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Where has the money gone? Jockey Club betting drops HK$1.6 billion in four months


Wandering Eyes

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The Hong Kong Jockey Club’s betting turnover on racing plunged HK$1.6 billion from the start of March until the end of June, virtually falling off a cliff after more than a decade of enormous growth.Racing turnover more than doubled from 2005-06 (HK$60 billion) to 2017-18 (HK$124 billion), so the sudden dip has many espousing theories about what has gone wrong.Turnover is the lifeblood of racing – it single-handedly supports the industry, enabling the Jockey Club to be the highest taxpayer in…

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