Word: wong
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...businessman from mainland China to rig the order of finish so punters could cash in on a long-shot combination bet, was sentenced to three years in prison. No charges have been filed as yet in Operation Green. The Jockey Club had no official comment, but chief executive Larry Wong acknowledges the investigation "is an emotional setback...
...increasingly popular sporting alternatives such as football are all cutting into revenue. Late last year, big time British bookmaker William Hill began accepting online bets on races at Happy Valley and Sha Tin. The Jockey Club is not amused. "These guys are raiding the coffers of Hong Kong," says Wong. "They're not legitimate. They don't have a license in the territory. They don't pay tax in the territory...
...illegal bookies. Currently, the government skims 14% from every bet, limiting the amount of cash returned to punters. The club wants to be taxed on its profits, like other companies. "If we could give a 95% return on the betting dollar, that would give us a real edge," says Wong. The Jockey Club also has its reputation going for it?although as the current race-rigging investigation shows, even that is no sure thing...
...friendly as a Starbucks coffee shop. There's not the manufacture of Zhang Ziyi, the "wing collar" of Karen Mok, the Monroe of Shu Qi, or the candy-cute of Cecilia Cheung Pak-chi. She doesn't nurture distance with the audience. "She's just like a boy," says Wong Kar-wai. "She tells you everything directly, she talks from the heart. Very few people are born to be an actress, but she's one of them." Anyone for more wine...
...media have the power to topple totalitarian regimes everywhere?a statement that got him temporarily banned from conducting business in China. Conversely, Li's easy rapport with Beijing's Elite, as well as his sensitivity to the party line, is unquestioned. "Li has guanxi, he has connections," says Louis Wong, director of research at Phillip Securities in Hong Kong. "And that is still very important in the Chinese media business...