Betting and Lotteries Commission – Charm

Secretary for Home and Youth Affairs Alice Mak. Photo: Jonathan Wong

Hong Kong’s basketball betting U-turn ‘aligns with Beijing gambling clampdown’

2 months ago02 mins

Hong Kong’s sole legal betting operator and lawmakers were caught off guard by the government’s abrupt decision to suspend the rollout of legal basketball betting, which some believe was intended to align with Beijing’s efforts to curb gambling amid a surge in prediction markets. The government confirmed on Monday that it had suspended its plan…

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

Cs news12 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…