.skrill.com is one of the best for Vietnam. This works very much like an online bank account. The problem is it takes time to open but if you do so successfully you will be glad you did. First complete all the sign up instructions. Next request to verify you address. They will send a letter postal mail to your home. When you get it you enter the code and are confirmed. You can then send them a wire transfer at your bank which can verify your bank account.
The advantage to Skrill is you can move money between betting websites easily. Say you have money in both Bet365 and Bodog88. You then see good odds or a promo at another gambling site. You can withdrawal from either or both these sites some or all of your balance. With your Skill balance you can then deposit to this third site. This is an excellent way to use many websites without ever having your bank see that you are gambling online. Whenever you want to take money out of Skrill you can request they transfer back to your bank.
The best way to fund Skill is to purchase a Rêv Visa Internet Card. Not only does this card work at Skrill but it also works at baokim.vn and paypal.com. Although gambling sites don’t accept this method exchanges are possible.
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There are other e-wallets available too. Bet365 accepts both EntroPay and Skrill. wmtransfer.vn is accepted at William Hill, PokerStars.com and other sites. If you check the forum section of PokerEmbassy.net (a Vietnamese poker forum) you can find traders with good feedback. Perhaps you only have Baokim or PayPal and need a swap. Here you can find who is legit to trade with.
Now that you know about e-wallets you can browse onlinebetting.com. If any of the websites we mention on any other page are of interest to you, figuring out how to deposit will not be too difficult.
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