Hong Kong Archives

Hong Kong’s Record Prize Money Increase Includes Group Races

July 16, 2021

£136.2 million up for grabs in 2021/22 season, with £9.3 million in the four Group 1s on LONGINES Hong Kong International Raceday Hong Kong racing will offer record prize money of HK$1.46 billion (£136.2 mil...

Hong Kong To Expand Pilots For Cross-Border Use Of Digital Yuan

May 13, 2021

The first phase of tests for use of the China's central bank digital currency (CBDC) - digital yuan across borders has been successful, the Hong Kong Monetary Authority has said. The Digital Currency Institu...

Genting Hong Kong to help Dream Cruises sail again via new US$248 million shares subscription

April 18, 2021

Genting Hong Kong has boosted its stake in Dream Cruises as part of a US$307 million deal aimed at keeping the global cruise ship operator afloat. The three-way transaction sees Genting Hong Kong’s wholly-ow...

Genting Hong Kong Announces $1.72bn Loss in 2020

April 2, 2021

Genting Hong Kong has published its unaudited financial results for 2020, after informing its board that the annual results will be delayed. In the unaudited version, the operator showed it obtained revenu...

Genting Hong Kong reveals US$1.72 billion loss in 2020 but confident of lender support

April 1, 2021

Asian-based cruise ship operator Genting Hong Kong says it remains confident its lenders will support a restructuring of its outstanding debts, despite suffering a massive US$1.72 billion loss for the year en...

Hong Kong Jockey Club Adds Dubai World Cup Meet To World Pool Betting

March 24, 2021

The Hong Kong Jockey Club has announced it will offer World Pool betting for the Dubai World Cup meeting at Meydan Racecourse this Saturday 27 March 2021. The addition of the Dubai World Cup comes after Duba...

Genting Hong Kong warns of US$1.5 billion loss for FY20

March 14, 2021

Global cruise ship giant Genting Hong Kong has issued a profit warning on expected losses of at least US$1.5 billion for the year ended 31 December 2020. The company said via a Hong Kong Stock Exchange annou...

Genting Hong Kong seeking US$600 million subsidy from German government to save its MV Werften shipyards

February 25, 2021

Troubled cruise ship operator Genting Hong Kong is in talks with the German government over a possible US$600 million rescue package to save its MV Werften shipyard group from insolvency. The package, if agr...

Crypto Exchanges Warn against Hong Kong’s Retail Trading Ban

February 15, 2021

Global Digital Finance, an advocacy group of cryptocurrency exchanges, has warned against Hong Kong’s proposed ban on retail traders that might drive them towards unregulated platforms, according to the South...

Hong Kong Elite Among 16 Detained In Raid Of Illicit Luxury Casino

December 25, 2020

Hong Kong Elite among 16 detained in raid of illicit luxury casino. Hong Kong police detained 16 people this week after raiding an illegal casino housed in a luxury apartment block in the Tsim Sha Tsui shoppi...