LENDING MONEY TO PLAYERS FOR PLACING BETS SHALL BE FINED UP TO VND 180 MILLION
The Decree No. 137/2021/ND-CP on sanctioning of administrative violations in the business of betting and prize-winning games is issued on December 31, 2021 by the Government.
Specifically, the maximum fine to be imposed on an individual or organization committing an act of administrative violation in business of betting and prize-winning games is VND 100,000,000 or VND 200,000,000, respectively. The statute of limitations for sanctioning an administrative violation in the business of betting and prize-winning games is 01 year.
Accordingly, a fine from VND 130,000,000 to VND 150,000,000 shall be imposed for the act of selling bet tickets to persons not permitted to place bets; a fine from VND 160,000,000 to VND 180,000,000 shall be imposed for the act of lending money to players for placing bets. In addition to the above fines, violators may also be deprived the right to use the Certificate of eligibility for betting business from 6 to 12 months in case of committing violation for the first time; or from 12 to 24 months, if the violation is committed for the second time or more.
Besides, a fine up to VND 100,000,000 shall be imposed for any of the following acts of violation: Forging bet tickets to receive winnings; Making arrangements to falsify the result of a betting event; Forging the winning result; Modifying or erasing the contents of Certificates of eligibility for betting business, etc.
This Decree takes effect on January 01, 2022.
