The recent discussion at G2E Asia revealed that Vietnam’s gaming market is still grappling with a lack of regulatory structure, featuring numerous gaps that hinder its growth. Luís Mesquita de Melo, a legal expert, underscored the inadequacies of the existing regulatory framework, highlighting the absence of comprehensive regulations for crucial aspects like junket operations and credit issuance.
Key Points
- The Vietnamese gaming market is described as “immature” due to a lack of legal framework and clarity.
- Essential areas, such as junket operations, remain largely unregulated, creating grey legal zones.
- Operation approvals require navigating through multiple ministries, making the process cumbersome.
- Vietnam’s Civil Law system complicates the task as laws are only enforced through administrative decisions.
- Comparatively, Macau is seen to be aligning more closely with regulatory demands from the Chinese government, presenting a stark contrast to Vietnam’s struggles.
Why should I read this?
If you’re interested in the rapidly evolving gaming market in Vietnam, this article is a must-read. It highlights crucial issues that affect operators and investors, providing a clear picture of the regulatory landscape — or lack thereof. Understanding these gaps can save you headaches if you plan on engaging with or investing in this emerging market.
