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Hong Kong Jockey Club Earning Report
Tuesday September 6,2016 : HONG KONG JOCKEY CLUB HAILS ANNUAL RESULTS
Customer-centric approach integral to Club’s success.
The Hong Kong Jockey Club (HKJC) delivered a sterling set of annual results despite the economic downturn.
During the 12 month period, ending June 30 2016, the HKJC generated overall turnover of HK$ 202.70 billion, an increase of 6 percent which contributed HK$20.91 billion in duty and profits tax to the Hong Kong Government, and a further contribution of HK$1.28 billion was made to the Lotteries Fund. Reaching an all-time-high, Charitable contributions amounted to HK$3.90 billion. In total, the Club’s total direct return to the community increased 4 percent to HK$26.09 billion.
“This substantial increase in commitments has been accompanied by an equally significant transformation in the way we address community needs,” Dr Ip, chairman of the HKJC said. “The Charities Trust now actively collaborates with all sectors of the community, creating opportunities for, and more importantly encouraging, multi-sector participation. Our objective is to maximise available resources in our community and optimise outcomes.”
The Club attributed its success to both the quality of its world-class racing, the strong performance of its responsible wagering and lottery services and a customer-centric approach.
Racing turnover for the financial year reached HK$107 billion, up 1.8 percent, football turnover was up 10.9 percent to HK$86.80 billion and the HKJC Mark Six lottery business recorded a 9.9 percent increase to HK$8.55 billion.
“Also fundamental to the Club’s customer-centric approach is the development of new digital products to meet customer demand for speed, convenience and connectivity,” Winifried Engelbrecht-Bresges, chief executive officer of the HKJC said.
Looking ahead, the Club will develop a multi-billion, next generation customer information and wagering system to stay ahead of the game. It will also look to expand recently introduced commingling, particularly in Europe.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
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