
Hong Kong's Legalization of Basketball Betting is Imminent: A Dual Consideration of Combating Illegal Gambling and Increasing Fiscal Revenue
The Hong Kong Special Administrative Region government is actively promoting the legalization of basketball betting to address the increasingly rampant illegal gambling market. According to official data, the amount of illegal basketball betting in 2024 is expected to reach between 70 billion and 90


Hong Kong Basketball Betting to Open in 2026! Hong Kong Plans to Introduce Legal Basketball Betting!

Illegal gambling rakes in 90 billion Hong Kong dollars annually! Basketball betting sparks fierce debate in Hong Kong.
The Hong Kong SAR Government is accelerating the legalization process of basketball betting. If implemented, this would be another major adjustment to Hong Kong's gambling policy since the legalization of football betting in 2003.In February this year, the Financial Secretary, Paul Chan, first ment
The Hong Kong government has launched a one-month consultation on the legalization of basketball betting.
The Government of the Hong Kong Special Administrative Region has launched a consultation on the proposed regulation of basketball betting as part of its efforts to combat illegal gambling and strengthen the supervision of betting activities.Under the plan, the "Betting Duty Ordinance" will be amend

Hong Kong may consider legalizing basketball betting, adding a third sport to its gambling options.
It is reported that Hong Kong is considering legalizing basketball betting to increase additional government revenue.Hong Kong's Financial Secretary, Paul Chan, submitted the 2025-26 budget for Hong Kong, and it is reported that the legalization of basketball betting would help increase government r

Hong Kong Government: Will actively explore the regulation of basketball betting, Hong Kong Jockey Club to submit basketball betting proposal.
Hong Kong's Financial Secretary, Paul Chan, stated that the government will explore the possibility of basketball betting and has invited the Hong Kong Jockey Club for discussions.The Hong Kong government announced the new fiscal budget, and it was anticipated that the government would address baske

A Century of Legend! How has the Hong Kong Jockey Club Shaped the Betting Market?

Football betting tax increase leads to a decline in revenue for the Hong Kong Jockey Club
The Hong Kong Jockey Club (HKJC) reported that revenue for the fiscal year ending June 30, 2024, significantly decreased to HK$14.8 billion (US$1.9 billion), a 10.5% drop from the previous year. This decline is mainly attributed to increased football betting taxes and a complex macroeconomic situati
/ THE END /