basketball betting – Charm

Hong Kong officials to discuss adjusting basketball betting limits with Jockey Club

Cs news4 months ago02 mins

Hong Kong authorities are planning to engage the Jockey Club for discussions on adjusting the maximum betting limits for basketball to provide a regulated channel for such activities, as the government moves to legalise wagering for the sport. Secretary for Home and Youth Affairs Alice Mak Mei-kuen said on Saturday that lawmakers previously suggested the…

Hong Kong proposes 50% duty on net profits from basketball betting

Cs news6 months ago02 mins

Hong Kong authorities have proposed a 50 per cent duty on the operators’ net betting profits from basketball gambling, while a public consultation found that 94 per cent of respondents supported legalising such activities. In a paper submitted to the Legislative Council on Thursday, the government said that the existing calculation and collection methods for…