Hong Kong Jockey Club posts record revenue

6 September 2013

The Hong Kong Jockey Club has posted record turnover of HK$94.37 billion (€9.27 billion/$12.16 billion) for the 12 months until June 30 – a 12.3% year-on-year increase.

Following confused reports of the club’s financial results by some media outlets, the Hong Kong operator confirmed its figures to iGaming Business.

The club said that race betting duty payments grew by 12.1% to HK$11.11 billion, the highest figure for 13 years, although net margin on racing, at HK$4.12 billion, was short of the record of HK$4.50 billion in the 1999-2000 year.

Total racecourse attendance of more than two million was the highest for nine years, while the club's football betting revenue shifted up by 7% to HK$50.61 billion despite the lack of a major international tournament in 2013.

The Mark Six lottery generated HK$7.63 billion in turnover, marking a decline of 0.9%.

“These splendid results have been achieved despite a year of considerable challenge for Hong Kong on different fronts, not to mention competitive pressures on the club at both local and international level,” the club’s chairman, Brian Stevenson, said.