{"id":777017278,"date":"2024-07-16T09:55:01","date_gmt":"2024-07-16T12:55:01","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777017278"},"modified":"2026-04-22T08:08:13","modified_gmt":"2026-04-22T11:08:13","slug":"hkjc-posts-turnover-of-us17-3bn-for-2023-24-season","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/hkjc-posts-turnover-of-us17-3bn-for-2023-24-season","title":{"rendered":"HKJC posts turnover of US$17.3bn for 2023\/24 season"},"content":{"rendered":"\n

The Hong Kong Jockey Club\u2019s turnover declined 4.5 per cent when compared to the previous season.<\/p>\n\n\n\n\n\n\n\n

Hong Kong.- The Hong Kong Jockey Club (HKJC) has posted\u00a0a turnover of HK$134.7bn (US$17.3bn) in its financial results for the 2023\/24 season. That represents a decline of 4.5 per cent\u00a0when compared to the previous season<\/a>.<\/p>\n\n\n\n

The HKJC hosted\u00a088 race meetings in the season, comprising 831 Hong Kong races and 368 overseas simulcast races. There were seven twilight fixtures.<\/p>\n\n\n\n

The Club said its global customer expansion strategy helped to partially offset the local downturn. Hong Kong races saw a record commingling turnover of HK28.8bn, a 13.7 per cent increase over the 2022\/23 season. Simulcasts of overseas races, including World Pool commingling, were up by 8.7 per cent to HK$12.8bn. <\/p>\n\n\n\n

The season saw an increase in the number of World Pool races from 175 to 258, including the expansion of the World Pool to Australia. The turnover of World Pool increased by 57.1 per cent compared to last season.<\/p>\n\n\n\n

Chief executive,\u00a0Winfried Engelbrecht-Bresges said: \u201cWe had the best-ever season finale, we want to position racing as a world-class entertainment and sporting event. We couldn\u2019t have planned a better season finale than today when the on-course atmosphere and response from our 30,000 racing fans, which include a record number of over 6,000 Mainland visitors, was amazing.<\/p>\n\n\n\n

“In the upcoming season, the Club will invest HK$140m to lower livery fees and extend additional financial support for the export of retired horses. In addition, under the Racecourse Master Plan, we have started to refurbish the stables at Sha Tin. I am confident that these measures will encourage owners to bring in more top-class horses to sustain and grow our horse population.<\/p>\n\n\n\n

\u201cUnder such a challenging economic situation, our overall season racing turnover is satisfactory. While the Club will continue to grow and expand its overseas customer base, the decline in local racing wagering turnover underlines that it must constantly engage and re-engage with Hong Kong racing fans.\u201d<\/p>\n\n\n\n

See also: <\/strong>HKJC and Volleyball Nations League Hong Kong launch community programme<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Hong Kong Jockey Club\u2019s turnover declined 4.5 per cent when compared to the previous season.<\/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 Hong Kong Jockey Club reported a 4.5% decline in total turnover to HK$134.7bn for the 2023\/24 season, primarily attributed to a downturn in local wagering. This was partially mitigated by a robust global customer expansion strategy, yielding significant growth in Hong Kong races commingling (+13.7%) and World Pool turnover (+57.1%), alongside strategic investments in racing infrastructure and horse population development.","focusai_entities":"The Hong Kong Jockey Club, Winfried Engelbrecht-Bresges, Volleyball Nations League Hong Kong","focusai_location":"Hong Kong, Australia","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Local vs. Global NGR","query":"Given the decline in local wagering turnover, what specific initiatives are planned to reverse this trend, and what is the projected NGR contribution from the global customer expansion strategy in the next fiscal year?"},{"label":"World Pool Expansion ROI","query":"What is the projected return on investment for the expanded World Pool initiatives, particularly following its extension to Australia, and how will this impact overall GGR contribution and market share?"}],"footnotes":""},"categories":[16338,163],"tags":[22317],"class_list":["post-777017278","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-hong-kong-jockey-club"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017278","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=777017278"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017278\/revisions"}],"predecessor-version":[{"id":777017304,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017278\/revisions\/777017304"}],"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=777017278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777017278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777017278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}