Hong Kong football chief open to legalising gambling<\/a><\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"Police seized gambling paraphernalia, liquor and other illegal items worth over HK$500,000 (US$64,000).<\/p>\n","protected":false},"author":176,"featured_media":33583,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Hong Kong police conducted extensive raids in Yuen Long, arresting 122 individuals for illegal gambling, drug trafficking, and money laundering, seizing over HK$500,000 in illicit assets. Concurrently, the Hong Kong government is consulting on a proposal from the Hong Kong Jockey Club (HKJC) to legalize basketball betting, aiming to regulate an estimated HK$70bn-HK$90bn illegal market and generate substantial tax revenue through amendments to the Betting Duty Ordinance.","focusai_entities":"Hong Kong Jockey Club, Chan Chun-ying, Legislative Council\u2019s Finance Committee, Police","focusai_location":"Hong Kong, Yuen Long","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (0.8), investor_analyst (0.9), payments_fraud_aml (0.8), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Basketball Betting GGR Projections?","query":"What are the specific legislative timelines for the Betting Duty Ordinance amendments, and what is the projected GGR contribution from legalized basketball betting in its initial years, considering the estimated illegal market turnover?"},{"label":"Regulatory Framework Impact?","query":"How will the proposed regulatory framework for basketball betting, particularly regarding bet types, competition restrictions, and responsible gambling mandates, mitigate potential cannibalization of existing regulated verticals or address problem gambling concerns?"}],"footnotes":""},"categories":[16338,439],"tags":[20326],"class_list":["post-777025167","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-legal-news","tag-illegal-gambling"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025167","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=777025167"}],"version-history":[{"count":6,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025167\/revisions"}],"predecessor-version":[{"id":777025221,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025167\/revisions\/777025221"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/33583"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777025167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777025167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777025167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}