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 […]
An illegal casino was busted by the Hong Kong police. Located in the Selwyn Factory building in Kwun Tong, one of the city’s eighteen districts, the gambling space provided betting games for dozens of people. A police action swept the 1,600 square-foot improvised casinos and arrested 48 people in total. One of them surprisingly was a police officer from […]
Hong Kong has seized $463 million in illegal gambling wagers placed on the Euro 2020 and arrested over 800 suspects. Hong Kong Busts Major Sports Gambling Rings Euro 2020 is long over, but the ripple effects can still be felt. In places such as Hong Kong, police have been on the lookout for activity that […]
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 […]
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%. […]
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 […]
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 […]
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 […]
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 […]
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 […]
