Hong Kong’s leader has defended the government’s decision to put the legalisation of basketball betting on hold, stressing the policy was never intended to encourage gambling and that all risks must be controlled before any further steps are taken. Chief Executive John Lee Ka-chiu made the remarks on Tuesday after the government’s surprising U-turn last…
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 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…