{"id":777010788,"date":"2023-11-02T07:21:33","date_gmt":"2023-11-02T10:21:33","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777010788"},"modified":"2026-04-22T16:33:21","modified_gmt":"2026-04-22T19:33:21","slug":"hkjc-to-increase-overseas-horseracing-betting-options","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/hkjc-to-increase-overseas-horseracing-betting-options","title":{"rendered":"HKJC to increase overseas horseracing betting options"},"content":{"rendered":"\n<p>The HKJC has been allowed to increase the number of simulcast races per year.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Hong Kong.- The Hong Kong government has granted approval for the Hong Kong Jockey Club (HKJC) to expand its betting options. from December, it will be permitted to increase its simulcast races from 10 to 25 per year. The maximum number of races permitted on a simulcast day will be increased from nine to 12. This decision is expected to generate HK$279m (US$35.66m) in revenue.<\/p>\n\n\n\n<p>The HKJC was previously limited to offering betting on 88 local race days, 10 simulcast races coinciding with local events and 37 simulcast days linked to non-local race meetings. It said the adjustment aims to better cater to the preferences of local horse racing enthusiasts. An approval granted in 2021 for simulcast days is said to have resulted in a decline in traffic to illegal horseracing gambling websites.<\/p>\n\n\n\n<p>Addressing concerns that the move might worsen gambling issues among teenagers, the HKJC said a significant portion of its bettors are seasoned fans, with around 80 per cent of overseas race betting account holders being aged over 40.<\/p>\n\n\n\n<p><strong>See also:&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/hkjc-plans-to-expand-world-pool\" rel=\"noreferrer noopener\">HKJC plans to expand World Pool<\/a><\/p>\n\n\n\n<p>The HKJC posted\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/hkjc-posts-record-turnover\" target=\"_blank\">record turnover of HK$304.8bn (US$38.87bn)<\/a>\u00a0for the 2022\/23 financial year. Turnover on Hong Kong racing fell 1.3 per cent but was offset by turnover from overseas racing. Revenue from commingling on Hong Kong racing rose 3 per cent to HK$25.4bn, constituting 19.6 per cent of all turnover for the season. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The HKJC has been allowed to increase the number of simulcast races per year.<\/p>\n","protected":false},"author":176,"featured_media":15204,"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 government has approved the Hong Kong Jockey Club (HKJC) to significantly increase its annual simulcast races from 10 to 25, and daily simulcast races from nine to 12, effective December. This regulatory adjustment is projected to generate HK$279m (US$35.66m) in additional revenue, aiming to better serve local enthusiasts and mitigate illegal gambling activities. The HKJC reported a record turnover of HK$304.8bn (US$38.87bn) for the 2022\/23 financial year, with overseas racing offsetting a decline in local turnover.","focusai_entities":"Hong Kong Jockey Club","focusai_location":"Hong Kong","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), compliance_legal (0.85), operator_casino (0.9), investor_analyst (0.95), gambler_consumer (0.75), journalist_researcher (0.88)","focusai_suggestions":[{"label":"Regulatory Framework Amendments?","query":"What specific amendments to the Betting Duty Ordinance or related regulatory instruments were required to facilitate this expansion of simulcast offerings for the HKJC?"},{"label":"Impact on GGR\/NGR?","query":"Beyond the stated HK$279m revenue projection, what is the anticipated uplift in HKJC's Gross Gaming Revenue (GGR) and Net Gaming Revenue (NGR) for the 2023\/24 fiscal year, considering the expanded simulcast schedule?"}],"footnotes":""},"categories":[157,16338],"tags":[22317],"class_list":["post-777010788","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-hong-kong-jockey-club"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010788","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=777010788"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010788\/revisions"}],"predecessor-version":[{"id":777041031,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010788\/revisions\/777041031"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/15204"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777010788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777010788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777010788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}