Hong Kong Jockey Club Hits Record HK$331.7 Billion Turnover as Illegal Betting and Delayed Projects Cloud Outlook

The Hong Kong Jockey Club handled a record HK$331.7 billion in bets and lottery sales in the year to June 30, but the figures came with a warning: rising competition from illegal gambling, heavy taxation and delayed returns from major investments are putting more strain on the model that funds billions of dollars in p…