A fireworks display marks the 2024-25 season finale at Happy Valley Racecourse on July 16. Photo: Kenneth Chan.
The Hong Kong Jockey Club said it had an “excellent performance” on and off the racecourse in the past financial year, highlighting a 5 per cent increase in turnover and record contribution in betting duty and profits tax at its annual general meeting on Friday.
Despite a “challenging economic environment and the rising threat of illegal gambling”, the club reported wagering and lottery turnover of HK$320.3 billion for 2024-25, and a record HK$28.8 billion payment to the government.
There was also record turnover for football betting, which jumped 7.8 per cent to HK$172.8 billion.
In a year CEO Winfried Engelbrecht-Bresges said was “nothing short of outstanding”, the club welcomed a record 195,786 visitors from mainland China – a 110 per cent increase over the 2023-24 season – along with an increased number of overseas tourists.
