Increase in Football Betting Duty Sees Decline in Income for Hong Kong Jockey Club
The Hong Kong Jockey Club (HKJC) has reported a notable drop in income for the fiscal year ending 30 June 2024, totaling HK$14.8 billion (US$1.90 billion), a 10.5% decrease from the previous year. This decline is largely attributed to an increased duty on football betting and a complex macroeconomic landscape. Challenges in racing and betting: The club has faced […]
The Hong Kong Jockey Club (HKJC) has reported a notable drop in income for the fiscal year ending 30 June 2024, totaling HK$14.8 billion (US$1.90 billion), a 10.5% decrease from the previous year. This decline is largely attributed to an increased duty on football betting and a complex macroeconomic landscape. Challenges in racing and betting: The club has faced […]
