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The Latest in hong kong
Business
February 23, 2024
Melco Resorts CEO Lawrence Ho Exits Hong Kong’s 50 Richest
Lawrence Ho, the founder, chairman, and CEO of Melco Resorts and Entertainment, has lost his position in Hong Kong’s 50 Richest list published by Forbes. The 47-year-old casino magnate and the eldest son of Macau’s late gaming pioneer Stanley Ho had been a regular on the list for the past ten years. However, macroeconomic pressures […]
Industry
January 29, 2024
Hong Kong Police Arrests 347 During Three-Day Operation
During a crackdown aimed at 252 illegal establishments and entertainment venues spread citywide across three days, Hong Kong authorities have completed 347 total arrests connected to triad-controlled sex, drug, and gambling businesses. Uncovered Illegal Businesses, Closed Down The hundreds of drug dens, gambling venues, and pubs that did not carry any licenses to function were […]
Industry
December 4, 2023
Police in Hong Kong Shuts Gambling Dens, Arrests 130 People
Despite the efforts of law enforcement, illegal gambling activities are common across China. Last month alone, law enforcement in Hong Kong busted multiple brothels and gambling dens in operations that resulted in the arrest of more than 300 people allegedly involved in those activities. The combined efforts of Hong Kong police authorities against triad operations […]
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 […]