Tag Archives: hong kong

The Hong Kong government is mulling whether to expand the number of sports available for betting in the city-region from two to three, a move which could change a long-standing policy. Gambling in Hong Kong has been limited to two sports, football and horse racing, in addition to lotteries, since a legislative act in 1977. All three activities are strictly …

Paul Chan Mo-po, the Finance Secretary of Hong Kong, will allow the Hong Kong Jockey Club (HKJC) to submit a proposal to extend its wagering rights to include betting on basketball. The announcement was made on Wednesday as part of the 2025/2026 Budget proposal for the Hong Kong Special Administrative Region Government (HKSARG). Budget measures for 2025/2026 aim to reduce …

The government of Hong Kong will review a submission to allow sports wagering on basketball, snooker, and tennis. The proposal forms part of 19 recommendations submitted by the statutory advisory council of Heung Yee Kuk (HYK) for Financial Secretary Paul Chan Mo-po to review as a new inclusion in Hong Kong’s budget. Established in 1926, HYK serves as the longest-standing …

The Hong Kong Jockey Club (HKJC) has confirmed the forthcoming appointment of James Bidlake, who will assume the role of Executive Director, Legal and Compliance (EDLC). Effective from 24 February, Bidlake will succeed Shella Ng as EDLC of Hong Kong’s exclusive racebook and pari-mutuel betting firm. As previously announced, Shella Ng will leave the company on 5 May 2025, having …

UK regulator in industry first as it reviews Evolution Gaming’s licence related to its supply of games to unlicensed websites. Jake Pollard follows an evolving narrative for 2025 that is likely to spread across all regulated markets. Industry stakeholders across Europe were put on alert just before Christmas when the UK Gambling Commission (UKGC) opened up a new front in …

The Hong Kong Jockey Club (HKJC) will be taxed a further HK$2.4 billion (€280m) per year for the next five years, due to new fiscal measures imposed by the Government of Hong Kong.    This week’s budget statement by HK Financial Secretary Paul Chen announced the special measure that a ‘temporary betting duty’ will be applied to HKJC wagers from fiscal …

Web3 engineering studio Hxro has been recruited to build a parimutuel, fixed odds,  standalone and free-to-play (FTP)  games suite for Asian gambling business network NYCE International.  The partnership will be based on a revenue share model that will see Hxro’s range of risk-based products and applications promoted to NYCE business partners. Hong Kong-based NYCE represents a “select number of intelligent, …

The board of the Hong Kong Jockey Club (HKJC) will be led by the new governance duo of Michael Lee as Chairman alongside Eric Li Ka Cheung serving as Deputy Chairman.  The appointment follows the restructuring of HKJC Board of Stewards, which saw members elect Lee as new Chairman to lead the corporate oversight of Hong Kong’s monopoly operator for …

The board of Playtech Plc has this morning announced that Hong Kong fund TTB Partners has been granted an extension period to submit a deal to acquire the FTSE250 technology group.  TTB Partners’ previous deal submission deadline was due by 17 June, a date that has been extended to Friday 15 July, as Playtech governance informed investors that ‘discussions between …

The board of Playtech Plc has stated confidence in achieving the group’s full-year 2022 commercial and corporate objectives following ‘an excellent start to year trading’.  Issuing a snapshot trading update, the FTSE250 gaming technology group revealed that positive Q1 trading had generated unaudited EBITDA results of more than €100 million, with the ‘run rate continuing through to April’.  Strong EBITDA …