Monday, July 15, 2024

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HKJC expecting $35.6mln in new revenues on approval of non-local race day bets

The Special Administrative Region government is going to be granting the Hong Kong Jockey Club (HKJC) rights to conduct betting on more non-local race days – expected to pull in some HK$279 million ($35.66 million) in revenues.

HKJC records record turnover, urges for no increases in betting duties

The Hong Kong Jockey Club (HKJC) has recorded a record turnover of HK$304.8 billion ($38.87 billion) for the financial year ended June 30th, with horse racing contributing HK$140.4 billion ($13.31 billion) and football betting turnover totaling HK$156.9 billion ($20 billion).

HK government increases duty on football bets, HKJC to pay additional $1.53 billion over 5 years

The Hong Kong Jockey Club, the city’s only licensed sports betting and lottery operator, has announced that it is expecting to pay an additional HK$12 billion ($1.53 billion) in tax to the government after a special football (soccer) betting duty of HK$2.4 billion ($310 million) per year is set to be imposed until 2028.

HKJC increases prize money and incentives amongst rising competition

The Hong Kong Jockey Club (HKJC) is upping its prize money and incentives for the 2022/23 racing reason to its highest ever levels, totaling HK$1.6 billion (US$206.5 million), as it attempts to stay ahead of competing racing jurisdictions.

Record turnover for HKJC over Lunar New Year

Hong Kong punters splurged on a record HK$1.9 billion in bets during the Lunar New Year race meeting.

HKJC stops public admissions, cruises to nowhere cancelled as H.K. reimposes Covid curbs

The Hong Kong Jockey Club (HKJC) has stopped public entrance to the races from Wednesday and so-called "cruises to nowhere" have been cancelled under tough new restrictions imposed in Hong Kong to stop the spread of Omicron.

HKJC offers PCCW CEO technology, sustainability directorship

The Hong Kong Jockey Club on Monday announced the appointment of Ramez Younan as Executive Director, Information Technology and Sustainability (designate) to join the Club on 15 November 2021.

IFHA appoints HKJC head Engelbrecht-Bresges as chairman

The IFHA said its chairman, Louis Romanet, has decided not to seek a further term and that HKJC CEO Winfried Engelbrecht-Bresges has been elected as replacement.

HKJC posts record turnover, to expand commingling

The Hong Kong Jockey Club (HKJC) posted record turnover of HK$279.7 billion for 2020/21 and said it plans to expand its successful commingling program.

HKJC ups prize money, to stage world’s richest Group 1 races

Hong Kong racing will offer record prize money of HK$1.46 billion for the 2021/22 season with the four G1 features on LONGINES Hong Kong International Raceday offering a combined new high of HK$100 million (£9.3 million).