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Jockey Club suffers HK$2 billion hit from loss of football betting


Wandering Eyes

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Football’s global shutdown has cost the Jockey Club in excess of HK$2 billion with local punters only able to bet on horse racing for almost two months.Fixed-odds football betting had become one of the most lucrative operations for the Jockey Club since it was legalised in 2003, but it has collected next to nothing since the major leagues shut down in mid-March.The Jockey Club raked in HK$15.3 billion in revenue from $114.1 billion in turnover on football betting in 2018-19 alone, but that…

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