'Anti-scalping Rule For Sports Venues May Not Work'
"); jQuery("#212 h3").html("

"); });
2022-04-22 HKT 11:32
DAB lawmaker Frankie Ngan on Friday cast doubt on a new policy against scalping in relation to public sports facilities, saying it could even make the problem worse.
Under new rules that will come into force on May 1, a person who books a government recreation or sports facility must be present during the booked session.
Authorities will conduct spot checks, and anyone who flouts the rule twice in a month will be banned from booking paid facilities for 90 days.
But speaking a day after the measure was announced, Ngan told an RTHK show that people could easily get around the rules and sell the slots they book at an even higher price.
"They can employ someone to book the sports centres and stay there, and they can sell the booking to a player. They need to pay a higher cost for employing the one who is booking the sports centre," he said.
Ngan said people should be punished the first time they violate the rule, and authorities should check every booked session – instead of just doing spot checks.
He added that the crux of the problem is the shortage of public sports facilities, and the government can do more to increase supply in the short-term.
"The government should borrow community centres and sports facilities from secondary schools, then in a short period, they can increase the sports facilities immediately," he said.
Ngan also urged the government to look at whether some sports venues currently being used for anti-Covid purposes could be converted back.
Ant International And Bank Of China Partner To Enhance Cross-Border Payment Connectivity
Ant International and Bank of China (Hong Kong) (“BOCHK”) announced a partnership which leverages BOCHK’s banking... Read more
BitGo Korea Gets Green Light For Virtual Asset Custody, Backed By SK Telecom
BitGo Holdings, Inc. (BitGo) announced that its subsidiary, BitGo Korea, Inc. (BitGo Korea), received its Virtual Asset... Read more
Webinar: When Account Takeover Moves Past Onboarding
Account takeover shows why fraud risk cannot be treated as an onboarding problem. Fraudsters are using stolen credentia... Read more
JCB To Trial Stablecoin Payments In Japan With Digital Garage And Lawson
JCB Co., Ltd. (JCB), Digital Garage, Inc. (Digital Garage), and Lawson, Inc. (Lawson) announced that they have jointly ... Read more
Bonnie Chan To Lead HKEX Until Feb 2030 After Securing Second Term
The HKEX Board of Directors has approved the renewal of the employment contract of Hong Kong Exchanges and Clearing Lim... Read more
Ripple Signs Its First Korean Regional Bank In Cross-Border Remittance Deal
Ripple, a blockchain-based enterprise solutions provider for traditional and digital finance, announced a partnership w... Read more
