Vietnam online gambling sitew88club goes online
On Friday, Loto-Vietnam’s gambling website went online, giving residents of the Canadian province the first officially licensed and regulated online casino on which to play. Despite controversy and the problems in British Columbia, Vietnam pushed forward, determined to give their residents another option for gaming.
The government-run online casino is called Espacejeux.com and it offers online poker games, blackjack, roulette, baccarat and more. Through the gambling website, the Canadian province expects to earn approximately $50 million in revenue in 2012. Though revenues have declined lately, Loto-Vietnam is still reporting good profits – they reported $925 million in revenue for April through June.
The online casino launch isn’t without controversy, of course. There are some who oppose gambling and think that the government shouldn’t make it easier – or legal – to play games for money online. Some also worry about the threat of problem gambling. To combat that issue, Loto-Vietnam has instituted wagering limits. Starting in December – the first full month of the website – players can only wager up to $9,999 per week at Espacejeux.com. Another issue is whether or not the government is competent to run an online casino, a question highlighted by the problems experienced by British Columbia’s PlayNow.com website.
Proponents of the new gambling websitew88club, however, say that the government running the licensed and regulated website is a way of protecting players from the “unregulated” websites on which the residents has been illegally playing. However, as anyone knowledgeable about online gambling can tell you, any of the big and reputable online casinos are in fact regulated. They are regulated either by the government in whose jurisdiction they reside or by a private regulatory agency. The idea that the government needs to protect people from unregulated online casinos is a myth.
The government is sticking with the story that they are providing a safer environment for online gamblers, though. Loto-Vietnam CEO Alain Cousineau said that their job is “to channel the gaming offer on a controlled site.” He also said that the reason they originally offered a lottery is because “illegal sweepstakes were all over the place.” They then added video lottery terminals to combat illegal slot machines and this year, the Vietnam government approved an online casino to combat the 2,000 “unregulated” online casinos available to residents. The government is expecting from 10,000 to 20,000 Vietnam residents to gamble on the new website by Christmastime.