HKJC pushes on with plans to develop China horse racing

The Hong Kong Jockey Club has unveiled a HK$4 billion investment strategy to develop horse racing in China after signing an agreement with the Guangzhou Municipal Government to expand its Conghua facility. 

The investment will include building a new grandstand at the facility which can accommodate up to 8,500 racing fans, and the operation plans to stage as many as four race meetings a year from as early as March 2025. 

HKJC chief executive  Winfried Engelbrecht-Bresges said the deal is part of a long-term strategic positioning.

“It is likely that we will start first with four [race meetings a season] and then we can build it up to eight and potentially beyond, but it will be a gradual development and it has to fit into how we expand the horse population and how other developments in China go.”

The Hong Kong Jockey Club, and its racecourse in Congua has been seen as key planks in China’s plans to establish a standardized national horse racing industry, though the path is fraught with hurdles

Hong Kong Jockey Club to invest HK$4 billion in China after signing landmark agreement (SCMP)

Related Articles

HKJC launches football betting app “GoalX” 

The Hong Kong Jockey Club is pleased to announce the launch of its new “GoalX” mobile app, providing information on football matches, live statistics, betting, live game watching, and a personalized journey in a single application.

HKJC to offer World Pool on Dubai World Cup meeting

The Hong Kong Jockey Club will offer World Pool betting for the Dubai World Cup meeting (27 March) at Meydan Racecourse.

HKJC adds Derby Day, QIPCO 2000 Guineas to World Pool

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. 
Hong Kong jockey Club

HKJC pins hopes on simulcasts to stem illegal gambling

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.

HKJC welcomes additional 14 simulcast days

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.

HKJC brings in Anthony Ingram to lead marketing strategy

The Hong Kong Jockey Club has announced that Anthony Ingham, who had been working for Marriott International, will join the club effective December 7 as Executive Director, Membership, Strategic Marketing and Branding (Designate), and fully assume the role at the beginning of 2021.

Hurdles ahead for China horse racing

If China ever does allow legalized betting on horse racing, the Hong Kong Jockey Club (HKJC) is likely to play a vital role. First, however, it will need to help the industry navigate major hurdles.
Tiananmen Square

China to ultimately legalize gambling, G2Ea panel hears

As China’s threats against gambling continue to reverberate throughout the industry in Asia, some executives are prepared to make a prediction that Beijing will ultimately give up its efforts to crackdown and instead regulate within its borders.

HKJC to play key role in China plan to promote horse racing

The Jockey Club’s HK$3.7 million facility in Conghua – and its expertise in betting – could become key planks in China’s bold new plan to establish a standardised national horse racing industry.

China racing gets government backing

Racing in China has received government backing following the unveiling of a five-year blueprint for the country’s equine sector in which the promotion of the sport and a related lottery form a key part of the strategy.