Regulations on betting on horse racing, dog racing and international football
(Baonghean.vn) - Circular 101/2017/TT-BTC of the Ministry of Finance guiding a number of provisions in Decree No. 06/2017/ND-CP of the Government on betting business on horse racing, dog racing and international football takes effect from December 1, 2017.
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Dog racing is held a lot in the southern provinces. |
According to the Circular guiding the implementation, before organizing betting business activities, horse racing and dog racing betting businesses must send a written request to the Department of Finance of the province or centrally-run city (hereinafter referred to as the Department of Finance) where the horse racing and dog racing track is located to establish a Race Supervision Council.
Duties of the Race Supervisory Board: a) Check the conditions for organizing horse racing and dog racing according to the provisions of Article 24 of Decree No. 06/2017/ND-CP; b) Directly supervise the organization of horse and dog races according to the announced racing regulations. All information related to each race must be recorded in the race monitoring minutes after the race ends. The race monitoring board is responsible for signing the minutes confirming the results that have been monitored and the race results immediately after the race ends to serve as a basis for horse and dog racing betting businesses to publicly announce to players. The race monitoring minutes must include the following contents: - Date and time of the race; - Number of racing horses and racing dogs participating in the race; - Number, full name and surname of members of the Arbitration Board; - Full name, jockey certificate number (for horse racing betting); - Race start and end time; - Results of the race; - Problems that arise during the race. c) Monitor compliance with regulations on betting frequency, start and end times of accepting bets for each race as prescribed in Article 15 of Decree No. 06/2017/ND-CP; d) Immediately after the time of closing the betting as prescribed in Point a, Clause 2, Article 15 of Decree No. 06/2017/ND-CP, the Race Supervision Council shall supervise the horse racing and dog racing betting business enterprises to stop selling betting tickets throughout the system to ensure that the entire system cannot issue betting tickets immediately after this time. |
*Download Circular guiding the business of betting on dog racing and horse racing here
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