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  1. Government to overhaul horse racing betting system

    Posted Apr 07th 2006, 12:00am by Staff Reporter

    ... LAI YING-KIT Updated at 5.26pm: The government said on Friday it was ready to press ahead with proposals to switch the betting tax regime on horse racing from a turnover-based one to one ... Chi-ping told reporters on Friday the reforms were designed to rationalise the regulatory system for horse-race betting and to combat illegal gambling. 'The government's policy ...

  2. Top horses and tax changes point to a great new season

    Posted Sep 04th 2005, 12:00am by Alan Aitken

    ... have grown steadily in stature to a position of high international respect. The SAR now boasts several horses listed in the world's best 50 thoroughbreds, including the undisputed world ... for other major jurisdictions like Britain and Singapore and the Jockey Club is bullish about its prospects. 'We may have the changes through in January which will allow us to reposition racing ...

  3. Race is on to snare coveted spot at jockey school

    Posted Jul 13th 2012, 12:00am

    ... world-class jockeys,' said Chan, who manages the training and educational programme for the club's Racing Development Board. There are 1,000 applicants for this year's intake, of whom just 20 will be selected. The apprentices are put through a multi-phase programme covering everything from riding techniques to stable management. Under the tutelage of racing veterans, ...

  4. Moore thrilled with top-priced colt

    Posted Dec 13th 2003, 12:00am by Murray Bell

    ... of shipping magnate George Chao and famous former Taiwanese actress Lily Ho. 'George and his family have been racing horses with the Moores for at least 25 years, it's been a wonderful ... he made it to the sale, he owed the Hong Kong Jockey Club $2,089,000. 'He was a beautiful colt and was one of only two horses that I was seriously interested in,' Moore said later. ...

  5. Protect race revenues, officials are warned

    Posted Apr 27th 2004, 12:00am by Alan Aitken

    ... executive Lawrence Wong Chi-kong who said the club faced continued erosion of tax revenue from racing unless there was tax reform. As 10 more Asian Racing Federation (ARF) jurisdictions added ... racehorses. 'We have a powerful voice in world racing, so let's use it. Let's reach out to Europe and North America and urge them to join us in a global Good Neighbour Policy. But above ...

  6. Asian tracks hit by stifling tax policies

    Posted May 25th 2005, 12:00am by Murray Bell

    ... to bring perfectly viable racing industries to their collective knees. In Hong Kong at the present time, the future of the horse racing industry lies with the members of the Legislative Council, ... of what's bet on horse racing. The illegal bookies get the other 92. And if you think that's tough, consider the presentation made by the chairman of the Jockey Club of Turkey, Umur Tamer, who ...

  7. Reform of taxes is 'only way forward'

    Posted Jun 22nd 2004, 12:00am by Murray Bell

    ... Murray Bell Racing is at the cross roads. What was once unquestionably the world's greatest racing-wagering product has just completed seven successive years of decline, the latest ... represent the majority of turnover and are chronically over-taxed. To make matters worse, the new arrival on the wagering scene, soccer betting, is taxed far more leniently than racing. On Sunday ...

  8. Jockey Club aims to bust the $100b turnover barrier

    Posted May 26th 2005, 12:00am by Murray Bell

    ... Murray Bell in Seoul The Hong Kong Jockey Club will next season break the $100 billion turnover barrier for the first time, for soccer and horse race betting combined. Jockey Club ... in soccer betting has enabled us to improve the age profile of our customers considerably,' Chan said. 'The horse racing and lotteries [Mark Six] businesses have also benefited from ...

  9. KRA's turnover rises despite lack of quality

    Posted May 25th 2005, 12:00am by Murray Bell

    ... control. Once the new Pusan track opens in July, racing will be simulcast around the nation three or four times per week. Horse racing formerly had a gambling monopoly in Korea but now has ... Murray Bell Racing in Korea may be well behind other major Asian racing nations in terms of quality, but they have an agenda of growth and the fuel to make things happen- significant ...

  10. Club splashes out at Sydney sale

    Posted Apr 13th 2012, 12:00am

    ... at A$420,000. 'If we tried to buy the Distorted Humour colt at Keeneland [US sale], he would have been too expensive,' Richards said. 'He is not the sort of horse they are looking for in this part of the world, but we've got a top-quality colt at under A$200,000 and he was one of the best horses at the sale- he was the right horse at the wrong sale- and the Street Cry ...




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