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Vietnam legalizes sports betting

HANOI, Vietnam – As reported by Reuters: "Bets on foreign soccer matches will become legal next year in betting-crazy Vietnam, where a multi-million dollar gambling ring in a state agency led to the resignation of a cabinet minister in April.

"Newspapers quoted the Sports Minister on Friday as saying the National Sports Committee was seeking government approval to establish a joint venture with a foreign bookmaker to provide betting services on international soccer games.

"The communist-run Southeast Asian country prohibits all forms of gambling, but illegal betting on soccer matches in England, Italy, Spain and other countries is very popular.

"Officials have estimated around $1 billion is transmitted illegally every year for soccer betting…"

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