Tag Archives: Hong Kong Jockey Club (HKJC)

HKJC clears 2022/23 hurdles but warns of ongoing macroeconomic challenges

SBC News HKJC clears 2022/23 hurdles but warns of ongoing macroeconomic challenges

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

SBC News 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 …

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Tom Marquand joins Tote to provide ‘exclusive insight’ into flat jockey life

SBC News 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 …

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HKJC ‘couldn’t be happier’ as Dubai’s Super Saturday exceeds 2022 turnover

SBC News 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 …

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HKJC stung by 5-year levy on football bets

SBC News 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 …

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HKJC appoints Dennis Hau to head customer centric strategy

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 …

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‘Horse racing is still the best betting product’ – UK Tote takes on fixed odds dominance

UK Tote racing

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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