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Record turnover at Happy Valley for Hong Kong racing’s season finale

George Miller

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Record turnover at Happy Valley for Hong Kong racing’s season finale
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Hong Kong’s “season like no other” ended at Happy Valley on Wednesday 15th July with turnover of HK$1.6 billion (£160 million), a record for a fixture at the iconic city-side venue.

The Hong Kong Jockey Club navigated the uncertainty of the ongoing global COVID-19 pandemic decisively, implementing measures that protected public and employee health, and enabled the sport to continue; and also managed issues related to demonstrations in the city, which caused significant traffic disruptions to customers and staff, and which had a significant impact on attendance.

Mr. Winfried Engelbrecht-Bresges, Chief Executive Officer at the Hong Kong Jockey Club, commented: “While we recognise that the Coronavirus situation is an ongoing battle, and we must remain vigilant, I can say that it has been heartening to see the Hong Kong community pull together and play a crucial part in combatting its effects; the Hong Kong Jockey Club has been quick to reflect and enact those safeguarding measures and policies while continuing to race.

“We are pleased to have been able to complete a full season but of course our prime focus throughout, and a real challenge, was to act responsibly to protect the public health and safety of our staff, customers and the wider community, at every turn, while at the same time balancing that with the desire for our sport to continue.”

 

Turnover and contributions

Hong Kong’s total racing turnover in the 2019/20 season was HK$121.6 billion (£12.2 billion) which was down only 2.6 percent on the previous season and was still the third-highest ever despite COVID-19 placing severe pressure on domestic wagering in Hong Kong.

The turnover on Hong Kong racing by Hong Kong customers understandably declined by 8.3 percent due to the effects of the Club’s 100 OCCBs (off-course betting branches) being closed or operating on reduced opening from early February, and fans unable to attend the racecourse for almost half the season.

Turnover dipped by almost 26 percent in early February but wagering rallied through the later part of the season and climaxed with Happy Valley’s record turnover at the finale fixture. The impacts on OCBBs necessitated a change and resulted in the Club helping customers migrate online.

There were further positives as total commingling turnover increased to a record HK$23.58 billion (£2.36 billion), up 25.3 percent on last season; and Hong Kong racing fans continued to show a growing interest in the sport overseas, as evidenced in the 12.9 percent increase in the Club’s simulcast turnover.

Mr. Engelbrecht-Bresges said: “Our overall season’s racing turnover of more than HK$121 billion is pleasing in light of the significant challenges as it only reduced by 2.6 percent. Commingling continues to be a huge growth area for the Club.”

Mr. Engelbrecht-Bresges noted the “strategic value of commingling,” in which people from around the world participate and bet on Hong Kong racing, and observed that the figures show the global appeal and growing interest in Hong Kong racing around the world.

“We are pleased with how popular our simulcasts are with Hong Kong customers and we are keen to do more,” he said.

“Furthermore, we are pleased with how much interest our customers have in our simulcast programmes from the leading race meetings around the world. We saw this even more in the second World Pool at Royal Ascot, which proved a huge success – with individual race turnover up by more than 49 percent on 2019 – and we look forward to expanding the World Pool concept next season, with Hong Kong as a vital hub for global wagering.”

The Hong Kong Jockey Club runs racing with a core purpose being the betterment of society as a whole; the Club is the city’s largest tax payer and this racing season alone has paid HK$12.113 billion (£1.21 billion) to the Hong Kong government, while a significant contribution, including special emergency COVID-19 funding support, has been paid in charitable contributions to a wide range of causes.

Mr. Engelbrecht-Bresges said: “There was a compelling public interest element to our desire to continue racing through COVID-19, from Chinese New Year to the end of the season, during which time our tax contribution from racing was more than HK$6.2 billion (£620 million). This has enabled us to not only keep donations at last year’s level but also increase it due to our contributions via the COVID-19 Emergency Fund.

“We are incredibly proud that the Club could continue to make such a contribution and, the benefits of completing a full season will be felt by millions of people across Hong Kong over the coming months.”

The CEO praised the resilience of the Hong Kong community and thanked racing fans, owners, Club members, horsemen, the media, and Club staff in particular, for their patience, dedication and efforts in ensuring the 2019/20 racing season was able to continue in safety.

Asia

Asia’s Gambling Hub Reopens for Business

Niji Narayan

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Asia’s Gambling Hub Reopens for Business
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Macau, the gambling hub of Asia, has taken its first steps on the road to recovery as the casino capital starts issuing tourist visas again.

