a loss of MOP1.7bn (US$212.5m) for the year 2020<\/strong>.<\/p>\n\n\n\nIn 2019 the company recorded a loss of MOP1.5bn (US$188m). The Covid-19 pandemic has accentuated the loss.<\/p>\n\n\n\n
Angela Leong<\/strong> On Kei<\/strong>, Vice Chairman and Executive Director, stated: “Although the global economy is being impacted by the pandemic, the company is confident that after the situation gets settled it will be able to again focus on increasing the number and quality of its horse races.”<\/p>\n\n\n\nThe Macau Jockey Club is one of the largest private employers of Macau with around 800 employees. It was formerly known as the Macau Trotting Club until 1989 when it changed ownership and was transformed into Macau Jockey Club.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Macau Jockey Club has shared its financial results for the year 2020, reporting a MOP1.7bn (US$212.5m) loss.<\/p>\n","protected":false},"author":176,"featured_media":17953,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Macau Jockey Club, administered by the Macau Horse Racing Company, reported a MOP1.7bn (US$212.5m) loss for 2020, an increase from MOP1.5bn in 2019, primarily due to the Covid-19 pandemic. Despite the significant financial downturn, Vice Chairman Angela Leong On Kei expressed confidence in the club's ability to enhance its horse racing operations post-pandemic.","focusai_entities":"Macau Jockey Club, Macau Horse Racing Company, Angela Leong On Kei","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.7), operator_casino (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Future Capital Injections?","query":"Given the sustained MOP1.7bn loss, what specific capital injection strategies or governance framework adjustments are being considered to ensure the Macau Jockey Club's long-term operational viability and mitigate enterprise risk?"},{"label":"Regulatory Response?","query":"How might Macau's gaming regulator respond to the Macau Jockey Club's deepening financial distress, particularly concerning its licensing conditions, employment obligations, and the broader stability of the region's gaming verticals?"}],"footnotes":""},"categories":[16338,163],"tags":[233,23935],"class_list":["post-23762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-sports-betting","tag-sportsbook"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/23762","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=23762"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/23762\/revisions"}],"predecessor-version":[{"id":23777,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/23762\/revisions\/23777"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17953"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=23762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=23762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=23762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}