• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Sunday 1 June 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
No Result
View All Result

The Hong Kong Jockey Club declares record turnover of HK$290 billion in 2021/22 season

Ben Blaschke by Ben Blaschke
Mon 12 Sep 2022 at 04:50
Hong Kong Jockey Club sees FY20 turnover fall 11.6% to US$28 billion
62
SHARES
1.6k
VIEWS
Print Friendly, PDF & Email

The Hong Kong Jockey Club announced yet another record season in 2021/22, with turnover reaching an all-time high of HK$290 billion (US$36.9 billion) for the year ended 30 June 2022.

The massive result saw The HKJC – already renowned as the single largest tax paying entity in Hong Kong – return a record HK$33.6 billion (US$4.3 billion) to the community, including HK$27.0 billion (US$3.4 billion) to the government in betting and lottery duty, profits tax and Lotteries Fund contributions, and approved charity donations of HK$6.6 billion (US$841 million). Of this, HK$1.4 billion (US$178 million) was specifically donated to fight the COVID-19 pandemic.

In announcing its 2021/22 results, The HKJC noted that not a single race day was missed during the season with investment in world-class technology meaning that 90% of turnover now via online and mobile channels.

Commingling markets also climbed to comprise 18.3% of total racing turnover. This additional revenue was responsible for the Club’s record results and enabled the Club to strengthen its support for the community, it said.

Racing turnover for 2021/22 was up 3.1% to HK$140.4 billion (US$17.9 billion) and while racing betting duty returned to the HKSAR Government grew by 2.9% to HK$14.1 billion (US$1.8 billion).

With racing turnover from Hong Kong customers slightly down due to the temporary closure of Off Course Betting Branches, the main driver of growth was commingling – up 11.1% to HK$25.7 billion (US$3.3 billion).

Simulcasting, meanwhile, increased by 47.9% to HK$9.4 billion (US$1.2 billion) thanks to the government’s decision to increase simulcast days to 37 per year.

Football betting also saw turnover up 2.6% to HK$143.8 billion (US$18.3 billion), exceeding last year’s record turnover, with football betting duty growing by 6.5% to HK$9.8 billion(US$1.2 billion).

Mark Six turnover was up 72.6% to HK$5.8 billion (US$739 million), generating lottery duty and Lotteries Fund contributions of HK$2.4 billion (US$306 million).

“The Club’s achievement this year, as throughout the pandemic, is the product of the Club’s long-term strategic investment in racing, technology and people,” said CEO Winfried Engelbrecht-Bresges.

“Without this we would not have had the resilience to keep racing going, or the means to stay connected with our customers. We also owe an enormous debt of gratitude to our horse owners, trainers and jockeys for their support and most especially to our staff. My sincere and deepest thanks to them all.”

RelatedPosts

Tim McNally to retire as NagaCorp chairman, Philip Lee named successor

Tim McNally to retire as NagaCorp chairman, Philip Lee named successor

Thu 22 May 2025 at 17:58
Total racing turnover down 4.5% in latest Hong Kong Jockey Club season on challenging economic conditions

Hong Kong Jockey Club announces initiative to transform into global sports entertainment brand

Tue 13 May 2025 at 05:24
Analysts puzzled as combined market cap of Macau concessionaires falls back to 2022 COVID levels

Macau’s Hong Kong-listed gaming stocks all fall by more than 10% Monday on impact of US tariffs

Mon 7 Apr 2025 at 18:55
Suncity Group claims majority 69.66% stake in Summit Ascent Holdings

Summit Ascent expecting to record US$5 million profit for FY24 on improved Russia casino performance

Tue 1 Apr 2025 at 06:23
Load More
Tags: comminglingHong KongHong Kong Jockey ClubracingturnoverWinfried Engelbrecht-Bresges
Share25Share4
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Foreigner-only casinos: Seize the day

Editorial – Foreigner-only casinos: Seize the day

by Ben Blaschke
Thu 29 May 2025 at 13:38

I was recently asked by someone working at a foreigner-only casino for my thoughts on the outlook for the Asian...

On the brink

On the brink

by Pierce Chan
Thu 29 May 2025 at 13:27

The transition period for Macau’s 11 satellite casinos is set to expire at the end of this year, after which...

A moral defense of gambling

A moral defense of gambling

by Andrew Russell
Wed 28 May 2025 at 18:19

Economist Andrew Russell explores the differences between community benefit and in-principle arguments for the existence of a legal gambling industry...

Face to face

Face to face

by Ben Blaschke
Wed 28 May 2025 at 18:08

Konami caught the eye at the recent G2E Asia show in Macau with its SYNK Vision Tables, which utilize facial...

Evolution Asia
Aristocrat
GLI
Mindslot
Mindslot
Solaire
Hann
Tecnet
Nustar
Jumbo

Related Posts

10 Years Ago – Reimagining Sri Lanka

Sri Lanka gazettes draft bill to establish Gambling Regulatory Authority

by Newsdesk
Sat 31 May 2025 at 06:03

A draft bill that would establish an official regulator for the Sri Lankan gaming industry, to be known as the Gambling Regulatory Authority, has taken another step forward after being gazetted. According to the Sri Lanka Mirror, the official announcement...

RGB International signs agreement to distribute KL Saberi and Atlas gaming machines

After record-breaking sales in 2024, Malaysia’s RGB sees 1Q25 profit fall to

by Newsdesk
Sat 31 May 2025 at 05:53

Malaysian gaming product distributor RGB International Bhd has reported group-wide revenue of MYR73.6 million (US$17.3 million) for the three months to 31 March 2025, down 65% year-on-year due to a lower number of products sold. The figure was also 79%...

Robert Goldstein to step aside as LVS Chairman and CEO from March 2026, replaced by Patrick Dumont

Robert Goldstein: Macau gaming market challenged by increased competition, online gambling and US-Sino trade war

by Ben Blaschke
Fri 30 May 2025 at 06:42

Las Vegas Sands (LVS) Chairman and CEO Robert Goldstein has bemoaned the lingering impact of the US-China trade war, as well as increased domestic and regional competition and the rise of online gambling across Asia for sustained flatness in the...

Industry hopes Thai Entertainment Complex Roundtable can establish “common ground” with those opposing legal casinos

Industry hopes Thai Entertainment Complex Roundtable can establish “common ground” with those opposing legal casinos

by Ben Blaschke
Fri 30 May 2025 at 05:38

Industry figures taking part in the Thai Entertainment Complex Roundtable (TECR) next Thursday 5 June hope to find common ground with those who oppose Thailand’s Entertainment Complex Bill, citing the opportunity to use an evidence-based approach to achieve outcomes that...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English