{"id":777014040,"date":"2024-03-18T08:36:00","date_gmt":"2024-03-18T11:36:00","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777014040"},"modified":"2026-04-22T11:57:43","modified_gmt":"2026-04-22T14:57:43","slug":"macau-jockey-club-rejects-horse-owners-compensation-demands","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-jockey-club-rejects-horse-owners-compensation-demands","title":{"rendered":"Macau Jockey Club rejects horse owners&#8217; compensation demands"},"content":{"rendered":"\n<p>The MJC has offered a transport subsidy to relocate horses to mainland China or overseas.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.-\u00a0<strong>The Macau Jockey Club (MJC)\u00a0<\/strong>has rejected horse owners&#8217;s demands for compensation over the closure of its operations, stating that it is under financial pressure and cannot fulfil the requests.\u00a0It will only offer subsidies for the transportation of horses to mainland China or overseas, capped at HK$30,000 (US$3,800) and HK$200,000 (US$25,600) respectively.<\/p>\n\n\n\n<p>The website Racing King has reported that New Zealand has been added to the list of countries covered by the subsidy, along with Malaysia and the US. The club clarified that horses remaining on MJC grounds after\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-jockey-club-concession-to-end-on-april-1\" target=\"_blank\" rel=\"noreferrer noopener\">the club closes on April 1<\/a>\u00a0will be looked after, but owners will be charged a monthly fee of MOP8,000.<\/p>\n\n\n\n<p>In a response <a href=\"https:\/\/focusgn.com\/asia-pacific\/racehorse-owners-criticise-lack-of-retirement-compensation-from-macau-jockey-club\" target=\"_blank\" rel=\"noreferrer noopener\">on February 21<\/a>, the MJC said owners should have conducted risk assessments before purchasing new animals, arguing that its financial position was a clear indication that it could close at any time.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The MJC has offered a transport subsidy to relocate horses to mainland China or overseas.<\/p>\n","protected":false},"author":176,"featured_media":777005940,"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 (MJC) has rejected horse owners' compensation demands following its operational closure, citing financial pressures. Instead, the MJC is offering capped subsidies for horse relocation to mainland China or overseas, with owners incurring monthly fees for animals remaining on club grounds post-closure. The club asserted that owners should have conducted prior risk assessments given its precarious financial position.","focusai_entities":"Macau Jockey Club (MJC), Racing King","focusai_location":"Macau, China, New Zealand, Malaysia, US","focusai_target_profile":"ceo_executive (0.9), regulator (0.75), compliance_legal (0.8), investor_analyst (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"MJC Closure Impact?","query":"What are the broader implications of the Macau Jockey Club's financial distress and operational cessation for other licensed gaming verticals and capital market sentiment within the Macau SAR?"},{"label":"Regulatory Precedent?","query":"Does the MJC's rejection of compensation claims and its stance on owner risk assessment establish a new precedent for regulatory compliance and governance frameworks concerning operational closures in the Macau gaming sector?"}],"footnotes":""},"categories":[157,16338],"tags":[],"class_list":["post-777014040","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014040","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=777014040"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014040\/revisions"}],"predecessor-version":[{"id":777014074,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014040\/revisions\/777014074"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777005940"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777014040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777014040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777014040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}