What's the deal with HKJC, their monopoly and their lousy odds?

[hullexile]

I am sure a pro-authoritatrian poster will explain why the current system is so good.

That is getting very old and boring. Was ok the first 2000 times.

[East_coast]

That is getting very old and boring. Was ok the first 2000 times.

I find interesting to see how poor policy can be defended. The HKJC needed reform in the 90's it has never happened. I honestly would like to see if someone thinks the current structure of gambling is good in Hong Kong. There must be a reason why the current administration sits and does nothing.

[hullexile]

I find interesting to see how poor policy can be defended. The HKJC needed reform in the 90's it has never happened. I honestly would like to see if someone thinks the current structure of gambling is good in Hong Kong. There must be a reason why the current administration sits and does nothing.

For the same reasons they do very little on other issues, incompetence and that doing nothing will not get them in trouble. Big ticket items and "hubs" but stuff that improves life very little.

[East_coast]

For the same reasons they do very little on other issues, incompetence and that doing nothing will not get them in trouble. Big ticket items and "hubs" but stuff that improves life very little.

This should be an easy topic to criticize government policy as it is so bad and has completely ignored the last 30 years of development in communication technology.

[Vodka_Tonic]

@Blankman Read the report. So the company made a 4.34 billion dollars last year after paying off the taxes and donations.

[hullexile]

@Blankman Read the report. So the company made a 4.34 billion dollars last year after paying off the taxes and donations.

And where did that money go? You need to get some basic education. Look up the accounts of any large charity.

[Golem]

And where did that money go? You need to get some basic education. Look up the accounts of any large charity.

Virtually all the private international schools in HK are non profit organizations. If they wouldn't run a surplus, they would go out of business. Unfortunately, this little boy seems to think he knows enough about the world.

[Vodka_Tonic]

4.3 billion in surplus, are you kidding me? That is not even counting all the additional 'surplus' that was taken under the table.

The point is HKJC should not have this monopoly. Either ban gambling completely or make it competitive (by removing monopoly) so the residents can reap the benefits.

[jgl]

What are these social 'benefits' of competitive gambling that you seem so keen on?

[hullexile]

4.3 billion in surplus, are you kidding me? That is not even counting all the additional 'surplus' that was taken under the table.

The point is HKJC should not have this monopoly. Either ban gambling completely or make it competitive (by removing monopoly) so the residents can reap the benefits.

Or alternatively if it upsets you so much then just don't gamble with them.