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Toto (est. in 1968 and stylised as TOTO) is a legalised form of lottery sold in Singapore, known by different names elsewhere. It is held by Singapore Pools, the only legal lottery operator in Singapore.
During the 2014-2015 racing season the Hong Kong Jockey Club attracted about HK$138.8 million (US$17.86 million) per race more that any other track in the world. Hong Kong Jockey Club broke its own record during the 2016-2017 season with a turnover of HK$216.5 billion and paid the government HK$21.7 billion in duty and profits tax, an all-time ...
A lottery is a form of gambling which involves selling numbered tickets and giving prizes to the holders of numbers drawn at random. Lotteries are outlawed by some governments, while others endorse it to the extent of organizing their own national (state) lottery.
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The Hong Kong Stock Exchange is the seventh-largest in the world, with a market capitalisation of HK$30.4 trillion (US$3.87 trillion) as of December 2018. [224] Hong Kong is ranked as the 18th most innovative territory in the Global Innovation Index in 2024, [ 225 ] and 3rd in the Global Financial Centres Index . [ 226 ]
In 2002–2003, the betting turnover was HK$71 billion. After paying dividends of 58 billion and betting duty of 9.5 billion, its betting commission revenue was HK$3.9 billion. It contributes 11.7% of Hong Kong's tax revenue. Surpluses from its operation are allocated to The Hong Kong Jockey Club Charities Trust.
In 1994, Antigua and Barbuda passed the Free Trade & Processing Act, allowing licences to be granted to organisations applying to open online casinos. [9] Before online casinos, the first fully functional gambling software was developed by Microgaming, an Isle of Man-based software company.