Tuesday, July 27
The Latest in hong kong
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Industry

Hong Kong Police Deal a Major Blow to Illegal Gambling

Illegal gambling rings were put on notice, as Hong Kong police announced a major breakthrough against Triad-controlled gambling. Local authorities arrested 18 people in connection with the largest illegal gambling operation in the last decade. Police disclosed that the illegal bookies had handled over $400 million in bets on horse racing and soccer over the […]
Hong Kong Police Deal a Major Blow to Illegal Gambling
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Business

500.com to Boost Loto Interactive Stake via $13.5 Million Deal

500.com has entered a deal to acquire 169 million shares of Loto Interactive, a Hong-Kong-based lottery services provider, for $13.5 million. From 33.7% to 54.2% Stake Chinese top online lottery provider 500.com will acquire about 169 million shares of Loto Interactive, boosting its current 33.7% stake in the Hong-Kong-based lottery services company to about 54.2%. […]
500.com to Boost Loto Interactive Stake via $13.5 Million Deal
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Trading

Century Entertainment Reduces Debt via Capital Reorganization

Bermuda-based gaming investor Century Entertainment International Holdings announced in a filing to the Hong Kong Exchanges and Clearing (HKEX) and the Stock Exchange of Hong Kong (SEHK) December 30, 2020 a capital reorganization plan. 4-Step Capital Reorganization The Board of Century Entertainment proposed the company’s shareholders to approve a capital reorganization plan which consists of […]
Century Entertainment Reduces Debt via Capital Reorganization
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Blockchain

Industry Disagrees with Hong Kong’s Planned Crypto Regulation

The Bitcoin Association of Hong Kong disagrees with the city’s wave of crypto regulations and warns that they may hurt the city’s innovation and financial inclusion. Hong Kong May Overregulate Crypto The Bitcoin Association of Hong Kong has criticized the city’s cryptocurrency regulation plan. The association is appealing to regulators to reconsider the potential impact […]
Industry Disagrees with Hong Kong’s Planned Crypto Regulation
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Industry

Sixteen Arrested, US$3 Million in Chips Confiscated During Police Raid on Underground Gambling Hall for High Rollers in Hong Kong

Illegal gambling activity in Hong Kong is on the rise during the Covid-19 pandemic. Well-Off Gamblers Spent Up to US$1.3 million Per Night in the Illegal Penthouse Police in Hong Kong have arrested 16 people during a raid of a suspected illegal luxury casino this week. The establishment was functioning in a luxurious apartment block […]
Sixteen Arrested, US$3 Million in Chips Confiscated During Police Raid on Underground Gambling Hall for High Rollers in Hong Kong
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Sports

Hong Kong Off-Track Betting Venues Shutdown Until August

The Hong Kong Jockey Club has announced that it will shut down its off-track betting venues on July 18 until at least early August. The move is designed to help deter the rising cases of COVID-19 infections in the special administrative region. HKJC Announces Shut-down of Betting Shops Until August Hong Kong’s novel coronavirus recent […]
Hong Kong Off-Track Betting Venues Shutdown Until August
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Casino

Hong Kong Still Slow to Lift Traveling Restrictions to Macau

The government in Hong Kong is trying to introduce a screening process that would allow officials to clear some residents for travel to whitelisted locations, including Macau. Hong Kong’s Health Code Implementation Delayed Again Hong Kong will most likely need more time to implement the “health code” which would allow the government to monitor citizens […]
Hong Kong Still Slow to Lift Traveling Restrictions to Macau