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Another record year for HKJC as racing turnover exceeds HK$100bn

2nd September 2015 8:36 am GMT

The Hong Kong Jockey Club (HKJC) has seen turnover increase by 10 per cent to a record high HK$191.4bn (€21.9bn) in the financial year ended June 30th, with the operator’s total direct return to the community reaching $25.1bn.

Payments to government in taxes and to the Lottery Fund reached an all-time high of $21.2bn, while charity donations rose to $3.9bn.

Adding together betting and lottery duties, profits tax, contributions to the Lotteries Fund and charitable donations, HKJC’s total direct [...]

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