{"id":31846,"date":"2022-07-18T04:33:59","date_gmt":"2022-07-18T07:33:59","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=31846"},"modified":"2026-04-23T06:46:52","modified_gmt":"2026-04-23T09:46:52","slug":"hk-jockey-club-posts-record-turnover-of-us17-8bn-for-2021-22-season","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/hk-jockey-club-posts-record-turnover-of-us17-8bn-for-2021-22-season","title":{"rendered":"HK Jockey Club posts record turnover of US$$17.8bn for 2021\/22 season"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The Hong Kong Jockey Club\u2019s revenue grew 3 per cent when compared to the previous season.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Hong Kong.- The Hong Kong Jockey Club (HKJC) has posted<strong> turnover of HK$140bn (US$17.8bn)<\/strong>\u00a0in its financial results for the 2021\/22 season. That figure represents a rise of 3 per cent\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/hj-jockey-club-posts-record-betting-turnover-for-2020-21-season\" target=\"_blank\">when compared to the previous season<\/a>, despite the ongoing challenges due to the Covid-19 pandemic. Several races were held without an audience due to countermeasures.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The HKJC hosted<strong> 836 horse races <\/strong>domestically and broadcast 281 horse races from overseas. Revenue totalled HK$129.9bn (US$16.5bn) from local horse racing and HK$1.76bn (US$224m) from international race broadcasts. These figures represent growth of 0.5 per cent for local horse racing and 13 per cent for international. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the Hong Kong Jockey Club, the race season finale, which took place on July 16, grossed HK$2.04bn (US$260m). Betting taxes for the year amounted to HK$14.1bn (US$1.8bn), up 2.8 per cent when compared to the previous fiscal year.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In April, the HKJC had\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/hk-jockey-club-ups-prize-money-and-incentives-to-remain-competitive\" target=\"_blank\">raised racetrack prize money and incentives<\/a>\u00a0to an all-time high of HK$1.6bn (US$206.5m) to stay ahead of rival racetracks. Chief executive,\u00a0<strong>Winfried Engelbrecht-Bresges<\/strong>\u00a0said an increase in horses was necessary due to greater competition to source quality horses, particularly in Australia and the Gulf region.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Hong Kong Jockey Club\u2019s revenue grew 3 per cent when compared to the previous season.<\/p>\n","protected":false},"author":176,"featured_media":0,"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 Hong Kong Jockey Club reported a 3% increase in turnover to HK$140bn for the 2021\/22 season, despite pandemic-related operational challenges. Local horse racing revenue grew marginally by 0.5%, while international race broadcasts saw a 13% increase. Betting taxes contributed HK$14.1bn, up 2.8%, with the club also raising prize money to HK$1.6bn to enhance competitiveness in sourcing quality horses.","focusai_entities":"Hong Kong Jockey Club, Winfried Engelbrecht-Bresges","focusai_location":"Hong Kong, Australia","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Future Growth Drivers","query":"What specific strategic initiatives, beyond increased prize money, is the Hong Kong Jockey Club implementing to sustain growth in local horse racing turnover and mitigate future pandemic-related operational impacts?"},{"label":"International Broadcast Strategy","query":"Given the significant 13% growth in international race broadcast revenue, what are the HKJC's plans for expanding its global media rights and content distribution strategy to further capitalize on this gaming vertical?"}],"footnotes":""},"categories":[16338,163],"tags":[22317,233],"class_list":["post-31846","post","type-post","status-publish","format-standard","hentry","category-east-asia-news","category-finance-news","tag-hong-kong-jockey-club","tag-sports-betting"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31846","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=31846"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31846\/revisions"}],"predecessor-version":[{"id":31856,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31846\/revisions\/31856"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=31846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=31846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=31846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}