The Home Affairs Bureau is the government body in charge of gaming in Hong Kong. Wabo娛樂城 The Bureau regulates gambling, arguing that gambling is associated with money laundering, chaos, and fraudulent activities. As a result, the Bureau limits the type of gambling and restricts its outlets. But can Hong Kong’s gaming industry survive with the presence of cruise casinos? Perhaps the answer is yes, but only if the government can regulate it. In this article, we’ll explore the legal forms of gambling and their impact on Hong Kong’s gaming industry.
Data keluaran Hongkong
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Legal forms of gambling
Since the advent of mobile technology and the widespread use of smartphones and tablets, illegal gambling websites have become more accessible to consumers. A recent survey found that at least 230,000 residents gamble on illegal gambling websites each month. Over HK$12 billion is lost annually through illegal gambling, which equals about 60% of the Government’s Community Care Fund. The money lost by illegal bookmakers could fund 17,000 more public housing units and close to 300 elderly homes, according to the study.
While gambling restrictions exist in Hong Kong, HKJC is the only legal operator. It separates its player funds from its operational funds. In addition, it gives back 79% of its profit to the community. In 2003, the HKJC established the Ping Wo Fund, which offers public education about gambling addiction, counseling services for gamblers, and further research on the subject. In addition, the Ping Wo Fund also provides funding for gambling research in Hong Kong.
While the government of Hong Kong does not explicitly regulate online casinos, the online gaming industry is booming in Hong Kong. Some people are betting on sports and horse races online. The Hong Kong Jockey Club is the only licensed sports betting organization in Hong Kong. But despite the laws, Hong Kong residents still prefer to gamble in Macau. And the government of Singapore is also cracking down on gambling, blocking many offshore gambling websites.
Impact of cruise casinos on the gambling industry in Hong Kong
Casinos on board cruise ships have significantly increased the gambling scene in Hong Kong, a city known for its gaming culture. While not technically operating within Hong Kong’s territorial waters, these casinos are extremely popular pastimes for visitors and locals alike. These casino cruise ships often gather hundreds of people every year for a night of gambling. The industry is in a transitional stage, and many questions remain unanswered.
In 2014, the police cracked down on two rival triad societies competing with one another to attract customers from mainland casinos. The two triads, Sun Yee On and Wo Shing Wo were at odds over control of a casino ship’s docking at the Hung Hom railway station. The close association between the operators of casino cruise ships and criminal networks has posed a net cost for Hong Kong society.
While the Chinese government has fought the illegal gambling industry, there is still a large market for illicit gaming. During World Cup 2014, the Hong Kong Police Force mounted intensive operations against illegal gambling and seized more than HK$750 million. Illegal gambling operators are increasingly aggressive, offering gamblers ferry tickets and hotel accommodations and recruiting young people through loyalty programs.
