Macau Horse Racing

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    Macau Jockey Club loses US$188 million in 2019

    The Macau Horse Racing Company, operator of the Macau Jockey Club, has reported MOP1.5 billion (US$188 million) in losses for the year 2019. The enterprise has been losing money for several years. Despite its financial problems, the Macau Horsing Racing Company appears to be protected by its strong political connections, as it is headed by […]

    MJC to comply with social capital raising schedule

    The Macau Horse Racing Company has agreed to proceed with a gradual increase of its social capital, with the aim of reaching MOP1.5 billion (US$186.1 million) by 2023, under a new contract published in the Official Gazette on Wednesday. In February, the MSAR government approved the license extension of the Macau Horse Racing Company until […]

    New business strategies to save Macau racing industry

    Angela Leong On Kei, vice chairperson of Macau Horse Racing Co. Ltd is hoping for new business strategies which could alleviate pressures from declining revenue at the Macau Jockey Club, Macau TDM reports. At the sidelines of a public event on Sunday, the racing executive said revenues have been decreasing as a result of the […]

    Macau Horse Racing to extend contract with government

    Macau Horse Racing Co. Ltd., which operates the struggling Macau Jockey Club, has agreed with the government to extend the current contract for its horse-betting business until 2017, though the contact has yet to be signed, according to local media. Citing unnamed sources, the Business Daily reported that the new contract will be published next […]