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Football Betting Business in Vietnam Mandates Bidding Process

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The international football betting business project will be required to conduct a bidding process to select investors, according to a recently issued government decree. Decree 23/2024 issued by the Government outlines the necessity of conducting bidding processes to select investors in accordance with the Bidding Law.

As per this decree, investors must participate in a bidding process if they intend to operate international football betting activities in Vietnam. In addition, projects related to investment in horse and dog racing, including betting activities, are also subject to bidding when two or more investors express interest.

This regulation is reiterated in Decree 06, which addresses the business of betting on horse racing, dog racing and international football, issued in 2017. At that time, the government allowed a pilot business to operate international football betting through a bidding process.

As of now, no business has been granted permission to pilot such ventures. Last year, a representative of a lottery business stated in their development strategy until 2025 that they plan to launch international football betting activities in compliance with the law.

Towards the end of 2021, the Ministry of Finance proposed amendments to Decree 06, introducing new points such as permitting betting on European national football championships and allowing players to purchase betting tickets online.

During that period, the Ministry of Finance also submitted to the government proposed changes to two conditions for investors. First, investors must have a minimum capital investment of VND1 trillion ($40.5 million), with the ownership ratio of all foreign investors not exceeding 50%. Additionally, companies must commit to contributing to the state budget a minimum of 5% of betting revenue in cash (excluding taxes).

However, this new decree has yet to be issued, which poses a challenge to the regulators in selecting pilot businesses.

Every year, law enforcement agencies uncover and prosecute illegal football betting rings that bet billions of Vietnamese dong on football matches around the world. Advertisements for online betting websites with names such as FB88, Fi88, Bet88 and others, flood the internet.

The illegal football betting market in Vietnam is estimated to be worth tens of billions of USD a year, yet the state struggles to control the flow of money and collect taxes.

Many foreign investors have expressed interest in the international football betting business in Vietnam. Several countries around the world have legalised this form of betting.

Analysts suggest that to attract investors in the betting sector, the Government needs a stringent and appropriate regulatory framework. This would provide citizens with a legal rather than an illegal option for their pastimes. In turn, the state budget would benefit from tax and fee revenue from betting activities.

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Bloomberry Resorts Corporation Appoints Gregory Francis Hawkins as Director, President and COO

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Bloomberry Resorts Corporation (BRC) has appointed Mr. Gregory Francis Hawkins as its Director, President and Chief Operating Officer.

Mr. Hawkins joined Bloomberry in November 2023 to head Solaire Resort North as Chief Operating Officer (COO). In December 2024, with the retirement of the previous BRC President and COO, Mr. Hawkins was appointed as Acting COO of Bloomberry Resorts and Hotels, Inc. (BRHI) to oversee both Solaire Resort North and Solaire Entertainment City. In February 2025, he was designated as Acting COO of BRC.

Mr. Hawkins has extensive experience in the hospitality and gaming industries having previously held senior roles in various jurisdictions including the Philippines, Macau, Australia and New Zealand.

The post Bloomberry Resorts Corporation Appoints Gregory Francis Hawkins as Director, President and COO appeared first on European Gaming Industry News.

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New Resort & Casino Selects IvedaAI for Intelligent Video Surveillance Ahead of Grand Opening

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Iveda, a global leader in AI-driven video surveillance and smart-city technologies, announced that Subic Sun Development Inc. has chosen the IvedaAI platform as the video surveillance solution for the soon-to-open Subic Sun Resort, Convention & Casino. IvedaAI was selected early in the build-out to inform camera placement and ensure frictionless integration with future-ready, AI-powered analytics. Located on the former U.S. naval base in the Subic Bay Freeport Zone—a special economic hub that hosts thousands of international and local businesses—the resort will feature 500 guest rooms, a state-of-the-art convention center, a luxury casino and two Accor-brand hotels, Ibis Styles and Mercure, scheduled to open in December 2025.

The decision comes as global resort operators sharpen their focus on safety, service and operational efficiency. The global resort market generated $347 billion in 2024 and is projected to reach nearly $945 billion by 2030, an 18.5% CAGR. IvedaAI’s AI-enabled video analytics will help property staff lower security costs, respond to incidents faster and unlock data-driven insights that boost both guest satisfaction and bottom-line performance.

“Iveda being selected as a premier security and surveillance provider before the first Subic Sun Resort guest ever checks in is a powerful endorsement of our commitment to providing state-of- the-art monitoring technology. By designing camera layouts around IvedaAI’s real-time analytics, Subic Sun can optimize coverage, reduce blind spots, and deliver safer, smoother guest experiences—without a costly equipment overhaul. We expect more ground-up projects to follow this blueprint,” said David Ly, CEO and Founder of Iveda.

Iveda Philippines—Iveda’s joint venture focused on nationwide smart-city deployment—secured the Subic Sun contract and will oversee the on-site rollout. The win represents the team’s first major hospitality project and advances its plan to generate US $3 million in smart-city revenue by FY 2026, building on the broader initiative it announced last year.

The post New Resort & Casino Selects IvedaAI for Intelligent Video Surveillance Ahead of Grand Opening appeared first on European Gaming Industry News.

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FUN88 Thailand Celebrates 17th Anniversary with 17 Spins, Rewards & Newcastle Match Trip

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FUN88 Thailand, a top online gaming platform, is celebrating its 17th birthday with a special month-long event full of exciting rewards and lucky missions. The promotion, running from June 2 to 30, allows members to win amazing prizes like a 7-day trip to watch a live English Premier League Newcastle United match, a luxury Royal Oak watch, 17 spins for a special Anniversary Badge and many more guaranteed rewards.

With the theme “Play with FUN, be FUN”, FUN88 promises a fun and rewarding experience for all players.

How to take part in FUN88’s 17th birthday to win big:

• BE FUN Lucky Spin: Complete daily or event missions to earn spins. Every spin is a guaranteed win. Grand prizes include a NUFC new season football trip to England, a luxury Royal Oak watch and more.

• Daily Check-In: In the new Rewards Lobby, members who topped up in the past 7 days can check in daily for rewards up to 12,888 THB.

• Top-Up on 8th, 18th, 28th: Get 5 extra spins just by topping up on these special dates.

• Extra Missions: Try missions like Virtual Sports, SOS Insurance Slots, or join “Road to World Cup I” for even more spins.

• Anniversary Badge: Spin the BE FUN Wheel 17 times during the event and get the exclusive 17th Anniversary Badge.

All event details are available on the FUN88 Promotions page.

The post FUN88 Thailand Celebrates 17th Anniversary with 17 Spins, Rewards & Newcastle Match Trip appeared first on European Gaming Industry News.

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