Hong Kong Casino Legal Age
Posted : admin On 1/4/2020Feb 17, 2008 Legal age for going to casino is 18 for visitor, 21 for Macau resident. It seems no one even enforce the drinking rule in HK and Macau. A 5 year old child can buy beer (just say buying for their parents. Hong Kong Gambling Laws & Legislation. All types of gambling are legal in Hong Kong but the government keeps a very close eye on what’s happening and regulations are tight. This page will provide a full overview of the situation and detail all laws relating to online and offline betting in Hong Kong. Online gambling, however, is illegal and while the law allows for pretty stiff penalties, players are generally not prosecuted. The legal age to place bets in this country is 18 although there is a growing movement to raise the age to 21. Does Hong Kong Tax Gambling Winnings? There are no taxes on gambling. Other Gambling in Hong Kong. The Hong Kong Jockey Club has been granted a monopoly on all other forms legal gambling. Proceeds from sports betting (football) horse racing, and the local lottery are funneled back into the community. In 2015/2016 the HKJC contributed over HK$26 billion making it one of the top ten charitable organizations in the world. Other Gambling in Hong Kong. The Hong Kong Jockey Club has been granted a monopoly on all other forms legal gambling. Proceeds from sports betting (football) horse racing, and the local lottery are funneled back into the community. In 2015/2016 the HKJC contributed over HK$26 billion making it one of the top ten charitable organizations in the world.
The Gambling Ordinance was enacted in 1977 to regulate gambling in Hong Kong.[1] People are allowed gamble for leisure and entertainment within these regulations at a limited number of authorized outlets. Social gambling is still allowed.
Legality[edit]
The government of Hong Kong restricts organized gambling to a few regulated outlets. The government enacted the Gambling Ordinance in 1977 to rein in excessive gambling while still providing gambling to the populace.[2] Gambling involving a bookmaker is illegal in Hong Kong.[2] Betting with a bookmaker and betting in a place other than a gambling establishment is illegal. The Hong Kong Jockey Club holds a government-granted monopoly on horse races, football matches, and lotteries.The revenue the club generates from various wagers makes it the largest taxpayer for the government.[3]
Hong Kong generates the largest horse race gambling turnover in the world. The Hong Kong Jockey Club founded in 1884, holds a monopoly on horse racing wagers, lotteries and football betting and is the largest taxpayer to the government.[3] In 2009, Hong Kong generated an average US$12.7 million in gambling turnover per race 6 times larger than its closest rival France at US$2 million while the United States only generated $250,000.[4]
Hong Kong Casino Legal Age Map
During the 2014-2015 racing season the Hong Kong Jockey Club attracted about HK$138.8 million (US$17.86 million) per race more that any other track in the world. Hong Kong Jockey Club broke its own record during the 2016-2017 season with a turnover of HK$216.5 billion and paid the government HK$21.7 billion in duty and profits tax, an all-time high.[5]
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Charities[edit]
Hong Kong Casino Cruise
Hong Kong has charities which have a goal to promoting responsible gambling practices among those who gamble and to minimizing the negative effects of problem gambling. Such charities also look for a balance between meeting the demand for gambling and maximizing the social and economic benefits of gambling for the community, while helping to minimize potential harm to individuals and the community.[2]
How gambling can destroy your life. Winning is short-lived because the person returns to the casino to win more and eventually, to chase his losses. And yes, gambling can ruin lives. Entertainment can lead to addictionGambling can be a harmless form of entertainment for many individuals but for the person with a compulsive, addictive personality, gambling can destroy his life. But each of these activities can be successful with careful planning. With gambling, however, there are no dependable plans.
Recent events[edit]
During the 2010 World Cup, police arrested 25 people for having an illegal gambling ring that took bets on World Cup matches worth more than 66 million Hong Kong dollars. Earlier in the year the Hong Kong police set up a task force to help stop illegal football gambling.[6]
See also[edit]
References[edit]
- ^Deans, R. (2001). Online gambling: changes to Hong Kong's gambling legislation. Gaming Law Review., 5(6), Retrieved from http://www.liebertonline.com/doi/abs/10.1089/109218801753336166?journalCode=glrdoi:10.1089/109218801753336166
- ^ abc'Responsible gambling policy'. Hong Kong Jockey Club. Retrieved 24 May 2015.
- ^ abBalfour, Fredrick (22 February 2016). 'Hong Kong Horse Racing Is Serious Business'. Bloomberg.com. Retrieved 7 March 2018.
- ^'Hong Kong's hardcore gamblers'. CNNMoney. Retrieved 7 March 2018.
- ^Mok, Danny (1 September 2017). 'Hong Kong Jockey Club has record-breaking year'. South China Morning Post. Retrieved 7 March 2018.
- ^Hong Kong police smash illegal world cup betting ring. (2010, June 13). Asia Pacific News, Retrieved from http://www.channelnewsasia.com/stories/afp_asiapacific/view/1062884/1/.html
External links[edit]
- The Study on Hong Kong People's Participation in Gambling Activities, Hong Kong Polytechnic University, March 2012
- Tse, Samson; Yu, Alex C.H.; Rossen, Fiona; Wang, Chong-Wen (2010). 'Examination of Chinese Gambling Problems through a Socio-Historical-Cultural Perspective'. The Scientific World Journal. 10: 1694–1704. doi:10.1100/tsw.2010.167. ISSN1537-744X. OCLC48386834. PMC5763971. PMID20842314.