{"id":777023446,"date":"2025-02-27T09:52:18","date_gmt":"2025-02-27T12:52:18","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777023446"},"modified":"2026-04-22T01:22:38","modified_gmt":"2026-04-22T04:22:38","slug":"hkjc-welcomes-proposal-for-legalisation-of-betting-on-basketball-in-hong-kong","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/hkjc-welcomes-proposal-for-legalisation-of-betting-on-basketball-in-hong-kong","title":{"rendered":"HKJC welcomes proposal for legalisation of betting on basketball in Hong Kong"},"content":{"rendered":"\n<p>The Hong Kong Jockey Club will submit a detailed proposal to the government.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Hong Kong.-<strong> The Hong Kong Jockey Club (HKJC)<\/strong> has expressed its support after the Hong Kong Special Administrative Region Government (HKSARG) invited it to propose a regulated framework for <a href=\"https:\/\/focusgn.com\/asia-pacific\/hong-kong-considers-legalising-sports-betting-on-basketball\" target=\"_blank\" rel=\"noreferrer noopener\">basketball betting<\/a> as part of the planned 2025-26 budget. It said it would submit a proposal to the government soon. <\/p>\n\n\n\n<p>The HKJC said in a statement: &#8220;The club agrees that there is a strong case for taking this important step as an effective means to combat and arrest the rising trend of illegal basketball betting, which leads to numerous social problems, such as loan sharking and underage gambling. According to the Club\u2019s estimates, the turnover of illegal basketball betting reached around HK$70bn (US$9bn) to HK$90bn (US$11.6bn) last year.&#8221;<\/p>\n\n\n\n<p>During discussions on the budget,\u00a0<strong>Chan Chun-ying<\/strong>, chairman of the Legislative Council\u2019s Finance Committee, said that adding basketball betting to regulated offerings could generate over NT$1bn (US$30.5m) in annual revenue from gambling tax.<\/p>\n\n\n<div id=\"see-also-container\"><\/p>\n<div class=\"related-article\"><img decoding=\"async\" class=\"related-article__thumbnail\" src=\"https:\/\/focusgn.com\/asia-pacific\/wp-content\/uploads\/sites\/5\/2021\/04\/Malaysia-blocks-2195-websites-for-promoting-online-gambling-300x200.jpg\" \/><\/p>\n<p class=\"related-article__text\"><span class=\"see-also-label-strong\">See also:<\/span> <a href=\"https:\/\/focusgn.com\/asia-pacific\/hkjc-to-discontinue-old-ewin-and-goalx-platforms\">HKJC to discontinue old eWin and GoalX platforms<\/a><\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The Hong Kong Jockey Club will submit a detailed proposal to the government.<\/p>\n","protected":false},"author":176,"featured_media":777020050,"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 Hong Kong Jockey Club (HKJC) will submit a detailed proposal to the Hong Kong Special Administrative Region Government (HKSARG) for a regulated basketball betting framework. This initiative aims to combat an estimated HK$70bn-HK$90bn illegal betting market, addressing associated social problems like loan sharking and underage gambling. The proposed framework is expected to generate over NT$1bn in annual gambling tax revenue as part of the 2025-26 budget.","focusai_entities":"The Hong Kong Jockey Club, Hong Kong Special Administrative Region Government, Chan Chun-ying, Legislative Council\u2019s Finance Committee","focusai_location":"Hong Kong","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (0.9), affiliate_publisher (0.7), product_ux (0.8), tech_data (0.8), marketing_crm (0.8), payments_fraud_aml (0.9), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Regulatory Framework Details","query":"What specific B2C licensing conditions, responsible gambling measures, and AML protocols are anticipated within the HKJC's proposed regulated basketball betting framework?"},{"label":"Market Impact Assessment","query":"How will the introduction of regulated basketball betting impact the estimated HK$70bn-HK$90bn illegal market, and what are the projected NGR contributions for the HKJC?"}],"footnotes":""},"categories":[16338,155],"tags":[22317,233],"class_list":["post-777023446","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\/777023446","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=777023446"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777023446\/revisions"}],"predecessor-version":[{"id":777023484,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777023446\/revisions\/777023484"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777020050"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777023446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777023446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777023446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}