{"id":777031053,"date":"2025-09-01T07:59:23","date_gmt":"2025-09-01T10:59:23","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777031053"},"modified":"2026-04-21T19:38:25","modified_gmt":"2026-04-21T22:38:25","slug":"hong-kong-jockey-club-celebrates-140th-anniversary-with-us5bn-community-contribution","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/hong-kong-jockey-club-celebrates-140th-anniversary-with-us5bn-community-contribution","title":{"rendered":"Hong Kong Jockey Club reports strong full-year results"},"content":{"rendered":"\n

Wagering and lottery turnover for 2024\/24 was up 5 per cent.<\/p>\n\n\n\n\n\n\n\n

Hong Kong.- The Hong Kong Jockey Club (HKJC) has reported strong results for its 140th anniversary<\/a> year. Despite a challenging economic environment, it reported wagering and lottery stakes were up 5 per cent to HK$320.3bn (US$40.8bn), generating revenue of HK$43.8bn (US$5.62bn).<\/p>\n\n\n\n

Total revenue was HK$49.3bn. Less operating costs of HK$14bn (US$1.79bn), EBITDA was HK$35.3bn (US$4.53bn). As reported at the Annual General Meeting (AGM) on August 29,\u00a0the HKJC contributed a record HK$28.8bn (US$3.69bn) in betting duty and profits tax to the HKSAR government and HK$1.3bn to the Lotteries Fund.<\/p>\n\n\n\n

The Club\u2019s Charities Trust approved HK$9bn (US$1.15bn) in donations, the second highest in its history, with 202 charities and community projects benefiting.<\/p>\n\n\n\n

Racing wagering turnover was up 1.8 per cent to HK$138.5bn (US$17.76bn). Turnover on simulcasting (including World Pool commingling) was up 2.3 per cent to HK$13.1bn (US$1.68bn) while football bets set a new record of HK$172.8bn (US$22.15bn), up 7.8 per cent.\u00a0<\/p>\n\n\n\n

Club chairman Michael Lee said: “This year, the Club celebrated its 140th anniversary with truly world-class performances that underscored our commitment to society. Our racing attracted record tourist numbers, boosting the economy and showcasing Hong Kong globally. We also approved HK$9bn in donations, supporting a variety of charitable causes.”<\/p>\n\n\n\n

Club CEO Winfried Engelbrecht-Bresges added: “Despite economic challenges and illegal gambling, our results were outstanding, thanks to our strategic focus on world-class racing and customer centricity. We plan to become a global racing, sports, and entertainment brand, with exciting developments at Conghua Racecourse for the upcoming year.”<\/p>\n\n\n\n

HKJC is set to implement regulated basketball betting<\/a>.
<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t\"\"<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Macau Legend warns of US$182m loss ahead of satellite casino closure<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

Wagering and lottery turnover for 2024\/24 was up 5 per cent.<\/p>\n","protected":false},"author":226,"featured_media":14228,"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 (HKJC) reported robust financial results for its 140th anniversary year, with wagering and lottery stakes up 5% to HK$320.3bn, generating HK$43.8bn in revenue. The Club contributed a record HK$28.8bn in betting duty and profits tax to the HKSAR government and approved HK$9bn in charitable donations. HKJC also announced plans to implement regulated basketball betting and expand as a global racing, sports, and entertainment brand.","focusai_entities":"Hong Kong Jockey Club, HKSAR government, Michael Lee, Winfried Engelbrecht-Bresges, Macau Legend","focusai_location":"Hong Kong","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (0.8), operator_casino (0.9), marketing_crm (0.7), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Growth Drivers","query":"What specific market conditions or operational efficiencies contributed to the 5% increase in wagering and lottery stakes despite a challenging economic environment?"},{"label":"Regulatory Impact","query":"How will the implementation of regulated basketball betting impact HKJC's revenue streams and what new compliance frameworks will be required?"}],"footnotes":""},"categories":[157,16338],"tags":[22317],"class_list":["post-777031053","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\/777031053","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777031053"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777031053\/revisions"}],"predecessor-version":[{"id":777031090,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777031053\/revisions\/777031090"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/14228"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777031053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777031053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777031053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}