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The draft decree on betting business will be soon completed

20:42 | 08/08/2016

VCN- Deputy Prime Minister asked the Ministry of Finance to review and complete the draft decree on horse racing, dog racing and international football betting business to submit the Government before August 15, 2016.

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the draft decree on betting business will be soon completed
The draft decree should be amended with clear conditions, criteria and principles.

The Government Office has announced the conclusion of the Deputy Prime Minister, Mr. Vuong Dinh Hue at the meeting on the draft decree legalizing horse racing, dog racing and international football betting business.

The Deputy Prime Minister, Mr. Vuong Dinh Hue requested the Ministry of Finance to comply with the contents of the Standing Committee of the National Assembly, such as: do not use images or results of international horse racing, dog racing as a basis of betting in Vietnam; the time for trials of international football betting business is 5 years; the distance from the location of betting ticket sales to schools and public recreation areas for children are not less than 500 m; the specified time to start and end up betting will not be determined by betting business enterprises.

Also, according to Deputy Prime Minister, enterprises which are allowed to distribute betting tickets on telephone and other telecommunication means must meet the requirement of at least 5 years of experience in operations of ticket distribution by digital method in Vietnam. The distribution of betting ticket on the internet is not regulated.

Deputy Prime Minister requested the drafting agencies to refer the draft decree on casino business to apply advertising regulations and conditions for the players.

In addition, the draft decree should be amended with clear conditions, criteria and principles for the Ministry of Finance to regulate the list of specific betting services and the Ministry of Culture, Sports and Tourism decided to list international football matches.

Besides, there is a need to specify the content of the ticket distribution methods, betting business areas and ticket agents for international football matches in the draft decree.

For the bid of projects of construction of horse racing, dog racing facilities including business activities of horse racing, dog racing betting and selected enterprises in the field of international football betting business, conditions, procedures, investment policy decisions, investment certificate and others shall comply with the provisions of the Investment Law and the Law on Bidding.

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The draft Decree should define the responsibility of the Ministry of Culture, Sports and Tourism more clearly, especially in the specialized management of international football betting business.

By Huong Diu/ Hoang Anh