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ExclusiveBasketball in Hong Kong set for ‘serious’ funding after city legalises betting
Jockey Club poised to announce significant investment to develop the sport’s grass roots, sources say
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A major restructuring of youth basketball in Hong Kong is expected to be announced this weekend, with the Jockey Club preparing to unveil a significant investment in the sport, sources have told the Post.
The game-changing development will reportedly be revealed on Saturday, and follows the decision by city lawmakers on Thursday to legalise betting on the game.
According to a previous estimate by the club, authorised basketball betting could generate HK$1.5 billion in tax revenue annually, though a source told the Post it may take three to four years to reach that level.
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