| Posted by: Got2Bet at May 24, 2002, 8:52 am | | Topic: Gambling Banned in Hong Kong..Dr Ho Forum: Winner Online |
Thanks, Mustang! If you wouldn't mind telling, where did this come from? That is the most comprehensive article I have seen so far - but still no official text LOL.
Note carefully in the paragraph about penalties - it specifically refers to bookmakers - not operators.
The bit about advertising phone numbers or websites is extremely ague LOL. I take this to mean advertising in traditional media, as the Ordinance in the past did NOT include websites which were out of their jurisdiction, and in this case I think it may well be the same.
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| Posted by: mustang at May 24, 2002, 8:30 am | | Topic: Gambling Banned in Hong Kong..Dr Ho Forum: Winner Online |
Here is what I got from an online news source:
The Gambling (Amendment) Ordinance will make punters and unauthorised bookmakers preparing to cash in on the World Cup football finals liable to heavy penalties, along with banks, mass media, pub owners and others who help them or provide enues. It will also deal a severe blow to Macau gambling interests that rely heavily on telephone bets from Hong Kong.
Ho, who runs gambling operator Sociedade de Jogos de Macau (SJDM) and the Macau Jockey Club, said telephone bets from Hong Kong accounted for about 60 per cent of SJDM's total telephone bets.
Last night, spokesmen for three Macau gambling operators, the Macau Jockey Club, Macau Slot and Macau Dog - all subsidiaries of Ho's gambling enterprises - also condemned the new law. ``It will seriously threaten our survival. It'll also adversely affect the Macau economy,'' a spokesman for the Macau Jockey Club said.
He said the club expected a 30 per cent plunge in business becaus... | | Read Entire Entry |
| Posted by: Got2Bet at May 24, 2002, 8:10 am | | Topic: Gambling Banned in Hong Kong..Dr Ho Forum: Winner Online |
More early and unofficial news from a legal source - it is looking ery much as if online casino gambling is NOT covered by the amended Gambling Ordinance. This is not an official nor final opinion.
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| Posted by: mustang at May 24, 2002, 8:06 am | | Topic: Gambling Banned in Hong Kong..Dr Ho Forum: Winner Online |
12%? Is that good or bad?
The question is, "how many of those residents would have bet on it before the ban"? If 75% were going to bet on it then 12% isn't good. If 15% were going to bet on it before then 12% is ok.
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| Posted by: Got2Bet at May 24, 2002, 12:33 am | | Topic: Gambling Banned in Hong Kong..Dr Ho Forum: Winner Online |
Where did you find that, Jetset? Very useful info there...
I suspect the new legislation will have little impact - the only difference is that it kind of closed one loophole LOL - and opened up a whole bunch of others in the process!
CPA - He's not rich enough LOL - some of his contemporaries are richer than he is. But he does have great influence and respect - and certainly as far as the gambling world is concerned, he is the truly authoritative oice.
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| Posted by: Jetset at May 23, 2002, 10:52 pm | | Topic: Gambling Banned in Hong Kong..Dr Ho Forum: Winner Online |
Good discussion. Have you seen the ery recent survey results from NFO World Group which are now ery timely eg
"But according to a new study by market research firm NFO WorldGroup 12 percent of 835 Hong Kong residents surveyed said they were planning to defy current laws and bet on the World Cup.
"Of those who said they would place bets on the World Cup, 70 percent said they would arrange them with foreign bookmakers over the Internet. That compares to 34 percent who said they plan to try and place bets with local syndicates."
[This message has been edited by Jetset (edited 05-23-2002).]
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| Posted by: Got2Bet at May 23, 2002, 8:15 pm | | Topic: Gambling Banned in Hong Kong..Dr Ho Forum: Winner Online |
Very true. But the problem with this legislation is that it will not increase the flow of money to the Jockey Club. If anything, it may slow the flow of funds going to overseas bookmakers... but right before the World Cup? Don't think people are going to stop betting just because of this silly new legislation LOL. All that will happen is that illegal bookies in HK will make more!
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| Posted by: HKGambler at May 23, 2002, 7:52 pm | | Topic: Gambling Banned in Hong Kong..Dr Ho Forum: Winner Online |
I think it's not just a matter of face, it's largely out of the necessities that the severity of soccer betting has immensely grown in recent years that billions of dollars have flown to the offshore soccer bookers instead of to the HK Jockey Club's pools.
The HK govt. is obviously so undersighted. Sooner or later people who used to gamble soccer will continue to gamble somewhere, somehow. If not, this legislation is solely built as a prerequisite to pave way for future legalization of soccer betting to serve for the govt.'s own objectives.
As for now, not sure about any sites in HK taking action in preparation. One thing is for certain, some will & some won't, as I already heard that ATV International will continue to fulfill its contract with Macau Jockey Club to telecast their racings live.
