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 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 …
Read More »“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 …
Read More »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 …
Read More »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 …
Read More »2000 Guineas and Epsom Derby incorporated into World Pool
This year’s QIPCO 2000 Guineas Day at Newmarket and the Derby Day at Epsom Downs will be classified as World Pool events, according to an announcement by a coalition of horse racing leaders. The Hong Kong Jockey Club, UK Tote Group, The Jockey Club and its media rights partner, Racecourse Media Group (RMG), confirmed this morning [8 March] that the …
Read More »HKJC appoints Philip Chen as new Chairman
The Hong Kong Jockey Club (HKJC) has named Philip Chen as the new Chairman of the Club after being elected by the firm’s Board of Stewards. Chen will take over from Dr Anthony Chow, who has stepped down from the HKJC after 18 years as a Steward, two of which were as Chairman. Chen has been a member of the …
Read More »Hong Kong racing bucks trend by upping prize money
Hong Kong racing has revealed that for the 2020/21 season, it will be offering HK$1.4 billion (£143.5m) in prize money, marking a new record for the sector. Total prize money for the 2020/21 season’s 88 meetings at Sha Tin and Happy Valley is up by approximately 4.9% on 2019/20, and comes at a time when Hong Kong is looking ‘to …
Read More »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 …
Read More »Tote offers Hong Kong racing through HKJC deal
To fill the shortfall in British and Irish racing, the Tote will offer its UK customers new opportunities to bet on Hong Kong racing after securing a new partnership with the Hong Kong Jockey Club (HKJC). Tote customers will now be able to play the Placepot on meetings from the Happy Valley Racecourse and the Sha Tin Racecourse every week. …
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