Hong Kong and Singapore police recently joined forces in a transnational law enforcement operation, successfully dismantling a cross-border group centered around Chinese individuals who used "cat pool" devices for large-scale telecommunications fraud, involving funds up to 120 million yuan, marking
Small bets for pleasure, big bets for financial loss? The Hong Kong government is pushing a key "upgrade" in the gambling industry—the legalization of basketball betting, not only to challenge the underground kingdom of illegal betting on basketball but also to snatch gold from the jaws of Southeas
The Hong Kong government plans to revise the "Gambling Tax Ordinance" by introducing a basketball betting regulatory framework, proposing to levy a 50% tax on net betting amounts, and suggesting that the Hong Kong Jockey Club be granted the sole license to organize it. The Secretary for Home Affairs
The Hong Kong government recently completed a public consultation on the legalization of basketball betting, with results showing that over ninety percent (94%) of respondents support the establishment of basketball betting and suggest that 50% of the net betting amount be used as the gambling tax r
Recently, the Hong Kong police launched a large-scale law enforcement operation and successfully cracked a cross-border money laundering criminal network between Hong Kong and the mainland, involving an amount of up to 118 million Hong Kong dollars. A total of 12 suspects were arrested in this opera
The Hong Kong SAR Government is accelerating the legalization process of basketball betting. If implemented, this would be another major adjustment to Hong Kong's gambling policy since the legalization of football betting in 2003.In February this year, the Financial Secretary, Paul Chan, first ment
The Government of the Hong Kong Special Administrative Region has launched a consultation on the proposed regulation of basketball betting as part of its efforts to combat illegal gambling and strengthen the supervision of betting activities.Under the plan, the "Betting Duty Ordinance" will be amend
It is reported that Hong Kong is considering legalizing basketball betting to increase additional government revenue.Hong Kong's Financial Secretary, Paul Chan, submitted the 2025-26 budget for Hong Kong, and it is reported that the legalization of basketball betting would help increase government r
Hong Kong's Financial Secretary, Paul Chan, stated that the government will explore the possibility of basketball betting and has invited the Hong Kong Jockey Club for discussions.The Hong Kong government announced the new fiscal budget, and it was anticipated that the government would address baske
