Hong Kong Jockey Club Pushes for Casino

21 Feb 2005

HONG KONG – As reported by the China Standard: "The Jockey Club may not yet have a concrete plan for running a casino in Hong Kong but it would be able to assemble an expert management team should there be a decision to build one, a source close to the industry said Monday.

"Jockey Club chairman Ronald Arculli said Sunday that should the government agree to establish a tourist-only casino on Lantau, the club should be allowed to run it to ensure that the gaming dollars and profits remained in Hong Kong.

"…Financial Secretary Henry Tang said in December the government is carefully studying a Liberal Party suggestion to build a casino on Lantau Island, home to the soon-to-open Disneyland, a proposed logistics park and a dizzying number of other proposals still on the drawing board for the largely undeveloped green haven.

"…The casino would be for tourists only, which means Hong Kong residents would not be allowed access.

"…Arculli said the casino industry in Macau is siphoning off between HK$10 and HK$15 billion in gaming dollars each year and that unless there is a change in the way horse racing is taxed, the club could not raise more revenue for the government and for charity…"

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	Hong Kong Jockey Club Pushes for Casino 21 Feb 2005 <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> HONG KONG – As reported by the China Standard: "The Jockey Club may not yet have a concrete plan for running a casino in Hong Kong but it would be able to assemble an expert management team should there be a decision to build one, a source close to the industry said Monday. "Jockey Club chairman Ronald Arculli said Sunday that should the government agree to establish a tourist-only casino on Lantau, the club should be allowed to run it to ensure that the gaming dollars and profits remained in Hong Kong. "…Financial Secretary Henry Tang said in December the government is carefully studying a Liberal Party suggestion to build a casino on Lantau Island, home to the soon-to-open Disneyland, a proposed logistics park and a dizzying number of other proposals still on the drawing board for the largely undeveloped green haven. "…The casino would be for tourists only, which means Hong Kong residents would not be allowed access. "…Arculli said the casino industry in Macau is siphoning off between HK$10 and HK$15 billion in gaming dollars each year and that unless there is a change in the way horse racing is taxed, the club could not raise more revenue for the government and for charity…"