Business News

The Hong Kong Jockey Club (HKJC) has hit out against Crown Resorts-owned betting exchange Betfair in Australia for offering Hong Kong racing to exchange customers without the Jockey Club’s prior authorisation.

In a letter dated September 4 to Betfair Pty chief executive Tim Moore-Barton, the HKJC describes the Australian launch of exchange wagering and in-play betting on its races on September 1 as “cavalier, unconscionable and in careless disregard for the economic value of a premium international racing product”.

Premium subscribers continue here to the full article.