Equestrian News: Iconic Gambling Hub Closes Doors After 40 Years of Horse Racing

The equestrian and horse racing world brings together millions of spectators and fans around the world. In the heart of China, Macau has a long history of horse racing, dating back to 1989, when it was still under Portuguese rule. The Macau Jockey Club (MJC) is a prominent organization in Macau, China, offering horse racing and betting entertainment since 1980.

It holds a significant position in the city’s entertainment industry and is one of the largest private employers, with approximately 2500 staff. However, despite its legacy after more than 40 years, this iconic gambling hub is witnessing the end of an era as it closes its doors, a decision that has shocked many in the industry.

The end of an era in the equestrian and horse racing world

According to ABC News, on Saturday, March 30, 2024, gamblers gathered in the half-filled stands to place their final bets. Over the years, the Macau Jockey Club, which was run by Angela Leong, the wife of the late casino tycoon Stanley Ho, started to face financial problems, with declining attendance and significant losses exceeding US$310 million. Despite efforts to revitalize the sport, it has struggled to remain viable.

The Macau government announced terminating the club’s running horse racing, citing the sport’s inability to meet the current development needs of society. This decision effectively ends horse racing in Macau as of April 1. The closure of horse racing in Macau is attributed to various factors, including poor management, economic uncertainties exacerbated by the pandemic, and a decline in interest in the sport. The abrupt closure has left many in the horse racing industry in shock.

Reactions of the staff and community

Decorated trainer Joe Lau, expressing dismay at the end of an era, remarked, “(It’s) like you felt the whole house on fire, and it shouldn’t happen this way.” Geoff Allendorf, a long-time trainer, also reflected on the abrupt decision and shared that they only had 11 weeks between when the government announced they were shutting down and when the races would stop. Trainers, jockeys, stable staff, and owners now grapple with concerns regarding their livelihoods and the welfare of the horses.

Nevertheless, under the termination arrangement, the horse racing firm has committed to arranging transportation for owners’ horses to other locations by March 2025 and ensuring compliance with employment laws, as stated by the government. The horse racing industry in Asia has been facing challenges due to the impact of the COVID-19 pandemic and economic uncertainties. In Singapore, the authorities announced last year that they would end 180 years of racing by October 2024.

However, many argue that success stories like that of Hong Kong’s racing industry show that it’s possible to thrive even in difficult times. There is a mix of sentiments among spectators; however, many recognize the experience of live horse racing, which will be missed. What are your thoughts about this decision? Comment below!

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