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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