Visas for both individuals and group tours from mainland China will be restored in phases. Macau, like Hong Kong, is a special administrative region (SAR) of China. Authorities did not say when visas will be made available to tourists wanting to travel to Macau from outside China.

Macau’s neighbour Zhuhai is the first mainland city to be issued tourist visas. The opportunity will gradually be rolled out to the rest of the country during August and September, according to a statement from China’s National Immigration Administration.

On top of the re-issuing of visas, the two-week quarantine imposed on Macau travellers upon their return to mainland China was lifted across the country.

Macau’s economy is heavily reliant on the tourism and gaming industry. Visitors from mainland China make up more than 90% of Macau’s tourists, which is home to major casino operators including Sands, Wynn, Galaxy and MGM.

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Asia

APE Launches Summer Internship Program for Macau Local College and University for Three Years in a Row

George Miller

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APE Launched Launches Summer Internship Program for Macau Local University for Three Years in a Row
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Asia Pioneer Entertainment Holdings Limited, with its subsidiaries collectively referred as the is pleased to announce its paid summer internship program for three years in a row has been launched from June to August, 2020. The partnership with Macao Polytechnic Institute of this year provides motivated students the opportunity for learning knowledges and skills about the operation of gaming industry.

Under the impact of Covid-19, APE insists to conduct the internship to provide chances of accumulating working experience to the student who are interested in gaming industry. The intern of this year is from the Bachelor of Business Administration in Gaming and Recreation Management of Macao Polytechnic Institute. The intern could obtain diversified knowledges by working in different departments including Administration & Human Resources Department, Consultancy and Technical Sales Department, Technical Department, etc. Interns who complete the program with outstanding results will have priority to receive a chance to become APE full-time employees.

“We are grateful to launch the summer internship program again. In view of the success of the past programs, we believe that students can earn meaningful and valuable experience by training their hands-on skills in workplace, such as teamwork, communication, problem solving, etc.” said Mr. Herman Ng, Chief Executive Officer and Executive Director of APE.

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Asia

TVBET expands its Indian presence in partnering with Betskey

George Miller

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TVBET expands its Indian presence in partnering with Betskey
Reading Time: 2 minutes

 

The leading provider of live games TVBET announces its new cooperation deal with the Indian sportsbook Betskey. Here, the company does not hide its desire to scale up its partner network across the globe.

The list of TV games by TVBET, including the worldwide hits Keno, Poker, 1Bet, Joker, and Lucky 6 is now presented to large-scale India’s gaming players. The B2B provider looked forward to close cooperation with the Betskey team to strengthen its market presence in Asia. At present, the games are available at the operator’s website, section “Tv Bet”.

Betskey is the India-based sportsbook operator that offers a huge variety of products for local gamblers. Its suite consists of the sporting events with in-play betting options, as well as the casino offering. Since the launch in 2019, the young company has gained recognition on the market, and it’s on the rise.

Peter Korpusenko, CEO TVBET: “The growing interest to TVBET’s broadcast products in Asia is a good sign for our company because it means we’re doing everything in our global promotion correctly. Cooperation with Betskey is very valuable for us. In terms of development, we’ve been able to lay the groundwork for more effective coordination in Asia region”.

Ishita Gandhi, VP at Betskey: “We are delighted to partner with TVBET, a fastest growing company committed to building robust products. We are very excited to roll out this partnership on many online platforms globally and deliver a rich experience to our customers worldwide”.

Thanks to its great expertise in the niche of live TV games, an increasing number of market participants choose TVBET, thus giving preference to flawless streaming and comprehensive promo functionality.

 

About TVBET:
TVBET is a world’s leading provider of live-games offering a fully customizable games’ integration for bookmakers and casinos in order to support their growth and development in a competitive market. Since its launch in 2016, TVBET’s major idea is to create and then maintain a top-shelf and up-to-date content for partners that will literally «glue» any player to their computer’s, tv’s or smartphone’s screen. Operators crew of TVBET are diligently conducting the technical aspect to pursue a high-quality «picture» and sound of broadcasting, while charming hosts make every player stay interested in the continuation of the game as long as possible. TVBET products are certified by GLI which confirms randomness of the results. Currently, the award-winning provider operates 11 unique live-games available worldwide 24 hours a day, 365 days a year.

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