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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 […]
Industry
September 29, 2022
GKJC Launches Jockey Club Long COVID Rehabilitation Program
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 […]
Legal
September 16, 2022
HK Policemen Jailed for Helping an Illegal Casino
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 […]
Industry
September 9, 2022
Hong Kong Jockey Club Names Michael Lee as Chairman
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 […]
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 […]
