Macau Jockey Club, which is expected to host the final this Saturday

Recently, reports emerged that the fate of horse racing in Macau could be in danger with signs that “the Macau Jockey Club (MJC) will soon lose its right to race in the SAR.” However, nothing is certain yet.

Autographs do not promise anything good:

There are signs that fate will do nothing for Macau’s horse racing. In this regard, according to an Asian Racing report, “Macao’s horse population has dropped from a peak of 1,200 20 years ago to around 220 now, while the annual number of races has also dropped from 1,200 in 2003, more than in Hong Kong at the time, to a handful of races and just one meeting each week. There are genuine concerns among officials that Saturday’s season final could be the last, with sources telling the media they believe MJC has been asked to “show the cause” to the government for failing to satisfactorily upgrade the facility as promised when it promised MJC a 24-year concession extension in February 2018

In addition, the IAG reached out to MJC employees about this particular situation, and they said, “The organization has not increased the number of employees since the pandemic, and has completely stopped the recruitment process for new employees.” However, MJC has made some renovations to the club, remodeling the horse shed and swimming pool, finishing upgrades to the first floor of the main race building, improving the racetrack, and improving the computer system. However, one of the trainers told Asian Racing Report, “We still haven’t heard when the first meeting of next season will be held, and by now we’ll usually know. We’re being told that staff cuts may be coming soon. We don’t know what’s happening. Are the clubs cutting costs as an effort to keep going? Or is it a sign that the end is near? Even officials don’t seem to know. We just want clarity.”

Another indication is that “30 horses en route to Macau from Australia were taken out of the Sydney quarantine facility in July on orders from Macau authorities.”

New concerns have been raised regarding the loss of income:

The new concerns come after MJC reported “a cumulative loss of $2.1 billion ($260 million) over 2022, an increase of nearly $200 million ($25 million) over the past 12 months. In response, MJC said, “Last year’s horse racing revenue fell to $39 million ($4.8 million) from MOP dollars ($5.8 million) in 2021.”

In 2018, MJC committed to providing $1.5 billion ($186 million) in funding for facility improvements, including restaurants and hotels, in exchange for a 24-year extension to Aug. 31, 2042, a significant increase over a six-month previous extension approved in August 2017 and a two-year extension approved in September 2015.

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