{"id":777001862,"date":"2023-01-30T13:30:07","date_gmt":"2023-01-30T16:30:07","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777001862"},"modified":"2026-04-23T01:06:58","modified_gmt":"2026-04-23T04:06:58","slug":"npp-defends-proposal-to-raise-football-betting-duty","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/npp-defends-proposal-to-raise-football-betting-duty","title":{"rendered":"NPP defends proposal to raise football betting duty"},"content":{"rendered":"\n<p>Regina Ip Lau Suk-yee says the Hong Kong Jockey Club has overreacted to the party&#8217;s proposed tax increase.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Hong Kong.-&nbsp;Hong Kong government adviser <strong>Regina Ip Lau Suk-yee<\/strong> has defended the&nbsp;<strong>New People\u2019s Party<\/strong>&nbsp;(NPP) proposal to increase&nbsp;<strong>Hong Kong\u2019s football betting duty<\/strong>&nbsp;from 50 per cent to 80 per cent. She says Hong Kong Jockey Club &#8220;overreacted&#8221; in its <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/hkjc-opposes-increase-in-football-betting-tax-to-80\" target=\"_blank\">statement<\/a>&nbsp;against the proposed increase.<\/p>\n\n\n\n<p>The HKJC had warned the move could&nbsp;<strong>deeply damage its current business model<\/strong>&nbsp;and Hong Kong\u2019s global reputation as a racing jurisdiction, jeopardising the public interest. However, Regina Ip Lau Suk-yee said she believed there was room for the increases because<strong> football betting operates at lower costs<\/strong>.<\/p>\n\n\n\n<p>She argued that horse racing involves costs not associated with football betting, such as maintenance and upkeep of horses, and that as such football betting should give more money to the government. In the fiscal year that ended June 30, 2022, the HKJC earned HK$19.7bn from football bets, compared to HK$19.4bn from horse racing.<\/p>\n\n\n\n<p><strong>See also:&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/hkjc-chinese-new-year-race-day-sees-highest-betting-since-1997\" rel=\"noreferrer noopener\">HKJC: Chinese New Year race day sees highest betting since 1997<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Regina Ip Lau Suk-yee says the Hong Kong Jockey Club has overreacted to the party&#8217;s proposed tax increase.<\/p>\n","protected":false},"author":176,"featured_media":16278,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The New People's Party in Hong Kong proposes increasing football betting duty from 50% to 80%, a move defended by government adviser Regina Ip Lau Suk-yee, citing lower operational costs for football betting compared to horse racing. The Hong Kong Jockey Club (HKJC) has expressed strong opposition, warning of severe damage to its business model and Hong Kong's global reputation as a racing jurisdiction. This legislative proposal directly impacts the HKJC's GGR and NGR from a significant gaming vertical.","focusai_entities":"Regina Ip Lau Suk-yee, Hong Kong Jockey Club, New People\u2019s Party","focusai_location":"Hong Kong","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (0.8), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Impact on HKJC NGR?","query":"What is the projected impact on the Hong Kong Jockey Club's Net Gaming Revenue (NGR) and charitable contributions if the proposed 80% football betting duty is implemented?"},{"label":"Regulatory Precedent?","query":"What precedent could this proposed increase in betting duty set for taxation across other gaming verticals or jurisdictions within the APAC region's regulatory landscape?"}],"footnotes":""},"categories":[16338,155],"tags":[22317,233],"class_list":["post-777001862","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-sports-betting-news","tag-hong-kong-jockey-club","tag-sports-betting"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777001862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777001862"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777001862\/revisions"}],"predecessor-version":[{"id":777001900,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777001862\/revisions\/777001900"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16278"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777001862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777001862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777001862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}