Hong Kong's largest match-fixing case sees three defendants convicted awaiting sentencing

The West Kowloon Court in Hong Kong recently issued a verdict on the largest football match-fixing case in recent years. Three defendants were convicted of bribery to manipulate matches and conspiracy to defraud, sounding a serious integrity alarm for football in Hong Kong and Asia. Brian Fok, a 32-

Hong Kong legislation sets a five-dollar limit on claw machine venues to prevent gambling.

On May 5, the Hong Kong Civil Affairs and Youth Affairs Bureau submitted a new regulatory framework for the claw machine industry to the Legislative Council, attempting to define legal boundaries for this gray entertainment model that has rapidly spread to all four major business districts in Hong K

MGM Q1 uses Macau and digital engines to hedge against Vegas fatigue

MGM Resorts International presented a mixed picture in its first-quarter earnings report on Wednesday. The group's total net revenue slightly increased by 4% to $4.5 billion year-over-year, but its consolidated adjusted EBITDAR fell by 9% to $580 million, and net profit shrank by 16% to $125 million

Pacino Holdings appoints new CFO as predecessor resigns from multiple positions.

The Hong Kong-listed gaming operator Pasacino Holdings recently announced a personnel change, declaring that Wong Oi Wai will replace Law Kwok Tai as the company's Chief Financial Officer, effective from April 24. Law Kwok Tai's resignation is not limited to the CFO position, but also includes the

Macau gambling veteran Wu Wenxin returns as chairman of Century Entertainment

Hong Kong-listed Century Entertainment International recently welcomed the return of a familiar face. The company announced in its latest notice that 78-year-old Macau gaming veteran Wu Wenxin will take over as Executive Director, Chairman of the Board, and Chairman of the Nomination Committee, rep

Hong Kong halts basketball betting licensing, market predictions become biggest variable

The Hong Kong SAR government recently slammed the brakes on the legalization of basketball betting. Originally, the Hong Kong Jockey Club was scheduled to receive a basketball betting license later this year, just in time for the 2026-2027 NBA season. However, the latest stance from the Civil Affair

Far East Development sells 49.9% stake in Melbourne Ritz-Carlton for AUD 233 million.

The Far East Development Group, an Australian casino investor listed in Hong Kong, recently announced the sale of its 49.9% stake in the Melbourne Ritz-Carlton Hotel for AUD 233.2 million (approximately USD 161.5 million). According to a document on Wednesday, the group expects to record a profit o

Hong Kong think tank proposes sports fund: Gambling tax to aid event development and talent cultivation

A think tank in Hong Kong recently released a report urging the government to further support the development of the local sports industry by more effectively utilizing gambling-related revenues and advancing structural reforms.According to a report by the Wen Wei Po, the report proposes 22 specific

Why has Hong Kong not yet adopted digital payments?

Liao Changjiang was elected as the 27th Chairman of the Hong Kong Jockey Club, with Yuan Guoqiang and Luo Shuohan appointed as new directors.

The Hong Kong Jockey Club (HKJC) held its annual general meeting, electing Mr. Liao Changjiang as the chairman for the 2025/26 term, and Mr. Huang Jiachun as the vice-chairman. Mr. Liao Changjiang succeeds Mr. Li Zihou, who served as chairman for the past three years and has been with the club for 1

LET Group Holdings and Summit Ascent Holdings did not meet the conditions for resumption of trading and were officially delisted on September 1.

LET Group Holdings Limited and its subsidiary Summit Ascent Holdings will be delisted from the Hong Kong Stock Exchange on September 1, 2025. The reason is that both companies failed to meet the resumption conditions set by the exchange by the final deadline of July 10.The Listing Committee of Hong

The Hong Kong Jockey Club appoints Sarena Lin as Chief Transformation Officer to drive comprehensive organizational change.

The Hong Kong Jockey Club announced the appointment of Sarena Lin as the Chief Transformation Officer (CTO) and a member of the management committee, reporting directly to CEO Winfried Engelbrecht-Bresges.This is a newly established position at the Jockey Club. Sarena Lin will lead the Transformatio

Hong Kong RWA Craze Hits: A Complete Guide to Tokenization of Mainland Assets for Overseas Markets

Tokenization of Real World Assets (RWA) is no longer a distant concept, but is becoming a new solution for mainland enterprises to overcome financing difficulties. On one hand, there is an urgent need for liquidity and valuation restructuring among mainland enterprises; on the other hand, Hong Kong

Hong Kong will issue the first batch of stablecoin licenses early next year!

The Sun Yee On "Small B" group used trust companies to launder nearly 40 billion Hong Kong dollars, setting a record for the highest case in history.

The police launched a large-scale anti-gang operation codenamed "Ambush Arrow," arresting 82 people, including the mastermind "Thin B" of the Sun Yee On triad, core members, and their families. Investigations revealed that over the past 21 months, a licensed trust service company was used to deposit

Hong Kong plans to legislate the opening of basketball betting: to combat illegal gambling, not to increase taxes.

The Hong Kong SAR government recently announced that it is advancing legislation to introduce legal, regulated basketball betting, aimed at curbing the spread of underground gambling activities, rather than increasing public revenue.According to the Hong Kong Economic Times, the Director of Civil Af