HKJC records double digit growth in soccer betting and lottery

Hong Kong racing
Hong Kong racing

Racing, wagering and lottery operator Hong Kong Jockey Club reported solid turnover for the year ended June 30, 2016 – fueled by double digit growth in soccer betting and the Mark Six.

According to a report from Hong Kong’s South China Morning Post, the HKJC saw revenue jump 5.9 percent year-on-year to HK$202.7 billion ($26.1 billion).

However, rising operating costs hampered the results slightly, hitting HK$26.1 billion, a rise of 4 percent.

Racing also saw only modest growth, rising 1.8 percent in the full year ended June 30. On the other hand, soccer betting was up 10.9 percent to HK$86.8 billion, while revenue from Mark Six marked a record 9.9 percent increase to HK$8.6 billion.

The Hong Kong Jockey Club is the sole gambling operator in Hong Kong, operating as a not-for-profit organization.