Vietnam, South Korea bust two more illegal online sports betting rings

Vietnamese authorities have broken up an illegal online sports betting ring they claim handled wagers worth nearly $58m.

On Sunday, police in the central province of Thanh Hóa pounced on the operation, arresting 14 individuals, including the two alleged ringleaders, Nguyễn Thế Hiếu and Nguyễn Thành Trung. The ring, which primarily took wagers on football matches, reportedly handled bets totaling VND 1.3t (US $57.8m) before their jig was up.

Six months earlier, Thanh Hóa police rumbled an illegal betting ring that handled $44.5m in wagers. Both busts pale in comparison to the estimated $60b that was wagered with an online site run by a Chinese national who earlier this week was deported to his home country to face the music.

Meanwhile, police in South Korea recently busted an online sports betting ring in Seoul that utilized a fake office in Vietnam’s Ho Chi Minh City to help process financial transactions. Seoul police arrested three individuals last week while Vietnamese authorities are reportedly still searching for their accomplices in Ho Chi Minh City.