Ungated Post | 09 Sep 2016
Impact of illegal gambling in Hong Kong
Gambling is a regulated market in Hong Kong, with the Hong Kong Jockey Club (HKJC) being the only authorised operator. However, a substantial illegal market, exists alongside the legal market. This report examines the social and economic harms which illegal gambling imposes on Hong Kong. Using survey evidence it finds that illegal gamblers tend to include a high proportion of excessive gamblers amidst their ranks, and therefore tend to be more susceptible to the social harms (e.g. debt, bankruptcy, family problems) that excessive gambling brings. In addition, it explores the financial and economic implications of reducing the size of the illegal gambling market.
Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.
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