The Hong Kong Jockey Club broke more records on Sunday, with the 88th and final meeting of the 2022/23 Hong Kong racing season setting a new turnover record for both a single race meeting and the season finale.
Turnover of HK$2.07 billion (US$264 million) represented an increase of 1.3% year-on-year and took total turnover for the season – comprising 835 Hong Kong races and 299 overseas simulcast races – to HK$141.1 billion (US$18.1 billion), up 0.5% year-on-year.
The increasing popularity of the simulcast of overseas races contributed to a 12.5% growth in simulcast turnover to over HK$11.8 billion (US$1.51 billion), of which HK$10.5 billion (US$1.34 billion came from Hong Kong customers. However, turnover generated via World Pool from the HKJC’s overseas customers and partners also grew by 23% to HK$1.3 billion (US$166 million).
The turnover of all simulcast races conducted under the World Pool Brand, including both Hong Kong and overseas customers, increased from HK$6.2 billion (US$793 million) in the 2021/22 season to HK$7.3 billion (US$934 million), representing a 18.5% increase.
“Under such a challenging economic situation, our overall season racing turnover of HK$141.1 billion is very satisfactory,” said HKJC CEO, Winfried Engelbrecht-Bresges.
“The strength of the turnover reflects the quality of our products and the on-going support of our customers. However, we will stay vigilant as there will be significant challenges from offshore bookmakers following the reopening of borders and also illegal bookmakers.
“To ensure our racing will stay competitive and maintain its world-class status, we will re-invest in racecourse assets and enhance customer experience. We will also grasp the unique development opportunity in the GBA under the ‘One Country Two Systems’ principle. After all, the Club is acting for the betterment of society. All we do is to contribute more to our community with a strategic focus that best meets the needs of Hong Kong people.”
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