On January 16, 2017, the Government of Vietnam issued the Decree No. 03/2017/NĐ-CP on casino business in Vietnam.
According to Article 47 of the Decree No. 03/2017/NĐ-CP of Vietnam’s Government, fines for violations against regulations on location of casinos are specified as follows:
1. A fine of from VND 90,000,000 to VND 100,000,000 shall be imposed on any location of casino unconformable to the requirements provided for by law.
2. A fine of from VND 180,000,000 to VND 200,000,000 shall be imposed on casino business run at a place which is not licensed by a competent authority according to law.
3. Additional penalties:
- A 03 to 06 - month suspension of the Certificate of eligibility for casino business shall be imposed on any location of casino unconformable to the requirements provided for by law;
- A 06 to 12 – month suspension of the Certificate of eligibility for casino business shall be imposed on casino business run at a place which is not licensed by a competent authority according to law.
4. Remedial measures:
Forcible restoration of original location of the casino which fully satisfies the requirements prescribed by laws and is licensed by the competent authority.
View more details at the Decree No. 03/2017/NĐ-CP of Vietnam’s Government, effective from March 15, 2017.
Ty Na
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