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Hong Kong Season Concludes With Historic Information, Slight Turnover Enhance Over Final Season – Horse Racing Information

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A rare 2022/2023 Hong Kong horse racing season led to exceptional trend on Sunday at Sha Tin Racecourse and strengthened Hong Kong’s world-class racing with history-making performances of excellent horses, trainers, and jockeys.

With only one,250 horses in coaching – or round 0.7 p.c of the world’s horse inhabitants – Hong Kong’s racing as soon as once more displayed its world-class high quality.

Golden Sixty, the primary horse within the historical past of Hong Kong racing to have secured three consecutive Horse of the 12 months crowns, and fellow Group 1 winners Fortunate Sweynesse and Romantic Warrior, are entrenched within the high seven of the LONGINES World’s Finest Racehorse Rankings. They delivered astounding performances towards worldwide rivals within the worldwide highlight on FWD Champions Day on 30 April 2023 and led a clear sweep of the three Group 1 options of the day — FWD Champions Mile, Chairman’s Dash Prize, and FWD QEII Cup.

World-class coach John Measurement grew to become the primary coach to win 12 Hong Kong trainers’ championships. He has educated 1493 winners in Hong Kong and continues to excel with an uncanny potential to patiently develop younger expertise into elite top-level performers. Zac Purton clinched his sixth Hong Kong jockeys’ championship with a single-season report of 179 wins. Residence-grown jockey Vincent Ho was topped the Tony Cruz Award for a fourth time with probably the most wins in a season. They’re all shining examples of the wealthy pool of racing abilities in Hong Kong, which serves as a key driver for the continual improvement of Hong Kong racing.

“Hong Kong’s world-class racing shouldn’t be solely constructed on our state-of-art racing amenities, however extra importantly a wealthy and rising pool of racing abilities throughout all ranges from trainers, jockeys, veterinarians to secure assistants and farriers and many others,”s help the Membership’s Chief Government Officer, Winfried Engelbrecht-Bresges. “The Hong Kong Jockey Membership is dedicated to attracting world-class abilities from abroad and nurturing high-potential home-grown abilities. I’m delighted to see our racing abilities and the horses they prepare and handle, ship exceptional performances this season to native and international followers. They’re the way forward for Hong Kong’s racing.”

The season additionally marks a full return of Hong Kong’s racing to normalcy after three years of the COVID pandemic.

Within the first few months after the season opening in September 2022 when COVID restrictions have been nonetheless in place within the territory, the Membership was capable of overcome the challenges with the help of the Hong Kong SAR Authorities to carry one of many first worldwide sport occasions in Hong Kong — the internationally famend 2022 LONGINES Hong Kong Worldwide Races in December 2022 with the participation of over 300 abroad racing members and greater than 45,000 individuals flocking to Sha Tin Racecourse and Completely satisfied Valley Racecourse to witness Hong Kong horses win three out of 4 Group 1 races. The success of that occasion has set a well timed and compelling instance to the world that Hong Kong is on the worldwide stage once more and can proceed to excel.

Following the uplifting of COVID measures, the Membership has responded rapidly and successfully to carry native racing followers and mainland guests again to the racecourses to get pleasure from not solely our spectacular racing but additionally our exceptional racecourse entertainments with the favored Completely satisfied Wednesday model as a spotlight. A notable instance is that greater than 84,000 individuals attended the Chinese language New 12 months Raceday, the primary characteristic raceday after the total return of Hong Kong to normalcy to kick off a brand new good 12 months.

“What makes Hong Kong’s racing proceed in the course of the over three lengthy years of COVID pandemic is resilience. What makes us successfully leverage the reopening alternative and grasp each likelihood to additional develop and strengthen Hong Kong’s racing is our inimitable ‘can-do’ spirit. I’m happy with the willpower, efforts and help of a large group of stakeholders who love racing, together with our house owners, trainers, jockeys, Membership staff and our racing followers. I’m assured that with the help of the Hong Kong SAR Authorities, Hong Kong’s racing will proceed to play an important position as the preferred sport within the metropolis in addition to a global model of Hong Kong,” mentioned Engelbrecht-Bresges.

