Tag Archives: Hong Kong Jockey Club

Hong Kong Jockey Club says global turbulence behind 3% drop in racing turnover

SBC News Hong Kong Jockey Club says global turbulence behind 3% drop in racing turnover

The Hong Kong Jockey Club revealed some noticeable dropbacks in its financials for FY2023/24, with multiple external factors causing an offset in overall racing wagering turnover.  During its AGM, the Club reflected on the financial year ending 30 June, 2024 as a period that required resilience to withstand a number of challenges posed by a ‘worsening macro-economic environment, threats of …

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World Pool turnover hit record £14.6m at Lockinge Stakes Day

World Pool, York Races 2

World Pool reported a record turnover on Lockinge Stakes Day last weekend at Newbury racecourse. The fixture featured five World Pool races for the first time, an increase from two races in 2023. Powered by the Hong Kong Jockey Club (HKJC), World Pool’s total turnover for the meet hit HK$145.3m (approx. £14.6m), up from HK$66m (approx. £6.7m) in 2023. “There …

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“This is just the beginning” as World Pool experiences record 2023

SBC News “This is just the beginning” as World Pool experiences record 2023

World Pool has closed its season with a 24% year-on-year increase in turnover totalling HK$7.4bn. The Hong Kong Jockey Club (HKJC)-owned operation started and finished at Flemington Racecourse in Australia, and reached out to eight countries for a total of 222 races (up from 154 races in 2022), making it a record-breaking 2023. Michael Fitzsimons, Executive Director, Wagering Products of …

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Hong Kong racing reveals ‘record’ prize money of £158 million

SBC News Hong Kong racing reveals ‘record’ prize money of £158 million

The Hong Kong Jockey Club has revealed that it is going to offer a ‘record total’ prize money and incentives of HK$1.62 billion (approximately £158.6 million) across the 2022/23 racing season. The overall purse will be bolstered by a record single-season increase of 11.5% (HK$167.2 million) and feature a range of innovations, including increases in prize money across middle-distance races …

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Martin Stevenson steps up to CEO at RMG

SBC News Martin Stevenson steps up to CEO at RMG

The Racecourse Media Group (RMG) has promoted Martin Stevenson to the position of CEO, with the former Finance Director bringing considerable accounting and media experience to the role. Stevenson joined RMG as Finance Director in 2007, and has since developed ‘deep and intimate knowledge’ of the company’s business and operations. “I am extremely excited and honoured to take up the …

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Tote adds Superpools for all Royal Ascot races

SBC News Tote adds Superpools for all Royal Ascot races

Ahead of this week’s Royal Ascot (16-20 June), the UK Tote Group has confirmed that its Tote Superpools markets will be available for all 36 festival races. Tote Superpools offer pools that are combined with those from Hong Kong and other major racetracks, boosting prize pool liquidity for punters. The Tote has since outlined plans to expand Tote Superpools to …

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