Hong Kong Jockey Club announced today that domestic prize-money pools for racedays this year will increase by an average of 8%, including an increase in Triple Trio jackpot prize pools from HK$10 million to HK$220.8 million and an expansion to seven additional Quartet & First 4 Merged Pool fixtures next month.
Hong Kong Jockey Club (HKJC) operates horse race and football betting in Hong Kong alongside the Mark Six lottery, for which they have been an authorized operator since 1975. Furthermore, they have also been licensed to conduct horse races within their territory – their business model revolves around selling betting tickets and sharing revenue with bookmakers.
Hong Kong Jockey Club (HKJC) stands out as an outlier among jurisdictions where governments restrict betting. Their exclusive licensing allows the HKJC to set higher betting limits than rivals, leading to greater revenue generation. Furthermore, their strong financial position allows them to invest in cutting edge technologies as well as fund their operations efficiently.
HKJC has become known as an elite racing venue due to its emphasis on staging high-quality races and ability to attract top jockeys and trainers, making its success assured. Furthermore, its track record as an investment vehicle speaks for itself: even during recent economic hardships its performance was satisfactory.
Professor Wang Gungwu donated a sum matched by the sixth round of Government Matching Scheme to create two prizes at the Department of History: one is given to recognize outstanding second-term junior independent work in history while another recognizes teams which submit written reports about topics of historical significance. This prize honors him.
Prize winners were determined based on relevance, systematic use of collected materials, objective analysis, citation of bibliographies and footnotes, overall quality assessment assessment as well as oral interviews by a panel of judges.
As well as the main award, two merit awards were also presented: Wong Shiu Chi Secondary School’s study “The Development of Pig Farming during the 1967 Riots”, won first prize; Tak Oi Secondary School earned second place for “The Canton-Hong Kong Relationship”.
Jimmy Lai, Chow Hang-tung, Lee Cheuk-yan, Joshua Wong and Gwyneth Ho are five Hongkongers nominated this year for the Nobel Peace Prize – each recognised for their tireless commitment to protecting freedoms in Hong Kong and campaigning for democracy. On 10 December in Stockholm, the winner of this prestigious prize will be announced – expected to have a significant impactful on society with over 545 nominations worldwide this year alone!