Engelbrecht-Bresges warns that illegal betting markets, especially targeting 18-to-25-year-olds, are growing faster than HKJC's legal offerings, with illegal operators earning about US$3 billion in advertising annually.
He criticizes major tech platforms like Meta and Google for excluding Hong Kong and mainland China from AI-powered illegal gambling suppression, and rejects casino collaborations, emphasizing the incompatibility with racing’s brand and future.
The HKJC’s new IT investment aims to modernize wagering, personalize customer experience, and counteract challenges from prediction markets and shifting customer behaviors, as racing faces pivotal choices shaping its long-term viability.
Tech giants profit from illegal betting ads in Asia. What can regulators do when global platforms won't cooperate?
Can a $9 billion AI-powered betting platform win back young gamblers from unregulated crypto and sports sites?
With Middle East racing thriving without betting, does the industry's future rely on sport or on gambling revenue?
Prediction markets face US legal battles. Is this a new form of finance or just unregulated global sports betting?
As US tracks embrace casinos to survive, is Hong Kong’s anti-'racino' stance a luxury or a visionary brand strategy?
With US lawsuits raging over computer wagering, can differential fees truly level the playing field for average bettors?