Hong Kong’s 2016/17 season came to an end on Sunday, with the Hong Kong Jockey Club reporting record turnover of HK$117.5 billion (US$15.1 billion) for the season, up 10.7 percent year-on-year. The season’s turnover is higher than the 2014/15 results, which reached HK$107.9 billion. Hong Kong Jockey Club CEO Winfried Engelbrecht-Bresges said: “Our growth this year […]
The estimated amount of illegal betting on Hong Kong horse racing hit about $12.8 billion last year, about matching the $13.8 billion bet legally, HK Jockey Club CEO Winfried Engelbrecht-Bresges told the Asian Racing Conference in India. He said the majority of those illegal wagers in Hong Kong were coming from the Philippines. “Very specifically […]
The Hong Kong Jockey Club said it formed a strategic accord with the Chinese Equestrian Association to develop horse racing as a sport in mainland China. At a press conference in Beijing, the two associations said the highlight will be the final leg of the China Horse Racing Grand Prix, known as the Hong Kong […]
The Hong Kong Jockey Club’s CEO announced what he described as “the most lucrative season in the history of Hong Kong racing,” with race purses and bonuses on offer amounting to more than HK$1 billion, the club said in a press release. Speaking at his annual pre-season press conference at Sha Tin racecourse ahead of […]
The Hong Kong Jockey Club has major organizational changes and new leadership appointments in its Racing Division to support the future growth plans. With effect from 1 August 2015, the current Racing Division will be divided into the Racing Business and Operations Division and the Racing Authority Division. The club appointed Anthony B. Kelly […]
The Chinese government’s April announcement that Hainan will “open up” as a economic hub and that horse racing, plus new forms of sports lotteries, could be part of the island’s future was met with equal parts optimism and caution from within the sport of kings itself. After all, horse racing already exists within mainland China, […]
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 […]
Horse racing authorities are intent on closing the net on exchange CITIbet, but leading officials in the sport admit “there is no silver bullet” and say they will need government and law enforcement assistance.
Horse racing administrators have long talked tough about outlaw betting operators, but it appears key members of the Asian Racing Federation are ready to put words into action with the formation of a regional taskforce to combat illegal gambling. Respected Jockey Club CEO Winfried Engelbrecht-Bresges has called for a unified approach from key stakeholders to tackle the issue of illegal betting – a world he suggested is becoming dangerously out of control as the internet renders borders “irrelevant.”
When the mainland Chinese government's anti-graft campaign began to bite into Macau's gaming revenue last year, many analysts suggested the big players had fled to safer ground in the then-booming Chinese stock market.But that bubble has now burst, with the Shanghai Composite Index seeing its worst daily fall in eight years in August, sending shockwaves through global bourses. If that boom is now well and truly over, is there any argument for a corresponding turnaround in Macau?
The Hong Kong Jockey Club has seen strong growth in its international business, with the addition of a pool on racing at Royal Ascot boosting turnover.