The Vietnamese government is considering lifting a ban on betting to raise funds for sports training and infrastructure.
Two Ladbrokes executives arrived in Hanoi this week for talks with Vietnamese authorities about possible cooperation.
John O’Reilly, its financial director, said his company could help Vietnam set up a fair, transparent, and useful betting system.
That would help inform fans, punters, and officials about how and where profits from betting are invested.
Christopher Bell, Ladbrokes’ president, said the system would ensure punters obey rules on how many times and how much money they could bet.
The UK got tax revenues of $6 billion last year from betting.
Vietnam is drafting a law on football betting and it is thought it will provide for a ceiling of VND450,000 ($28) per match per punter.
Source: Tuoi Tre – Translated by Minh Phat |
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