The government plans to create a multifunctional venue.<\/p>\n\n\n\n\n\n\n\n
Macau.- Almost a month and a half after the last race\u00a0was held, the Macau government has taken back the land\u00a0that\u00a0housed the Macau Jockey Club (MJC)<\/strong>. The order, issued by the secretary for transport and public works and published in the Government Gazette on Thursday (May 16), reverts the concession of the 362,000 square-metre plot <\/strong>held by Macau Horse Race Co without compensation to the former horse racing concessionaire.<\/p>\n\n\n\n Chief executive\u00a0Ho Iat Seng<\/strong>\u00a0has said that the land will be used for a multifunctional venue, ruling out prospects of constructing casino resorts or residential structures.<\/p>\n\n\n\n The MJC ended its operations on April 1<\/a>\u00a0after more than 40 years\u00a0in operation. The last races\u00a0were held\u00a0before a turnout of approximately 3,000 spectators. The government had announced the termination of the concession contract<\/a>\u00a0in January noting that the club had been facing financial difficulties for years. <\/p>\n","protected":false},"excerpt":{"rendered":" The government plans to create a multifunctional venue.<\/p>\n","protected":false},"author":176,"featured_media":17273,"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 government has reclaimed a 362,000 square-metre plot of land previously held by the Macau Jockey Club (MJC) without compensation, following the termination of its concession due to financial difficulties. Chief Executive Ho Iat Seng stated the land will be developed into a multifunctional venue, explicitly precluding casino resorts or residential structures. This action follows MJC's cessation of operations on April 1 after over 40 years.","focusai_entities":"Macau Jockey Club (MJC), Macau Horse Race Co, Ho Iat Seng","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), operator_casino (0.9), investor_analyst (0.95), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Land Use Strategy?","query":"What are the broader implications of Macau's land reclamation policy and the explicit exclusion of casino resorts for future integrated resort development and capital expenditure planning by existing concessionaires?"},{"label":"Economic Diversification Impact?","query":"How does the government's plan for a 'multifunctional venue' on the former MJC land align with Macau's long-term economic diversification strategy, and what non-gaming verticals are likely to be prioritized for development?"}],"footnotes":""},"categories":[157,16338],"tags":[24374],"class_list":["post-777015557","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-the-macau-jockey-club"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015557","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=777015557"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015557\/revisions"}],"predecessor-version":[{"id":777015591,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015557\/revisions\/777015591"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17273"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777015557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777015557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777015557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}