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Hong Kong Racing Continues to Slide

6 Jul 2006

HONG KONG, China – As reported by the Thoroughbred Times: "The Hong Kong racing season concluded on Sunday with approximately $7.73-billion in total handle, a 4.3% decrease from the 2004-'05 season and the continuation of a ten-year slide.

"Ron Arculli, chairman of the Hong Kong Jockey Club, pointed to the handle figures in emphasizing the importance of a bill that would reform the way Hong Kong racing is taxed.

"…Arculli is leaving the Hong Kong Jockey Club after four years as chairman…"

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