Concerns mount after the discontinuation of the sport in Singapore.<\/p>\n\n\n\n\n\n\n\n
Macau.- Concerns about the future of horseracing in Macau are growing following the announcement that\u00a0the Singapore Turf Club will close by March 2027<\/a>. Asian Racing Report quotes trainers noting that race frequency has fallen to once a week and that the horse population stands at just 220. <\/p>\n\n\n\n Sing Tao Daily reported last month that the Macau Jockey Club (MJC) had notified trainers about an incoming import prohibition expected to take effect this month. Meanwhile, the MJC has reportedly failed to fulfil pledges made during its 2018 concession licence extension, when it committed MOP1.5bn (US$190m) for facility upgrades and diversification.<\/p>\n\n\n\n In 2022<\/a>, the MJC reported a loss of MOP2.1bn (US$261.4m), up from MOP1.9bn (US$240m)<\/a>. The impact of the Covid-19 pandemic and associated travel restrictions was cited as a contributing factor. The club\u2019s management expressed optimism amid the relaxation of entry regulations and increased visitor numbers in Macau. It said that it would take advantage of the opportunity to make the Macau Jockey Club a \u201cmust-visit tourism and entertainment landmark for both tourists and residents\u201d.<\/p>\n\n\n\n The concession contract was originally awarded to the Macau Horsing Racing Company in 1978. The current lease has been extended until August 31, 2042<\/strong>\u00a0despite criticism from the Legislative Assembly\u2019s Follow-up Committee for Land Affairs and Public Concessions.<\/p>\n","protected":false},"excerpt":{"rendered":" Concerns mount after the discontinuation of the sport in Singapore.<\/p>\n","protected":false},"author":176,"featured_media":20088,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Concerns are escalating regarding the future of horseracing in Macau, following the closure announcement of the Singapore Turf Club and operational challenges faced by the Macau Jockey Club (MJC). The MJC is experiencing declining race frequency, a low horse population, and an impending import prohibition, alongside significant financial losses and a failure to fulfill MOP1.5bn in 2018 concession pledges, despite its lease extension until 2042.","focusai_entities":"Singapore Turf Club, Asian Racing Report, Sing Tao Daily, Macau Jockey Club (MJC), Macau Horsing Racing Company, Legislative Assembly\u2019s Follow-up Committee for Land Affairs and Public Concessions","focusai_location":"Singapore, Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.8), operator_casino (0.75), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"MJC Regulatory Actions?","query":"Given the Macau Jockey Club's reported MOP2.1bn loss and unfulfilled MOP1.5bn concession pledges, what specific regulatory actions or concession renegotiations are imminent from the Macau government?"},{"label":"Macau Horseracing Viability?","query":"How will the proposed horse import prohibition and declining horse population impact the long-term viability and competitive landscape of Macau's horseracing vertical, especially considering regional market contractions?"}],"footnotes":""},"categories":[157,16338],"tags":[233],"class_list":["post-777008471","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-sports-betting"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008471","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=777008471"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008471\/revisions"}],"predecessor-version":[{"id":777008489,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008471\/revisions\/777008489"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/20088"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777008471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777008471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777008471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}