Bettors in Hong Kong are flocking to offshore Internet sites in search of greener pastures. Discounted bets offer potentially bigger returns from sports betting, and the lure of online casinos, where winners can now be paid fast, in 24 hours or less, is proving irresistible.
For over 100 years, the Hong Kong Jockey Club has enjoyed a comfortable monopoly on betting returns. It was once The “Royal” Jockey Club but the prefix was dropped in 1996 when the colony began to prepare for Chinese rule.
Horse racing began in 1846 when the British drained a fever-ridden swamp and called it Happy Valley racecourse. The only other course of note is named Shatin.
Hong Kong gamblers bet more than $ 11 billion on horse racing every year, and the Jockey Club hands over $ 1.6 billion of that to the government in betting duties and taxes.
Betting duties are a key source of income for the government; the Jockey Club provides about 11 percent of its tax revenues.
However, whereas the Jockey Club’s revenues are markedly down this year, the number of Internet users who visit offshore gambling sites is doubling every six months.
About $ 7 billion is lost to illegal bookmakers and Internet sites, so the Jockey Club is trying hard to protect its position, and encouraging legislation to ban Internet gambling, though the experts say this is impossible.
Another reason for the success of Internet bookmakers is that they can offer discounted bets on Jockey Club races.
Hong Kong is full of gamblers, and it’s estimated that at least 40 percent of Internet users in Hong Kong visited an online gambling site last December, almost 450,000 people. It may be a small number compared to Britain’s 3 million people a month visiting gambling sites, and 35 million in the United States, but it’s a trend the authorities can ill afford to ignore.
Some say that the government has no business trying to restrict online gambling, as long as the sites are licensed in their own territories.
Bettors are divided into two groups: those who favor casino-style games and those who like sports betting.
With a PC and credit card, it’s no longer necessary to make the trek to Happy Valley or off-track betting centers. For bettors who prefer online gaming, the casino is now on your desktop.
The casino sites that can give bettors what they want in terms of security, safety, guaranteed odds, game fairness, and the best games are more popular than ever.
One new site that’s worth visiting for the quality of their games and ultra-fast payouts is HongkongGambling.com.
Players can preview the games and find page after page of useful information about the casino. This site gives you the “lowdown” on everything you need to know to make Internet gambling enjoyable, entertaining, and completely safe.
Players can choose from a variety of great casino games including Blackjack, Craps, Paigow Poker, Roulette, Slots, and Video Poker.
To install the games, simply download the software, and you can begin playing the most exciting Las Vegas-style games on the Internet (voted Best Games of the Year).
As usual, you can play for fun, either offline or online, and play for real money when online.
The group of companies that owns and runs HongkongGambling.com has a history even more impressive than Hong Kong’s Jockey Club; they have been in business for over 140 years.
All the games have been tested millions of times to ensure game fairness, so a visit to this site is highly recommended.
Players are delighted that winnings are credited to their accounts so quickly and with no fuss.
New players qualify for FREE sign up bonuses of up to $ 900. It’s an offer that’s too good to resist.
You can sense the bustling thrill of Hong Kong, and the fascination of Internet gambling, right here.
To get your free bonus, download the free software, and play the Best Games of the Year, please visit the Company’s website now at: