HKJC tips hat at Royal Ascot to boost revenue

The Hong Kong Jockey Club is shaking up simulcast betting, with the planned introduction of a so-called “world pool” on the U.K.’s five-day Royal Ascot meeting in 2019, bringing together a powerful mix of racing cultures. Hong Kong’s horse racing giant has bet on Royal Ascot before, but next year marks a monumental change in the way it will be done, with the commingled “world pool” launched and betting on all five days available for the first time. Previously when the HKJC bet on Royal Ascot, it was only the club’s customers betting into a Hong Kong-based pari-mutuel pool on a simulcast arrangement. What makes the “world pool” different is that while the HKJC will still “host” the tote, customers in the United Kingdom will be able to bet into the massive pools as well under commingling arrangements. In 2017, the HKJC held just over HK$619 million ($78.9 million) in bets over...

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