The Hong Kong Jockey Club says it’s closing all of its Off-Course Betting branches from July 19th until further notice due to the latest outbreak of Covid-19 in the territory.
The club gave no further comment in a brief statement on its web site.
Races have continued during the crisis, though without customers present on the stands. For the latest 2019/2020 season, the club reported a 2.6 percent decline in racing turnover to HK$121.6 billion (US$15.68 billion). The club has benefited from commingling arrangements with a growing number of organisations globally and reported a 25.3 percent increase in commingling turnover.
Simulcast turnover in the year was up 12.9 percent.
AstroPay is the pioneer payment solution for thousands of consumers in Latin America, Asia and Africa, who want to purchase online on international sites, that helps merchants access new markets through its main product, AstroPay Card.
Consolidation of the bases and advancement in adversity was the thrust of Macau Chief Executive’s policy address for 2021, though it gave little away when it came to the current pillar of the economy - the gaming industry.
Gaming suppliers, like all areas of the industry, have felt the pinch from the Covid-19 crisis, though their growing digital businesses have proved a bright spot and helped offset the impact of the crisis.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.