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Ultimately, while the gambling industry is creating economic and recreational opportunities, there is still a need for regulatory authorities to maintain oversight and develop strong regulatory policies to ensure the fair and legitimate development of the industry. Countries in the region will need to work together to develop a unified legal framework, reduce illegal gambling and protect the rights of players.

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Sports betting is also an area that these bookmakers focus on developing. With a variety of sports from football, basketball, tennis, to eSports, players can easily choose their favorite sport to bet on. Bookmakers such as v9bet, 12bet, and bk8 offer very competitive odds for many major sports tournaments around the world, from international tournaments such as the Premier League, Champions League, to domestic tournaments and eSports.

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“If strictly managed, legal gambling can become a sustainable source of income for the country. But we need to be careful to avoid unwanted consequences,” said Le Minh, a social researcher.