The racehorses were retired from Macau Jockey Club.<\/p>\n\n\n\n\n\n\n\n
Macau.- Nearly 20 days after\u00a0the closure of the Macau Jockey Club (MJC)<\/a>, some 34 racehorses are undergoing 30-day quarantine in Zhuhai. Another 120 animals are expected to follow.<\/p>\n\n\n\n When the horses complete quarantine, they will be moved to Guangzhou, Beijing, Shanghai, Inner Mongolia and Shandong and other places in China. According to TDM, the former racehorses will be used for “competitions, shows, performing arts and other purposes”.<\/p>\n\n\n\n The MJC ended its operations on April 1 after more than 40 years. It had faced financial difficulties for years, which had been exacerbated by the Covid-19 pandemic.<\/p>\n\n\n\n In 2022<\/a>, the MJC reported a loss of MOP2.1bn (US$261.4m),\u00a0up from MOP1.9bn (US$240m)<\/a>. In January,\u00a0the government announced the termination of the concession contract<\/a>\u00a0during the 2023-24 racing season. The club set a deadline of March 2025 to remove all the horses from the city.<\/p>\n\n\n\n In March, the MJC rejected horse owners\u2019s demands for compensation over the closure of its operations, stating that it was under financial pressure and couldn\u2019t fulfil the requests. The MJC stated it was going to 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","protected":false},"excerpt":{"rendered":" The racehorses were retired from Macau Jockey Club.<\/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":"The Macau Jockey Club (MJC) ceased operations on April 1 after over 40 years, citing persistent financial difficulties and significant losses, exacerbated by the Covid-19 pandemic. Following the government's termination of its concession, approximately 154 racehorses are being relocated to mainland China for various purposes, with the MJC offering limited transportation subsidies despite rejecting owner compensation demands.","focusai_entities":"Macau Jockey Club, TDM","focusai_location":"Macau, Zhuhai, Guangzhou, Beijing, Shanghai, Inner Mongolia, Shandong, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.75), operator_casino (0.85), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Concession Termination Impact","query":"What are the broader implications for other Macau gaming concessionaires regarding regulatory stability and operational continuity following the MJC's forced closure due to financial distress?"},{"label":"Asset Disposition Strategy","query":"How does the MJC's strategy for horse relocation and limited owner subsidies compare to standard asset disposition and stakeholder compensation frameworks in other regulated gaming market closures?"}],"footnotes":""},"categories":[157,16338],"tags":[233,24374],"class_list":["post-777014802","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-sports-betting","tag-the-macau-jockey-club"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014802","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=777014802"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014802\/revisions"}],"predecessor-version":[{"id":777014817,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014802\/revisions\/777014817"}],"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=777014802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777014802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777014802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}