Mongolia wants to legalise gambling and horse racing

Monday, 12 May 2014

The Mongolia government are set to propose new laws which will allow professional horse racing and at the same time legalise betting in an attempt to entice Chinese gamblers when the Hong Kong horse racing season closes. According to a report in Bloomberg the Mongolian government will approach the Hong Kong Jockey Club for their horses and jockeys while they are in the closed season to hold horse race meetings.

The Hong Kong season runs from September to the middle of July and the Mongolian Government want to take advantage of the two month break to hold race meets and betting on those races to help bring in tax income. A leading government official said that legislation for horse racing and betting would be submitted to parliament in the next three months, and follow the same rules and regulations as the Hong Kong Jockey Club.

Part of the new proposals that will be submitted to parliament in Mongolia will also cover online gambling and land based casinos although it is unclear if these will pass through for approval along with the introduction of horse racing and betting.

Author: Editor

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