Legal
February 24, 2023
Hong Kong Police Cracks Down on Triad Members in Operation Levington
Last October, a criminal gang from Hong Kong was arrested after it was discovered that it had collected HK$40 million ($510,000) using an illegal gambling platform run by the members of the organization. Now, further proving its ongoing efforts to crack down on the triads that are usually connected to illegal gambling, sex and drug […]
Sports
February 22, 2023
New Football Betting Duty May Impact HKJC’s Operations
The announcement comes after the Hong Kong Special Administrative Region Government announced a proposed 2023-24 Budget. Within that proposal, a Special Football Betting Duty (SFBD) is established. The duty, which is effectively a charge on all bets for football, is expected to deliver HK$12 billion ($1.53 billion) in proceeds over the next five years. A […]
Blockchain
February 22, 2023
Hong Kong Considers Crypto Trading, Launches Consultation on Rules
Currently, China has tough regulations when it comes to crypto trading. In fact, the country has cracked down on the activity and banned such transactions in an effort to protect its population from speculative transactions and fraud attempts. This crackdown resulted in many Chinese crypto-focused web3 businesses giving up on the opportunity to operate within […]
Casino
November 30, 2022
Hong Kong Influencers Arrested for Promoting Gambling Websites
Seven Hong Kong influencers have been arrested by the police and are facing up to seven years in prison for promoting gambling websites online. Influencers May Have Been Hired by the Same Criminal Organization South China Morning Post reported that the Hong Kong police have arrested seven women because they are suspected of advertising gambling […]
Industry
November 18, 2022
Hong Kong Authorities Reveal Inmates’ Tactics to Conceal Gambling
A crackdown on gambling in Hong Kong jails uncovered a variety of methods and tools inmates used to bet ahead of the FIFA 2022 World Cup kick-off this weekend, reported South China Morning Post. Betting Slip inside Toilet Paper Roll Upon completion of the operation, the Correctional Services Department displayed some of the methods and […]
Blockchain
October 28, 2022
Hong Kong Making a U-Turn on Retail Crypto Trading
Hong Kong may be moving away from China in terms of what the Special Administrative Region does with its cryptocurrency industry. A new report by Bloomberg suggests that the city is planning to go ahead with retail cryptocurrency trading. Digital asset trading took a hit last year amid strong opposition from cryptocurrency and blockchain industry […]
Legal
October 20, 2022
Hong Kong Illegal Betting Site Gang Busted
A Hong Kong criminal gang has been busted by police in the special administrative region. The band is tied to HK$40 million which was collected through an illegal gambling website that the gang members were running. This amounts to roughly $5 million of wagers collected by the criminal organization, which involves seven members. The arrestees […]
Industry
September 29, 2022
GKJC Launches Jockey Club Long COVID Rehabilitation Program
After expanding its board of stewards with new deputy chairman Eric Cheung and new chairman Michael Lee at the beginning of the month and announcing an impressive turnover of HKD 140 billion ($17.8 billion) for 2021-2022 in mid-July in spite of COVID restrictions, the Hong Kong Jockey Club (HKJC) has fresh news. The club has […]
Legal
September 16, 2022
HK Policemen Jailed for Helping an Illegal Casino
Three Hong Kong police members faked a raid to protect an actual unlicensed casino. An undercover cop reported their actions to the police, leading to their arrest. The trio was eventually sentenced to several months in prison. Three Policemen Helped Stage a Fake Raid The three convicts are the 56-years-old sergeant Chiu Kwong-lam, the 38-years-old […]
Industry
September 9, 2022
Hong Kong Jockey Club Names Michael Lee as Chairman
The Hong Kong Jockey Club, a provider of horse racing, sporting and betting entertainment, has named Michael Lee and Eric Cheung as chairman and deputy chairman respectively. Lee will succeed Philip Chen who worked as chair for the last two years. Several New Members Join the Board Lee will serve as the club’s chairman for the […]
