Hong Kong plans to open basketball betting, competing for taxes with "Southeast Asian underground bookmakers"!

Small bets for pleasure, big bets for financial loss? The Hong Kong government is pushing a key "upgrade" in the gambling industry—the legalization of basketball betting, not only to challenge the underground kingdom of illegal betting on basketball but also to snatch gold from the jaws of Southeas

The Hong Kong government plans to introduce basketball betting, operated by the Jockey Club, Mak Mei-kuen: does not encourage gambling, sets limits to prevent addiction.

The Hong Kong government plans to revise the "Gambling Tax Ordinance" by introducing a basketball betting regulatory framework, proposing to levy a 50% tax on net betting amounts, and suggesting that the Hong Kong Jockey Club be granted the sole license to organize it. The Secretary for Home Affairs

Hong Kong Government Plans to Promote Basketball Betting: 94% of Citizens Support, Suggests Levying 50% Gambling Tax

The Hong Kong government recently completed a public consultation on the legalization of basketball betting, with results showing that over ninety percent (94%) of respondents support the establishment of basketball betting and suggest that 50% of the net betting amount be used as the gambling tax r

Take the lead! Hong Kong may legalize basketball betting in the next NBA season!

Government accelerates amendment! Countdown to legalization of basketball betting in Hong Kong

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