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…
Hong Kong’s anti-corruption agency has charged four people including a football club owner for allegedly offering bribes to fix match results in the 2021-22 season. They included an alleged illegal bookmaker, Yao Xiaocong, 40, and Fu Moon Athletic Association owner and coach Lo Hong-ming, 30. Lo also played as a defender in matches. The other…
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…