{"id":9550,"date":"2020-09-01T22:54:43","date_gmt":"2020-09-01T22:54:43","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=9550"},"modified":"2026-04-24T02:13:35","modified_gmt":"2026-04-24T05:13:35","slug":"hk-jockey-club-annual-revenue-down-11-6-per-cent","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/hk-jockey-club-annual-revenue-down-11-6-per-cent","title":{"rendered":"HK Jockey Club annual revenue down 11.6 per cent"},"content":{"rendered":"\n

Total revenue for the past fiscal year amounted to HK$218,749 million (US$28.2 billion), mostly from horse racing.<\/p>\n\n\n\n\n\n\n\n

Hong Kong.- The Hong Kong Jockey Club (HKJC) has posted an 11.6 per cent drop in revenue in its financial results for the last fiscal year.<\/p>\n\n\n\n

Total revenue amounted to HK$218.7bn (US$28.2bn). Most of that came from horseracing, which brought in HK$120,990bn (US$15.6bn) from July 1, 2019 to June 30, 2020. <\/p>\n\n\n\n

The decline in revenue from horseracing was 3.2 per cent<\/a><\/em> <\/strong>year-on-year, not bad considering the lockdown measures implemented during the latter part of the financial year.<\/p>\n\n\n\n

Some betting shops remained closed<\/a><\/em><\/strong> for several weeks amid the Covid-19 pandemic, and races continued without audiences.<\/p>\n\n\n\n

The segment that saw the biggest fall in revenue was the Mark Six lottery. It brought in only HK$5.2bn (US$665m) for the 12 months, down 39 per cent on the previous financial year.<\/p>\n\n\n\n

Football turnover was HK$92.6bn (US$11.9bn), down 18.8 per cent, mainly due to the cancellation of matches in sports leagues worldwide, the HKJC<\/em><\/strong> said.<\/p>\n\n\n\n

During the 12 months prior to June 30 the club returned a total of HK$25.2bn (US$3.2bn) to the community, including a HK$346m (U$44.6m) commitment to tackle the impact of the Covid-19 pandemic.<\/p>\n\n\n\n

In a release announcing the results the HKJC said: \u201cThe Club\u2019s success, when much of global sport and racing was shut down, earned accolades around the world. It also enabled the Club to provide valuable stay-at-home-entertainment at a time when residents were being urged to avoid public gatherings.\u201d<\/p>\n\n\n\n

HKJC Chairman Philip Chen said it was one of the finest years in the Club\u2019s history.<\/p>\n\n\n\n

He said: \u201cI believe we have every reason to be proud of the Club. We maintained our core racing, wagering and membership operations. We kept our customers, members, employees and licensed personnel safe and protected. Above all, we stayed true to our purpose. <\/p>\n\n\n\n

“In short, we did what was right for the Club and what was best for Hong Kong.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Total revenue for the past fiscal year amounted to HK$218,749 million (US$28.2 billion), mostly from horse racing.<\/p>\n","protected":false},"author":2,"featured_media":9552,"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 an 11.6% decline in total revenue to HK$218.7bn for FY2019-2020, primarily due to COVID-19 impacts on its horse racing, Mark Six lottery, and football wagering verticals. Despite the downturn, the Club maintained core operations and contributed HK$25.2bn to the community, demonstrating resilience amidst global sports disruptions.","focusai_entities":"Hong Kong Jockey Club, Philip Chen","focusai_location":"Hong Kong","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.7), operator_casino (0.9), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on FY21 Projections?","query":"Given the FY20 revenue decline across key gaming verticals, what are the Hong Kong Jockey Club's revised GGR and NGR projections for FY21, and what specific operational adjustments are planned to mitigate ongoing market volatility?"},{"label":"Diversification Strategy?","query":"How does the HKJC plan to diversify its revenue streams beyond traditional horse racing and lottery, particularly in light of the significant decline in Mark Six and football wagering, to enhance long-term financial resilience?"}],"footnotes":""},"categories":[161,16338,163],"tags":[2016,1619,4256],"class_list":["post-9550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-news","category-east-asia-news","category-finance-news","tag-hkjc","tag-hong-kong","tag-horse-racing"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9550","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=9550"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9550\/revisions"}],"predecessor-version":[{"id":777010316,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9550\/revisions\/777010316"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/9552"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=9550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=9550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=9550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}