possible legalization of gambling on horses
All forms of gambling were made illegal
in mainland China back in 1949, when the Communist Party took
over the wheel of the country, but following the success of
Macau gambling, the Chinese government is considering legalizing
one form of gambling - horse racing bets. As reported by the
China's news agency Xinhua, the city of Wuhan in Hubei province
held a trial horse racing event Saturday in which spectators
could bet on four races at the Orient Lucky City racecourse.
Local spectators were allowed to place two bets for free and
winners received 20 lottery tickets issued by the local sports
lottery administration. According to Chinese officials, the
horse racing event and the free bets were meant to test the
track and the system for possible future legalization of horse
racing gambling, which would allow people to place real-money
bets a few times each week.
Horse racing is one of the most popular
form of betting in the region, after soccer, and experts
estimate that the tax benefits from re-legalizing horse racing
gambling could easily reach billions of dollars. At this time
there is no information when a real horse racing gambling event
would be scheduled.