From March 15, Vietnamese citizens who are aged full 21 years or older and earn a monthly income of at least VND 10 million will be allowed to hedge bets in casinos, according to Government Decree No. 03 dated January 16, 2017.
Vietnamese citizens who are aged full 21 years or older and earn a monthly income of at least VND 10 million will be allowed to hedge bets in casinos__Photo: Internet
The Decree, which provides for casino business, says that to be allowed to gamble in licensed casinos, a Vietnamese must have full civil act capacity as prescribed by law and must pay for casino entry tickets at a rate of VND 1 million per 24 consecutive hours or VND 25 million per month.
In addition, punters will not be permitted to play if their parents, adoptive parents, spouses or children with full civil act capacity request the casinos to do so.
Under the new regulations, Vietnamese gamblers in casinos may only use Vietnamese dong to be converted into conventional currencies and may convert conventional currencies into Vietnam dong if they have not used up the money or won prizes.
Casino business will be licensed only under an investment registration certificate granted for projects on service-tourism-entertainment complexes in Vietnam. Such a project must have a minimum investment capital of USD 2 billion and other work items such as hotel-service-trade-entertainment zone and convention center.
This Decree also prohibits direct bets between gamblers based on the results of prize-winning games in casinos, fraudulent acts during the organization of and participation in prize-winning games, and acts affecting security and social order and safety.
Meanwhile, enterprises are banned from trading in gaming machines and equipment and conventional currencies not yet approved by competent state management agencies.
After three years of pilot implementation, the Government will decide whether to further permit Vietnamese people’s access to casinos.- (VLLF)