Macau Horse Racing Company – operator of the Macau Jockey Club (MJC) – has announced an end to racing in the country.
The agreement with the Macau (SAR) government to terminate the “Concession Contract for the Exclusion Operation of Horse Racing” means that the current contract will expire on 1 April 2024.
The company reported that it has been operating at a loss, accumulated in excess of MOP 2.5bn (£24.5m), whilst also acknowledging there has been limited room for development and growth of the horse racing industry in Macau over the years.
“Including the adverse effects brought about by the pandemic over these last three years, it has become increasingly difficult to sustain the operations,” MJC explained.
“The Board of Directors has had to make a difficult decision, and commencing 1 April, the company will cease all racing-related operations. However, the current member facilities will remain available to the Club’s members.”
The statement also notes that arrangements for the racehorses currently in Macau will be finalised by 31 March 2025.
The horse population has reduced significantly in recent years, and now just 202 horses are listed in training on the MJC website.
Meanwhile, the Board of Directors and Management of the Macau Horse Racing Company praised all colleagues in its statement for their dedication and their ‘valuable contributions’ to the company.
The group promised to conduct necessary briefing sessions for the staff, provide assistance and job referrals, and comply with the provisions of Macau labour law to provide appropriate compensation.