It is a non-profit organisation providing horse racing, sporting and betting entertainment in Hong Kong. It holds a government-granted monopoly in providing pari-mutuel betting on horse racing, the Mark Six lottery, and fixed odds betting on overseas football events. The organization is the largest taxpayer in Hong Kong, as well as the largest private donor of charity funds, contributing an average of over HK$1 billion (approximately US$130 million) annually over the past ten years. The HKJC also provides dining, social and recreation facilities to its approximately 20,000 members.
History
Founded in 1884 as an amateur body to promote horse racing, it was an exclusive club whose membership was drawn from the upper class. During the 19th and early 20th century, there were few Chinese members[quantify]. Three of the top colonial clubs at the time, namely the Jockey Club, Victoria Recreation Club (1872) and the Amateur Dramatic Corps (1844) "had not a single Chinese member between them".
HM Queen Elizabeth II accorded it with Royal Charter in 1959, and became "The Royal Hong Kong Jockey Club" (英皇御准香港賽馬會) until 1996.
2008 Beijing Olympic Games
In July 2005, the decision to stage equestrian competitions in Hong Kong was made. The Club's world-class international racing centre at Sha Tin was used as the foundation for the Olympic and Paralympic venues, with additional competition and training venues being incorporated into existing sports facilities at the Hong Kong Sports Institute, the Jockey Club Beas River Country Club and the adjacent golf course.
Racing activities
The HKJC conducts nearly 700 horse races per year at its two race tracks at Sha Tin and Happy Valley. During the 2001/02 racing season, the HKJC licensed 1,144 horse owners, 24 trainers and 35 jockeys and had 1,435 horses in training.
In 2002-2003, the betting turnover was HK$71 billion. After paying dividends of 58 billion and betting duty of 9.5 billion, its betting commission revenue was HK$3.9 billion. It contributes 11.7% of Hong Kong's tax revenue. Surpluses from its operation are allocated to the Hong Kong Jockey Club Charities Trust.
Since the transfer of sovereignty of Hong Kong, the popularity of horse racing has declined possibly due to economic conditions in the region; the HKJC's revenue has substantially declined in recent years.
On March 16, 2007, the HKJC appointed William (Bill) Nader, formerly with the New York Racing Association, as its executive director of racing from April 2007.
On September 9, 2007, Sha Tin Racecourse opened with record 1-day crowd of about 60,000. Chief Secretary Henry Tang stroke the ceremonial gong. The Hong Kong Jockey Club collected US$106 million in bets (highest since 2001). Children of horse owners were admitted amid protest of local anti-gambling groups. Sunny Power, booted by Howard Cheng got the trophy in the 1,200 metre dash.
In January 2008, Eclipse and Sovereign Award winning jockey Emma-Jayne Wilson became the first North American female rider to be granted a license to compete in Hong Kong.
Betting and the law
The HKJC has a legal monopoly over betting on horse racing and football. In 1974, it opened 6 off-course branches where the members of the public could wager on horse race meets at the club's Happy Valley racecourse. There are now in excess of 100 betting branches throughout the territory which accepts bets on racing and on soccer and buy Mark Six lottery tickets.
The HKJC was instrumental in persuading the Hong Kong government to pass the Gambling (Amendment) Bill 2002 to combat unauthorized cross-border gambling and the related promotional activities in Hong Kong, making it a criminal offence for any person in Hong Kong to bet with an unauthorized bookmaker, even when the bets are received outside Hong Kong. The offence applies to all visitors as well as to residents of Hong Kong.
It was also instrumental in persuading other members of the Asian Racing Federation to sign the Good Neighbour Policy on September 1, 2003.
2006 Horse Racing Reforms
In 2006, after years of declining turnover, the Hong Kong Legislative Council passed the Betting Ordinance (Amendment) 2006. This amendment granted the Hong Kong Jockey Club more autonomy in how it ran its own operations.
Single-Race Bets
Pool Name - Dividend Qualification
Win (獨贏) - 1st in a race.
Place (位置) - 1st, 2nd or 3rd in a race with 7 or more declared starters or 1st, 2nd in a race with 4, 5, 6 declared starters.
Quinella (連贏) - 1st and 2nd in either order in the race.
Quinella Place (位置Q) - Any two of the first three placed horses in any finishing order in the race.
Trio (單T) - 1st, 2nd and 3rd in any order in the race.
Tierce (三重彩) - 1st, 2nd and 3rd in correct order in the race.
First Four (四連環) - 1st, 2nd, 3rd and 4th in any order in the race.
As of September 2006, all Win, Place, Quinella, and Quinella Place bets (including All Up bets) of a value of at least 10,000 Hong Kong Dollars are eligible for a 10% rebate if the bet or betline loses.
Multiple-Race Bets
Pool Name - Dividend Qualification - Consolation [if any]
Double (孖寶) - 1st in two nominated races - 1st in 1st leg and 2nd in 2nd leg.
Treble (三寶) - 1st in three nominated races - 1st in first two legs and 2nd in third leg.
Double Trio (孖T) - 1st, 2nd and 3rd in any order in both legs.
Triple Trio (三T) - 1st, 2nd and 3rd in any order in three legs - 1st, 2nd and 3rd in the first two Triple Trio legs.
Six Up (六環彩) - 1st or 2nd in each of the legs nominated to comprise the Six Up - 1st or 2nd in each of the legs nominated to comprise the Six Up.
Fixed-odds Bets
Jockey Challenge (騎師王) - best performing jockey in a race meeting.
Charities
In the 1950s, as Hong Kong struggled with post-war reconstruction and a massive immigration, there was a need for more charitable structures. HKJC enhanced its charitable role in 1955 by formally devoting its annual surplus to charity and community projects. In 1959, the Hong Kong Jockey Club (Charities) Ltd, was formed to administer donations. This company became the Hong Kong Jockey Club Charities Trust in 1993.
The trust serves four principal areas of civic and social need: sports, recreation and culture, education and training, community services and medical and health.
The Hong Kong Jockey Club supports various social and education institutions. The Jockey Club Government Secondary School in Kowloon Tong and the Jockey Club Ti-I College in Shatin was funded by the then Royal Hong Kong Jockey Club. Many swimming pools or public sport facilities[which?] in Hong Kong are supported or founded by the funding of The Hong Kong Jockey Club.
Club chairmen
Douglas Clague
Sir Gordon MacWhinnie
Peter Gordon William
Michael Graham Ruddock Sandberg
Sir Oswald Victor Cheung (張奧偉)
Sir John Joseph Swaine
Sir William Purves (浦偉士)
Alan Li (李福深)
Ronald Arculli (夏佳理)
John Chan (陳祖澤)
Source:wikipedia
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