Hong Kong’s taxi trade has warned that 10 per cent of the cab owners in the city could soon default on vehicle mortgages as licence values plunge, with many drivers switching to the new ride-hailing regime where 10,000 permits will be issued. The market value of a taxi licence has plunged over the past two…
Hong Kong authorities will consider requiring operators to display the odds of winning on claw machines, while remaining open to increasing the prize value and maximum payout per game under a proposed regulatory regime, the home affairs minister has said. “The most important thing is to protect players and consumers, ensure they play in a…
Hong Kong authorities have proposed amending gambling laws to tighten oversight of claw machines and other prize-based amusement games by issuing individual licences for each device, in a bid to prevent addiction. In a document released by the Home and Youth Affairs Bureau on Monday, officials called for a mandatory regime for internet cafes, requiring…
Hong Kong’s taxi trade and ride-hailing services can work together on the same platform, Uber’s global head of public policy has said, while suggesting that authorities look at how other jurisdictions have adapted and used levies to set up a fund to support cabbies. In an interview with the Post, Andrew Byrne said that Hong…