Reports
SOUTH EAST ASIA - VIETNAM
LOTTERY Vietlott & provincial lotteries
LOTTERY REVENUES VND63,000bn in 2014 ($2.8m)
SLOT HALLS 22
RACE TRACKS 1 – Lam Son Racetrack
CASINOS 7
CASINO& SLOT HALL REVENUE US$300m- $400m
Online gambling is also, in theory, illegal, but many international sites host games in Vietnamese currency and language. Although many of the casinos also run poker tables these are restricted to foreign players only and online poker is also technically illegal and some sites are blocked by ISPs and the government. General online purchases are low at the moment and only about two per cent of retail sales are done via online channels and are mostly for airline tickets.
responsible for 3.4 per cent, computerised lottery with 0.35 per cent and instant lottery has a 0.7 per cent share. Te other traditional lotteries are operated in the country via the country’s 64 provincial governments and are sold via ticket vendors on most street corners. Tey have shown a decline in sales following the launch of Vietlott and have had to increase the prizes offered by a third to compete with competitor prizes, and from 2017 are now VND2bn (US$86,000) compared to VND1.5bn (around $65,000) previously.
Tese traditional lotteries have predetermined numbers and don’t permit players to choose their own set of numbers. Subsequently, the number of tickets sold in Ho Chi Minh City has declined by around 10 to 30 per cent due to the competition from Vietlott.
For the next few years the government plans to improve the legal framework of the lottery and look at introducing further lottery products, including instant scratch cards.
P80 NEWSWIRE / INTERACTIVE /
247.COM
However, the state lotteries have called for an investigation into Vietlott after operators accused the lottery of engaging in illegal anti- competitive practices, although the MoF has defended its decision to allow the computerised lottery to commence operations in the country.
SPORTS BETTING With key regulatory changes expected the pari-
mutuel betting market could be on the brink of expansion in Vietnam.
At the moment the only form of betting legally is pari-mutuel betting on greyhound racing and horse racing. Around $1m in betting handle is from dog racing, although if more tracks open this is projected to reach up to $1bn for horse and dog racing with the predicted growth in the online betting sector.
With little competition in the market legal sports betting has become the sector most are watching. Te new law will also allow wagering on international football matches.
Sports betting is strictly illegal in Vietnam, although the ban and the prospect of harsh penalties doesn’t seem to stop the Vietnamese from engaging in sports betting and their love is European football.
Te betting sector is currently the smallest sector for gambling with just one facility currently open – a greyhound dog track - although there is a great deal of illegal betting made through underground bookmakers and foreign online sites.
Since 1989 the government has encouraged a policy of foreign investment and development. Most disposable income for the Vietnamese during this era was spent on improving their lifestyle with some entertainment activities such as ten-pin bowling, water fun parks and go-karts. Adult entertainment was limited and mainly offered via bars and karaoke. Gambling was not, of course, officially permitted, but on- course betting was allowed at horse and then dog racing tracks.
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