Industry
July 22, 2022
Hong Kong Police Busted Illegal Gambling Ring, Arrested 48 People
Authorities in Hong Kong reported Thursday one of the biggest crackdowns on illegal gambling in the country that has allegedly generated in excess of HK$33 million ($4.2 million) over two years. Raid on Illegal Gambling Establishments Police officers raided in the early hours seven gambling dens in Yau Ma Tei, Mong Kok, Sham Shui Po […]
Sports
July 18, 2022
The Hong Kong Jockey Club Posts $17.8 Billion Turnover
Despite the continuing challenges posed by the pandemic, the non-profit horse racing and sports betting provider the Hong Kong Jockey Club reported record profits for the financial year 2021-2022 with an increase in turnover of 3% year-on-year. Record-Breaking Turnover The Hong Kong Jockey Club announced a whopping turnover of HKD 140 billion ($17.8 billion) for […]
Casino
May 30, 2022
Police Arrest Suspect in Gambling-Related Fatal Stabbing
Clamping down on illegal gambling in Hong Kong has won a bit of notoriety over the past several years with gambling den busts often ending up in epic chases across the city or worse – in accidents with people losing their life over gambling. The fate of a 46-year-old-man who was stabbed to death on […]
Industry
May 12, 2022
Suncity Group Starts Unwinding Subsidiaries to Lenders
Troubled junket operator Suncity Group filed with the Hong Kong Stock Exchange (HKSE) Tuesday to inform the exchange that the company had reached an agreement to sell Goal Explore Investment Limited and Boshing Investments Limited Selling Indebted Businesses for Nominal Value Suncity Group, which recently had its junket license suspended by the Philippine Amusement and […]
Business
March 30, 2022
Suncity Group 2021 Report Casts Doubts on Company’s Future
Suncity Group, the junket operator at the core of money laundering issues for Australian casino operators Crown and Star, released its full year 2021 financial results, stating that the business can continue operating in the next 12 months on a going concern basis. Material Uncertainties on Ability to Continue as a Going Concern The group […]
Legal
February 17, 2022
Hong Kong Influencer Faces Seven Years in Jail Over Illegal Gambling Promotion
The South China Morning Post reported that Hong Kong police have conducted an arrest of a 26-year-old social media influencer who is allegedly tied to illegal gambling. Authorities carried a raid and apprehended So Mei-yan, also known by other monikers as Cry So or So Miu-Miu. The arrest occurred earlier this week on Monday and […]
Industry
February 7, 2022
Lunar New Year Brings Great Results to the Hong Kong Jockey Club
The Hong Kong Jockey Club (HKJC) isn’t letting something like a pesky global pandemic get in its way of strong performances. With HK$1.86 billion ($238 million) worth of bets on the Lunar New Year race at Sha Tin, The Hong Kong Jockey Club has broken another record for turnover. HKJC Strong Out of the Gate […]
Legal
February 4, 2022
Two Men Fall 10 Stories Trying to Escape Gambling Raid
Illegal gambling has been a problem in Hong Kong society and now, it has cost the lives of two men trying to escape authorities who raided their illegal gambling den. Anti-Gambling Raid Ends up with Two Men Dying Trying to escape the law often has severe and unfortunate consequences. This is what happened on Wednesday […]
Industry
December 6, 2021
Hong Kong Not Deterred by Omicron As Travel Restrictions to be Lifted
In a significant step towards opening its borders to mainland China and Macau, the Hong Kong government announced that it will open the new “Hong Kong Health Code” system for registration starting this Friday, December 10. Hong Kong Recovery Continues The new system, which aligns with the respective health code tracking systems of the three […]
Industry
August 26, 2021
Hong Kong Customs Busts Major Money Laundering Operation
Five men have been arrested for money launder when trying to cross the Hong Kong-Zhuhai-Macau Bridge. Hong Kong customs officers claim that the men participated in operations that illegally transported over $22 million in cash that is believed to have been acquired through fraud. The case was reported by the Hong Kong Government itself. A […]