Hong Kong Jockey Club turnover reaches record


Total turnover from horse racing for the Hong Kong Jockey Club rose 9 percent to HK$93.8 billion ($12.1 billion) for the 2012-13 season, passing the previous high of HK$92.4 billion reached in 1996-97. Betting duty paid to the government similarly rose 8.6 percent to HK$11 billion, near the peak level reached in the 1999-2000 season. Net margin for the club was HK$4.09 billion, up 7.6 percent, and it attracted more than 2 million spectators to its 83 race meetings.