Jockey Club's silence speaks volumes
THE Jockey Club no longer has overseas Telebet customers because of a recent requirement of proof of residence in Hong Kong.
Until recently, it was possible to open a Telebet account with a passport and there were a number of account-holders, primarily in Australasia and India, who used the service.
The Jockey Club will not say how many such accounts were maintained or what percentage of the total turnover they accounted for, which is fair enough as it is very much their own business. But it is now a guessing game as to why the change came about.
Acting on instructions from on high, or most likely the betting division, information secretary Wilson Cheng could not give an official reason for the changes which in reality mean the termination of overseas Telebet accounts.
It remains possible to open a Telebet account with a passport.
'But we would also require some form of proof that the holder was in Hong Kong for a period of time. And also that he had a Hong Kong bank account,' said Cheng.