Hong Kong Jockey Club appoints new executive director, legal and compliance

The upcoming appointment of a new executive to serve as Executive Director, Legal and Compliance has been confirmed by the Hong Kong Jockey Club.

Regarding the taxes derived from its wagering contracts, Hong Kong Jockey Club will begin talks with the Hong Kong government in 2025.

The Hong Kong Jockey Club board argues that its services, which are already subject to peak tax rates, such as horse racing revenues at 75%, football betting at 50% of net proceeds, and the Mark Six lottery at 25% of turnover, should not be subject to additional taxes.

 

[gwolf666]

The Hong Kong Jockey Club (HKJC) has confirmed the appointment of a new Executive Director for Legal and Compliance, signaling a strategic move to strengthen its governance. In 2025, HKJC will engage in discussions with the Hong Kong government regarding taxes on its wagering contracts. The club emphasizes that it already faces high tax rates—75% on horse racing revenues, 50% on football betting, and 25% on the Mark Six lottery turnover—and contends that imposing further taxes would be counterproductive to its operations and contributions to the local economy.