How will the Hong Kong Jockey Club manage basketball betting risks?

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Hong Kong Jockey Club's Approach to Managing Basketball Betting Risks

The Hong Kong Jockey Club is anticipated to be the sole entity licensed to operate basketball betting. A key provision within the Betting Duty (Amendment) Bill 2025 allows licensed operators, including the Jockey Club, to engage in placing bets with other gambling entities as a method for managing risks associated with their operations.
Licensed Operators Can Bet with Other Entities

The Betting Duty (Amendment) Bill 2025 explicitly includes a clause that permits licensed basketball betting operators to place bets with other gambling entities. This mechanism is designed as a risk management strategy, enabling operators to mitigate potential financial exposures.
Legalisation Aims to Combat Illegal Gambling

The introduction of legalised basketball betting in Hong Kong is intended to address public demand for such activities. By providing regulated channels, authorities aim to divert bettors away from illegal operators and the associated risks of unregulated gambling markets.
Government Approval and Legislative Process

The Betting Duty (Amendment) Bill 2025 received legislative approval on a Thursday. This followed two rounds of committee reviews held in July, with a significant majority of lawmakers, 77 in favour, voting to pass the bill.

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How will the Hong Kong Jockey Club manage basketball betting risks?

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