gambling addiction – Charm

Hong Kong should use basketball gambling revenue for sports development: think tank

Cs news2 weeks ago02 mins

Hong Kong authorities should use revenue from the legalisation of basketball betting to set up a fund for sports development and boost counselling services for gambling addicts, a leading think tank and an NGO have proposed. The city’s largest think tank Our Hong Kong Foundation on Friday urged the government to inject earnings from basketball…

Hong Kong could rake in billions from basketball betting but experts have doubts

Cs news2 months ago02 mins

Legalising basketball betting could add HK$2 billion (US$257.2 million) in duties to government coffers annually, Hong Kong’s finance chief has said, although observers have raised concerns about the promotion of gambling and related youth problems. Financial Secretary Paul Chan Mo-po revealed in his annual budget speech on Wednesday that the government had invited the Hong…