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April 17, 2026
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Exclusive | Jockey Club to pivot HK$1 billion basketball betting investment to curb illegal football wagering

    Exclusive | Jockey Club to pivot HK$1 billion basketball betting investment to curb illegal football wagering

    2 days ago02 mins

    Hong Kong’s sole legal betting operator had earmarked HK$1 billion (US$127.7 million) and hired 180 people to develop a basketball wagering system, but will now take a financial hit after the government announced this week it was halting plans for its roll-out, a source has said. The source close to the Hong Kong Jockey Club…

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

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

    Cs news11 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…

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