Hong Kong Eyes Legal Basketball Betting with 50% Tax on Net Profits
Hong Kong is preparing to introduce legalized basketball betting, backed by overwhelming public support and a proposed 50 per cent tax on the operators’ net earnings. The initiative, currently under legislative review, aims to curb the widespread illegal betting market while introducing safeguards to protect vulnerable groups. Following a one-month consultation period in April, the […]
Hong Kong is preparing to introduce legalized basketball betting, backed by overwhelming public support and a proposed 50 per cent tax on the operators’ net earnings. The initiative, currently under legislative review, aims to curb the widespread illegal betting market while introducing safeguards to protect vulnerable groups. Following a one-month consultation period in April, the […]
