World Cup Will Fuel Gambling Among Youth: Charity

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2018-03-22 HKT 13:21

Share this story

facebook

  • The Caritas Addicted Gambling Counselling Centre says many young people get their first taste of gambling by betting on World Cup matches. Photo: RTHK

    The Caritas Addicted Gambling Counselling Centre says many young people get their first taste of gambling by betting on World Cup matches. Photo: RTHK

With just under three months to go before the start of the 2018 World Cup, the Hong Kong government's been urged to raise the city's legal minimum age for gambling from 18 to 21, to discourage young people from betting on the football matches.

The Caritas Addicted Gambling Counselling Centre warned on Thursday that many people are likely to get their first taste of gambling during the tournament.

The charity said there was a 30 percent surge in the number of people turning to its social workers for help with gambling-related issues immediately after the last World Cup in 2014.

The centre’s spokesman, Alfred Chan, said the competition is one of the most common reasons for young people to start gambling, and the administration should increase the legal minimum age for gambling to mitigate the effects of the tournament.

"We think that the World Cup is a very big issue .... we are always concerned that a number of people start their gambling during the World Cup and if the problem continues, we will predict the number of people becoming addicted will increase," Chan said.

The centre said a survey it carried out earlier this year involving 830 students at tertiary institutions found that around half had a gambling habit. Of the gamblers, around 70 percent liked to play the Mark Six, while 22 percent said they had placed bets on football matches. Some admitted the World Cup was likely to increase their desire to gamble.

The centre said one 23-year-old who had asked it for help had run up gambling debts totalling HK$200,000 over a nine-month period.

The charity said more than 300 people under the age of 25 had sought assistance at its centre since 2003.

RECENT NEWS

NTT Launches Financial AI Fabric Blueprint For Hong Kong FSIs

NTT Com Asia has released a service blueprint for its Financial AI Fabric in Hong Kong. The Financial AI Fabric bluepri... Read more

Asias Multi-Billion-Dollar Fraud Crisis: Can Fintechs Still Build Trust?

Digital financial services now shape everyday life, placing greater pressure on companies to earn and keep customer tru... Read more

Futu Launches AI Agent “Expert” Mode For Investment Analysis And Trade Support

Futu has launched a new AI-powered trading assistant that can assist with trade execution based on user instructions. T... Read more

DigiFT And SBI Launch Tokenised Japanese Equity Fund On Solana

DigiFT has partnered with SBI Global Asset Management to launch a tokenised Japanese high-dividend equity fund. The JX ... Read more

Baillie Gifford Launches Tokenised Bond Fund In Hong Kong

Baillie Gifford has launched its tokenised investment fund to professional investors in Hong Kong. The Baillie Gifford... Read more

SBI XDC Partners With DSRV To Explore Enterprise Solutions In Japan, South Korea

SBI XDC Network APAC has partnered with South Korean blockchain infrastructure firm DSRV to develop enterprise solution... Read more