Hong Kong to boost betting on horse racing
By Bookmakers Review12 May 2005
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 Hong Kong to boost betting on horse racing
The local government is considering new ways to bolster legal betting on horse racing after losing ground to illegal and overseas bookmakers.

Hong Kong's Home Affairs Bureau is looking to introduce a tax reform, switching from levying a tax on betting turnover to taxing profits after payouts.

The department also proposes a longer racing season and the introduction of new betting methods, such as fixed-odds betting.