Prediction market platforms offering diverse gambling options and attractive odds are surging in popularity, observers have said, warning about payout risks amid Hong Kong authorities halting plans to legalise basketball betting. They also said on Tuesday that Hong Kong residents who took part in these platforms, which use cryptocurrency for transactions, could be breaking gambling…
Hong Kong authorities should consider the impact of technological developments when drafting policies, observers have said, noting the government’s decision to halt plans for basketball betting reflected a lack of thorough discussion. Their remarks on Tuesday followed the government announcing the suspension over concerns about new “prediction market” gambling while warning that it was illegal…
Hong Kong’s No 2 official has pledged to fast-track a new university town’s development following a visit to similar projects in mainland China and said authorities will devise a strategy to attract top institutions from across the border and overseas to take part. Chief Secretary Eric Chan Kwok-ki and his working group on the university…
John Hau, a 66-year-old Hongkonger, was frustrated by the government’s decision to revamp the HK$2 (26 US cents) transport subsidy scheme. The discount allowed him to pay just HK$4 to make the round-trip rail commute from his home in Sham Shui Po in Kowloon to Wan Chai on Hong Kong Island, where he works as…
Hong Kong’s universities have recorded their sharpest declines in three years in global subject rankings, with more than half of the 266 offerings – including data science and AI – slipping down their respective tables, according to a UK-based education analyst. Despite the overall drop, dentistry at the University of Hong Kong (HKU) remained second…
Hong Kong Investment Corporation (HKIC), the government’s investment arm, has teamed up with venture capital firm Gobi Partners and the University of Hong Kong (HKU) to launch a fund on Tuesday to invest in technology start-ups spun off from the university’s research breakthroughs, according to an HKIC statement. Gobi-HKU Fund I made two investments at…
Regal Hotels International Holdings and its units have sold the 494-room Regal Kowloon Hotel for about HK$1.52 billion (US$194 million) to the real estate investment arm of Centaline Group, which operates one of Hong Kong’s largest property agency networks, to be converted into a student hostel. Regal Hotels and affiliates Century City International Holdings and…
Feel strongly about these letters, or any other aspects of the news? Share your views by emailing us your Letter to the Editor at [email protected] or filling in this Google form. Submissions should not exceed 400 words The government’s Transport Strategy Blueprint sets a welcome long-term vision for Hong Kong’s transport network, emphasising a “dual-innovation”…
Hong Kong authorities have received more than 100 applications for innovative drone usage to pioneer the city’s “low-altitude economy”, with some pilot projects set to launch as early as in three months, the transport minister has said. Secretary for Transport and Logistics Mable Chan also pledged to push more advanced transport technologies to transition from…
By the second half of the 21st century, the Sino-Indian relationship will become the world’s most geopolitical, dislodging even the complex China-US cooperative rivalry. By 2050, the world’s three largest economies are likely to comprise some combination of China, India and the United States. PricewaterhouseCoopers predicts this exact order – with the US having the…