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The Hong Kong Jockey Club said it had an “excellent performance” in the past financial year, reporting a 5 per cent increase in turnover to HK$320.3 billion and a record HK$28.8 billion in betting duty and profits tax at its annual general meeting on Friday. Despite a “challenging economic environment and the rising threat of illegal gambling”, the club said the turnover generated wagering and lottery revenue of HK$43.8 billion out of a total of HK$49.3 billion. There was also record turnover...

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