Tag Archives: HKJC

Longitude hits $1bn milestone

Longitude LLC, the inventor and distributor of the Longitude Enhanced Pari-Mutuel System, has announced that it had reached the important milestone of US$1 Billion in customer wagers calculated using the patented Longitude software. Deployed for the calculation of odds on both horse racing and sports, Longitude allows operators that license its software an unprecedented degree of flexibility in the delivery …

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HKJC reports improved betting performance for 2014

Having announced its new company Chairman Simon Ip, Hong Kong Jockey Club (HKJC) the city’s only racing operator, reported that racing revenues were up 10% from 2013 results. HKJC recorded a horse racing turnover of HK$103.9 billion (£8.2 billion), accounting for 55 percent of company revenues for the business (year ending June 2014). Tax contributions surged 11 percent to HK$19.6 …

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HKJC appoints Ip as new Chairman

The Hong Kong Jockey Club (HKJC) has announced the appointment of Simon Ip as new company Chairman, replacing outbound Brain Stevenson who announced his retirement. Ip takes over as Chairman having been with the betting operator since 1973. Simon Ip has served HKJC in several senior management positions, helping the operator restructure its legal operating framework and corporate governance. Lp …

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Hong Kong Jockey Club Sees Record Football Year

Football betting has had a short lifespan in Hong Kong, having only been allowed by the government as a public betting market in 2012/2013, allowing the  Hong Kong Jockey Club (HKJC) to diversify it betting portfolio. Football has quickly developed into a mainstay popular betting market for Hong Kong punters, as reports conducted show that the betting has risen threefold from HK$ 16.1 …

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