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

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

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…

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Will Hong Kong legalise betting on basketball?

Will Hong Kong legalise betting on basketball?

Hong Kong bettors already wager a huge amount on basketball with illegal sportsbooks. The Chinese SAR is reportedly considering legalising the bets to help plug a budget shortfall. An “insider” last week told the South China Morning Post that Hong Kong’s 2024-25 budget, to be released tomorrow (26 February), may include a plan for legal…

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Breaking | Hong Kong’s finance chief may legalise basketball betting to raise revenue

Breaking | Hong Kong’s finance chief may legalise basketball betting to raise revenue

Hong Kong’s finance chief is considering raising government revenues by legalising basketball betting as part of measures to tackle the city’s close-to-HK$100 billion (US$12.9 billion) fiscal deficit, the Post has learned. Two days before Paul Chan Mo-po’s budget speech, an insider confirmed on Monday that authorities could allow the Hong Kong Jockey Club to expand…

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One Week to Go! Continue Chinese New Year Celebrations with the Inaugural Longines Hong Kong International Horse Show at AsiaWorld-Expo

One Week to Go! Continue Chinese New Year Celebrations with the Inaugural Longines Hong Kong International Horse Show at AsiaWorld-Expo

World-class showjumping and dressage competitions featuring some of the World’s best 5-star international show jumpers, competing over three action-packed days 14 – 16 February 2025 at AsiaWorld-ExpoLimited tickets are available on HK Ticketing and more information about the riders can be viewed here HONG KONG, Feb. 7, 2025 /PRNewswire/ — Taking place next week from 14 –…

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