| Hong Kong's Best Bet |
To many foreign and local horse racing
supporters, there is still nothing to beat horse
racing in Hong Kong. For the race-goers,
Hong Kong is a Garden of Eden in terms of
comfort and convenience of betting, but
there are potential threats to the territory and
its government. The fall in attendance and
betting turnover results in a large part from
the illegal and offshore wagering, which pay
higher dividends to punters than the Hong
Kong Jockey Club does.
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Combating Illegal
Wagering |
The advancement of technology for online
gambling and the revival of offshore
wagering not only have impact for societies
but also significantly reduce government
income. The Hong Kong government is
depending heavily on a limited source of
betting income, so needs to find appropriate
ways to combat the online gambling and
offshore wagering and secure the income for
the Jockey Club and in turn for itself.
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