Tabcorp Holdings said it views the unsolicited approaches for its wagering and media business are too low. The proposals, including an offer from the U.K.'s Entain, were for $3 billion.
The Hong Kong Jockey Club will offer World Pool betting for the Dubai World Cup meeting (27 March) at Meydan Racecourse.
The Hong Kong Jockey Club has added the QIPCO 2000 Guineas Day at Newmarket and Derby Day at Epsom Downs as World Pool events this year.
The Macau Jockey Club (MJC) will miss out on a multimillion dollar payday for the second year running after the cancellation of the Hong Kong simulcast of the Macau Hong Kong Trophy.
The Hong Kong Jockey Club said the government’s decision to allow extra simulcast days during the summer racing lull will help curb the illegal gambling that has threatened to undercut its revenue in recent years.
The Hong Kong Jockey Club has welcomed the government's decision to all the club to increase the maximum number of simulcast days per year by 14 days, from a total of 23 days to 37 days, and allowing simulcast days to take place during the summer (from July to August) starting from 2021.
UK-based Entain Plc has made a non-binding offer to buy the wagering and media division of Australia’s largest gambling company, Tabcorp Holdings.