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Magna Global in their latest ad spending forecast noted; sports betting is becoming a major category; until now local and digital media have captured the bulk of the spending, but national TV will increase its share as it is legalized in ever more states (New York this year, California and Texas possibly in 2023).
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Along with 20 other defendants, there are 286 criminal cases registered against Chau for allegedly promoting illegal gambling, operating a criminal syndicate, fraud, and money laundering, which has hit the exchequer tax revenues in tune of HKD8.26 billion ($1 billion) for 9 years from 2013 to 2021.
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