The Hong Kong Jockey Club (HKJC) has detailed a positive end to a challenging 2022/23 financial year, reporting record turnover and a stronger contribution from football betting. Hong Kong’s government-backed betting operator reported total turnover for the 12-month period ending 30 June 2023 of HK$304.8bn (£31bn), despite local turnover from Hong Kong itself falling by 1.3%. Regarding products, racing turnover …
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World Pool reaches records at Royal Ascot with £6.6m single race turnover
The Hong Kong Jockey Club (HKJC) has announced that, during the Royal Ascot last week, its World Pool broke the record for a single race turnover. The G1 Queen Elizabeth II Jubilee S last Saturday saw HK$66.2m (£6.6m) bet into it, eclipsing the previous record of HK$66.1m wagered in the 2022 G1 Betfred Derby. This raceday’s total turnover of HK$323.4m …
Read More »Hong Kong government approves HK$12bn football betting tax
The Hong Kong Jockey Club (HKJC) is facing a HK$12bn (£1.2 bn) tax hit after the Legislative Council approved plans for a Special Football Betting Duty (SFBD) lasting for the next five years. Jockey Club officials had objected to the plan to impose a HK$2.4bn a year tax on its football betting operation when it was proposed earlier this year. …
Read More »Tom Marquand joins Tote to provide ‘exclusive insight’ into flat jockey life
Flat jockey Tom Marquand has been announced as an Ambassador for British gambling company, The Tote. The 25-year-old will be providing a ‘unique insight’ into his life, and will be sharing his thoughts on his chances of rides across the summer – which will include those taking place on the UK and Ireland’s 18 World Pool days. On becoming an …
Read More »HKJC ‘couldn’t be happier’ as Dubai’s Super Saturday exceeds 2022 turnover
Dubai’s Super Saturday meeting saw the World Pool’s global turnover reach HK$224,802,517 (approx. $28.6m) across the eight races in Meydan on 4 March. This value is an increase of HK$18.9m (approx. $2.4m) on the 2022 edition of the flat racing tournament, with the Ras Al Khor conditions race having the highest turnover of them all. The Hong Kong Jockey Club …
Read More »Dettori becomes HKJC’s World Pool ambassador in final year of racing
World Pool, powered by the Hong Kong Jockey Club (HKJC), has announced a partnership with Frankie Dettori for the 2023 season. As the star jockey enters his final year in the saddle, he will provide regular blogs and content ahead of World Pool race days in 2023, starting at The Saudi Cup meeting this weekend. Now a World Pool ambassador, …
Read More »HKJC stung by 5-year levy on football bets
The Hong Kong Jockey Club (HKJC) will be taxed a further HK$2.4 billion (€280m) per year for the next five years, due to new fiscal measures imposed by the Government of Hong Kong. This week’s budget statement by HK Financial Secretary Paul Chen announced the special measure that a ‘temporary betting duty’ will be applied to HKJC wagers from fiscal …
Read More »World Pool Days extended to 25 races to build on 2022 success
In pursuit of its goal of supporting and expanding horse racing, the World Pools has announced the addition of four new race days. The World Pool – set up as an international parimutuel betting community by the Hong Kong Jockey Club (HKJC) – has set up new days in Australia, Saudi Arabia, South Africa and Ireland, expanding the number of …
Read More »HKJC appoints Dennis Hau to head customer centric strategy
Dennis Hau has been confirmed as the latest addition to the Hong Kong Jockey Club (HKJC) Board of Management, charged with driving its customer approach. The new hire will hold the position of Executive Director, Customer Strategy, Insights and Innovation (EDCSII), leading the Customer Strategy, Insights and Innovation (CSII) Division from 11 January, 2023. His remit will revolve around development …
Read More »‘Horse racing is still the best betting product’ – UK Tote takes on fixed odds dominance
Pool betting is one of the oldest forms of wagering. But in the UK in particular, the traditional pools sector has faced some trouble with staying relevant to a new instant gratification seeking generation. Having assumed stewardship of the Tote in 2019, bringing Betfred’s eight years of ownership to an end, the UK Tote Group has faced some prominent challenges. …
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