According to the report, Cambodia’s underground weather betting industry is taking a beating as punters simply cannot predict when the next rain will come in the midst of the severe drought. This mini-industry has taken a beating in recent years as the drought wears on to grind action to a halt.Ī recent report by the Southeast Asia Globe details the plight of these punters. In Cambodia, a certain segment of the population has developed a tradition of betting on the rain each day during the rainy season despite laws that prohibit most forms of gambling. Olly Neil with GAG 403 explained to the Racing Post that he envisions doing “for horseracing what Twenty20 has done for cricket and 3×3 for basketball – reinterpreting the Sport of Kings for a young, urban audience and dialing up on technology, entertainment, excitement and energy.” Dry Weather is Making Life Difficult for Cambodian Rain GamblersĬambodia is in the grip of a drought that some have called the worst in half a century, and the shortage of rain has affected more than just farmers and fishermen.
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spoke with representatives of the two companies and found that both are interested in creating an international racing series featuring horse races located in city centres around the world – again, similar to F1. City Racing and GAG 403 are reportedly bidding for rights to hold horse races in the city centre, in a fashion similar to Formula 1 races which set high-paced races in the hearts of major cities around the world amid beautiful backdrops. The Racing Post published an interesting news piece last month explaining that two companies are in competition to bring horse racing to the streets of London. Two Companies Planning to Bring Horse Races to London Streets Locals will also be required to pay a daily entry fee of one million dong (about $44) or a monthly fee of 25 million dong (about $1099). Up until very recently, nearly all forms of gambling were outlawed and locals were prohibited from visiting brick-and-mortar casinos built to cater to tourists.Ī decree issued last month lifted the casino ban for locals who earn at least 10 million dong (about $440) per month and have no criminal record.
Still, the legalization of sports betting in Vietnam is a major step forward for a country that has traditionally been very anti-gambling. Additionally, the decree does not legalize online sports betting in Vietnam all wagers must be placed in-person with authorized bookmakers. There has been some pushback from pro-gambling types who say the low daily limit is too restrictive and will cause significant amounts of money to continue to flow to offshore betting sites that do not impose such limits. Customers must be 21 or over and the maximum daily bet limit for each customer has been set at one million dong (about $44). Starting in March, punters interested in betting on football will be able to visit local betting shops to place wagers and receive payouts.
The latest decree regarding sports betting will allow locals to place bets on football matches that are recognized by FIFA and authorized by the Ministry of Culture, Sports and Tourism. An additional decree issued last month has also lifted a longstanding prohibition on Vietnamese citizens gambling at local casinos. Recent changes to Vietnamese gambling laws will soon make it legal to bet on select international football matches, horse races and dog races. Vietnam Legalizing Sports Betting and Casino Gambling Artificial Intelligence Kills Four Poker Pros in Heads-up No Limit Holdem.Dry Weather is Making Life Difficult for Cambodian Rain Gamblers.Two Companies Planning to Bring Horse Races to London Streets.Vietnam Legalizing Sports Betting and Casino Gambling.
Once again, some of this news is good and some is bad, but all of it is interesting in one way or another. It has been almost a month since our last update, so we have plenty of interesting news to catch up on and cover. Welcome to another edition of the OBS international gambling news roundup.