Hong Kong Jockey Club reports record HK$331.7bn annual turnover
By SectorWire desk ·
Summary
Hong Kong Jockey Club recorded HK$331.7bn in betting and lottery turnover for the year to 30 June. Turnover grew 3.6%, while community contributions increased 0.6% to HK$39.3bn. The report said the Club expects its operating surplus to decline further over the next several years.
Why it matters
Slower growth in community contributions and an expected decline in operating surplus show the financial pressures accompanying the Club’s record turnover.