Prior to now season, the Membership has been working laborious to deal with the challenges introduced by the COVID pandemic. The Membership understands that our worthwhile house owners’ expertise within the racecourses throughout probably the most stringent interval of COVID pandemic was considerably compromised as their attendance and actions throughout a race assembly have been restricted because of the implementation of stringent public well being safety measures. With a view to stimulate the house owners’ pursuits in racing, the Membership introduced the record-high prize cash and incentives construction of HK$1.73 billion throughout the 2023/2024 season in Might. This included an 8% rise within the home racing prize cash pool and an increment to the PP bonus scheme. The Membership is assured that these enticing incentives and growing returns on investments will incentivize our house owners to carry extra high quality horses to Hong Kong to make sure a steady excellent efficiency of Hong Kong horses on the worldwide stage.

The Membership has stringent measures in place to make sure horse welfare. In gentle of the more and more sizzling climate throughout summer season, the Membership has proactively launched Twilight conferences in June and July to safeguard the welfare of horsemen and racehorses. The Membership will perform a evaluate and take into account the response of stakeholders to determine future preparations.

The Membership closed out the season’s 88th and remaining assembly, together with seven Twilight fixtures, with a complete of 835 Hong Kong races and 299 abroad simulcast races and posted turnover of HK$141.1 billion, representing a slight 0.5% enhance over the 2021/2022 season. The overall turnover of the season finale assembly reached HK$2.065 billion, a rise of 1.3% year-on-year. This additionally marks a double record-high for a season finale and a single race assembly after the institution of the HKSAR in 1997.

Below the present financial scenario, it’s no shock that the turnover from Hong Kong prospects has skilled a slight lower of 0.3 p.c with an acceleration ranging from April. The Membership’s technique to market Hong Kong Racing globally through commingling has been an awesome success and represents 19.6 p.c of the full turnover at current. On this season we’ve got seen a rise of three.9 p.c which has helped to mitigate the impression of the slight turnover lower from Hong Kong prospects.

The growing recognition of simulcast of abroad races and the growing appreciation of the worldwide nature of racing contributed to a 12.5% development in simulcast turnover to over HK$11.8 billion. Whereas nearly all of the simulcast turnover comes from Hong Kong prospects which registered an 11.3% development to HK$10.5 billion, the turnover generated through the World Pool from our abroad prospects and companions has grown by 23% to HK$1.3 billion.

The Membership has established Hong Kong as the worldwide hub for wagering on the world’s greatest races with much more enterprise potential sooner or later. The turnover of all simulcast races performed below the World Pool Model (together with each Hong Kong and abroad prospects) have elevated from HK$6.2 billion in 2021/2022 season to HK$7.3 billion, representing a 18.5% enhance. Now we have continued to extend the variety of World Pool races to 24 days this season that includes lots of the LONGINES Prime 100 Group 1 races. Now we have additionally broadened our World Pool partnership to incorporate racing from Australia, Saudi Arabia, and Germany for the primary time.

Engelbrecht-Bresges mentioned: “Below such a difficult financial scenario, our general season racing turnover of HK$141.1 billion could be very passable. The power of the turnover displays the standard of our merchandise and the on-going help of our prospects. Nevertheless, we’ll keep vigilant as there shall be vital challenges from offshore bookmakers following the reopening of borders and likewise unlawful bookmakers. To make sure our racing will keep aggressive and keep its world-class standing, we’ll re-invest in racecourse property and improve buyer expertise. We may even grasp the distinctive improvement alternative within the GBA below the ‘One Nation Two Techniques’ precept. In any case, the Membership is appearing for the betterment of society. All we do is to contribute extra to our neighborhood with a strategic focus that greatest meets the wants of Hong Kong individuals.”

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