Lottery Hongkong is a game run by the Hong Kong Jockey Club and has gained international recognition. Its 6/49 format draws twice a week and offers a variety of prize tiers. Currently, the lottery is managed through a traditional online platform and live TV broadcasts, but the HKJC has plans to switch over to blockchain technology in the future.
A smuggling ring has been caught trying to smuggle tickets for the Hong Kong Mark Six lottery out of the country, media outlet HK01 reported. The smugglers were using a river to ship the lottery tickets from Hong Kong to Macau and mainland China. The tickets were worth more than $20,000 at face value. The smugglers also tried to export smartphones and tablets. The Hong Kong Customs and Excise Department seized the shipment and arrested the smugglers.
The HKJC is the city’s non-profit gambling operator with a monopoly on horse racing, football and the Mark Six lottery. It pays a betting duty to the government and donates significant sums of money to the community on a regular basis. HKJC warned that an increase in betting duty could hurt its business, but the company said it would continue to make donations.
Billionaire investor Bill Ackman is shorting the Hong Kong dollar on a’smart lottery ticket’ bet that the currency’s dollar peg will break as interest rates rise, veteran trader Boaz Weinstein said. The former CEO of Gotham Partners and Pershing Square Capital Management has made many outsized trades in his 30-year career. Here are seven of his biggest wins and losses.