Hong Kong Jockey Club finishes season with record revenues

 
Alys Key
Follow Alys
HONG KONG-RACING-ECONOMY-LIFESTYLE-SPORT
Bets on HKJC races often outstrip big British events (Source: Getty)

The Hong Kong Jockey Club reported record turnover for the 2016-2017 season of 117bn Hong Kong dollars (£11.5bn), as huge bets helped it race to a win.

The 10.7 per cent rise follows a drop of two per cent last year, the first decline in eight seasons.

Read more: William Hill reports revenue growth and says transformation is on track

Betting levels at the club often dwarf even the biggest British horse-racing events.

The relatively low-profile season finale on Sunday turned over 1.86bn Hong Kong dollars (£182m), more than the entire four-day Cheltenham festival and about the same as the Grand National.

Read more: House of Fraser appoints Goodwood's Alex Williamson as new chief

Related articles