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Conversation records to prove the online betting scandal were presented in the courtroom, where Cheung was heard mentioning that proxy and online betting constituted the major share of the company¡¯s gambling revenue pie and that the company would not like to stop such lucrative revenue streams.

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BIG TIME GAMING
Betting as a group enhances the experience of watching games for young fans. It also gives them a reason to watch most or all of the game, which is unusual. (Sitting around and watching a three-hour sporting event doesn¡¯t exactly line up with the small-bite entertainment of TikTok and Instagram.) BetPARX senior VP of i-gaming and sports Matthew Cullen calls the practice ¡°snacking.¡± When young people do put money on a game, the demographic is far more likely to stick around. The Team Whistle survey found that 70 percent of people who bet on a game watch all of it, as opposed to 48 percent of those who haven¡¯t.