Restricted Casinos in Hong Kong
As you know, Chinese people are one of the most hardworking Nations. But this nation has another distinctive feature – an incredible passion for the game. Chinese people always find a reason to put money for good luck in the game or lottery.
The first cases of addiction to gambling were mentioned more than 4000 years ago. Already from the 7th century AD there were organizations created particularly popular establishments where people played for money. Here there was some relationship: the higher and better the welfare of the Chinese people was, the more casinos in the country appeared. In the 14-17 centuries, this business was truly held in high esteem. Show more
Today lottery is allowed almost in the entire territory. In Hong Kong you can bet on the races.
Chinese like vacations on the ships, where they can play in a casino that works on board.
Chinese people are characterized by belief in fate and luck, so they are sensitive to amulets, locations, items numbers, which explains their attraction to the game, where the brain creates the illusion of control over the situation.
Even Confucius wrote that a decent person would not play for money. So the passion is seen here not as a disease but as an indicator of a good or a bad person from the point of view of morality.
Naturally, an important role in thirst for gambling was the fact that after increasing the welfare of ordinary Chinese people, they had the opportunity to tell the world that they can afford the game and throw money to tell everyone that they play with pleasure.
The Chinese government does not share the people’s love and try to prevent the development of gambling business where it is possible.
But, despite the fact that the government eradicated all gambling establishments and even started prohibiting websites, gambling that have been in the country for centuries, have not gone away. And hardly anyone will be able to get these people to abandon the kind of hobbies.
Not surprisingly, that there were no borders for desire of Chinese people to play. People played the debt with the money, fell into slavish dependence and were forced to work off their losses abroad. This explains such a high percentage of the labor force shipped from Hong Kong.
Casino of Hong Kong today
The rapid development of the gambling business in Hong Kong interested officials from Russia, where they had come to study the principles of its organization.
China is not going to stop there and plans to expand gambling site through the construction of a major resort in the Bahamas.
A monopoly on the right to legal gambling is given to the Jockey club of Hong Kong.
All other cases of manifestation of this entrepreneurship are against the law.
Online casinos in Hong Kong are no exception. If the authorities can’t get to the online casino, they make the players guilty. Right here it is prohibited not only the techniques of betting operators, but the results of their players.
Later there was made an amendment to this law where it was explained that the prohibition concerns the case where the bet is placed from Hong Kong, and not accepted in Hong Kong. And it doesn’t matter whether they used the Internet.
The game for residents outside Hong Kong, for example, Las Vegas or Macau, is not prohibited.
The attractiveness of business in Hong Kong
In Hong Kong there are ways to circumvent the rules that prohibit gambling. Tourists gamble in a casino in Hong Kong on board of the cruise ships for special purposes. Such cruises, as a rule, do not advertise to the public. But, nevertheless, if you wish, you may find a provider that offers a similar journey. They are very popular and allow you to enjoy not only games but also to enjoy the views of Hong Kong.
Tax benefits are the main argument for doing business in the Hong Kong structure. The cooperation with enterprises of China is very important today for many companies looking to grow and elevate their competitiveness in the world market. The tax regime proposed by Hong Kong, constituting a worthy competition to such offshore areas, has a number of advantages for different types of entrepreneurial activity. Show less
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