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    The estimated amount of illegal betting on Hong Kong horse racing hit about $12.8 billion last year, about matching the $13.8 billion bet legally, HK Jockey Club CEO Winfried Engelbrecht-Bresges told the Asian Racing Conference in India. He said the majority of those illegal wagers in Hong Kong were coming from the Philippines. “Very specifically […]

    CITIbet in spotlight as authorities target illegal gambling

    Horse racing authorities are intent on closing the net on exchange CITIbet, but leading officials in the sport admit “there is no silver bullet” and say they will need government and law enforcement assistance.