Betting and The Law
The HKJC has a legal monopoly over betting on horse racing and football. In 1974, it opened 6 off-course branches where the members of the public could wager on horse race meets at the club's Happy Valley racecourse. There are now in excess of 100 betting branches throughout the territory which accepts bets on racing and on soccer and buy Mark Six lottery tickets.
The HKJC was instrumental in persuading the Hong Kong government to pass the Gambling (Amendment) Bill 2002 to combat unauthorized cross-border gambling and the related promotional activities in Hong Kong, making it a criminal offence for any person in Hong Kong to bet with an unauthorized bookmaker, even when the bets are received outside Hong Kong. The offence applies to all visitors as well as to residents of Hong Kong.
It was also instrumental in persuading other members of the Asian Racing Federation to sign the Good Neighbour Policy on 1 September 2003.
Read more about this topic: Hong Kong Jockey Club
Famous quotes containing the words betting and/or law:
“What is faith but a kind of betting or speculation after all? It should be, “I bet that my Redeemer liveth.””
—Samuel Butler (1835–1902)
““... But here there is nor law nor rule,
Nor have hands held a weary tool;
And here there is nor Change nor Death,
But only kind and merry breath,
For joy is God and God is joy.””
—William Butler Yeats (1865–1939)