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| Posted by: Got2Bet at May 23, 2002, 5:46 pm | | Topic: Gambling Banned in Hong Kong..Dr Ho Forum: Winner Online |
What a crappy excuse to make waves - they passed the law just to save face - because they promised they would. And sure enough it's full of holes.
Do you see any sites in HK taking action in preparation - or perhaps changes in the way people are doing things? I'd be really curious to know...
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| Posted by: HKGambler at May 23, 2002, 3:53 pm | | Topic: Gambling Banned in Hong Kong..Dr Ho Forum: Winner Online |
True, the enforcibility to general gamblers is near zero. This, some high officials have earlier, publicly & implicitly admitted.
The psychological impacts are there.
Effective next Friday, 31 May 2002. What a perfect match & thought out scheme to combat World Cup Soccer betting!
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| Posted by: Got2Bet at May 23, 2002, 7:59 am | | Topic: Gambling Banned in Hong Kong..Dr Ho Forum: Winner Online |
Will wait to see what legal counsel says - but I'm still of the opinion that there are too many holes which have been left open.
As for gamblers, the government has already admitted that they are essentially helpless with regard to the issue of prosecuting the gamblers. Can you imagine them getting a search warrant from a judge just to go see if someone is gambling in their home?
I predict that the legislation will definitely have some impact - but not nearly as much as the government and Jockey Club would hope for - and frankly, I bet they already know it too.
Meanwhile, Stanley Ho's on the warpath - and I bet he has enough influence to force some changes...
Do you happen to know on what date this legislation will take effect? I know it will be before May 31 for sure...
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| Posted by: HKGambler at May 23, 2002, 7:24 am | | Topic: Gambling Banned in Hong Kong..Dr Ho Forum: Winner Online |
Quote: Originally Posted by luckystrike:
I'm also wondering its almost impossible for a chinese person (ok i know this has nothing to do with Hong Kong) to gamble on the internet - the government does not allow credit cards and wires - and ISP's seem to be filtrating gambling sites.. yet the chinese are long known to be born gamblers - it seems like the government is treating them like naughty children..so how can a chinese use an online site?
Yes, your comment is correct. This had long been what the Mainland China doing to its people.
Regarding the new legislation of HK, it will cover all internet gambling by writing. But in effect I think it's pinpointed largely to sports betting, soccer in particular.
The ever intensifying situation in offshore soccer betting in the past 3~4 years gave birth to today's legislation. This issue had been kicking around for heated arguments amongst the govt. officials & legislators for more than 2 years.
Anyhow... | | Read Entire Entry |
| Posted by: Got2Bet at May 23, 2002, 5:30 am | | Topic: Gambling Banned in Hong Kong..Dr Ho Forum: Winner Online |
The article is ague. The legislation is surely a bit more specific than this, but it appears to have been interpreted liberally to say the least.
An editorial in the same paper says that
Quote:
Mind-boggling figures that have forced the government to act. Yesterday's decision to bring in legislation banning betting on football is the net result. As a lesson in futility, it rivals Senegal's dreams of actually winning the World Cup. Badly thought out, the new regulations will be nearly impossible to enforce and appear nothing more than a knee-jerk reaction to a problem that has been around for more than 30 years.
and this is basically what I am counting on - ban only applies to football, and legislation has more holes than swiss cheese.
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| Posted by: luckystrike at May 23, 2002, 5:26 am | | Topic: Gambling Banned in Hong Kong..Dr Ho Forum: Winner Online |
I'm also wondering its almost impossible for a chinese person (ok i know this has nothing to do with Hong Kong) to gamble on the internet - the government does not allow credit cards and wires - and ISP's seem to be filtrating gambling sites.. yet the chinese are long known to be born gamblers - it seems like the government is treating them like naughty children..so how can a chinese use an online site?
[This message has been edited by luckystrike (edited 05-23-2002).]
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| Posted by: Got2Bet at May 23, 2002, 5:02 am | | Topic: Gambling Banned in Hong Kong..Dr Ho Forum: Winner Online |
SCMP, unfortunately, is subscription-based.
I am still looking for the exact wording of the new legislation - but early signs point to it covering only sports betting.
However, Stanley Ho is not happy:
http://hk-imail.singtao.com/inews/p...2788&intcatid=1
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| Posted by: luckystrike at May 22, 2002, 11:04 pm | | Topic: Gambling Banned in Hong Kong..Dr Ho Forum: Winner Online |
a new policy has gone through which makes gambling illegal for Hong Kong residents...see .. www.scmp.com .. so will this mean that adverts on Hong Kong websites will be removed !? - i would like to see what Dr Ho comments on this..
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