End of an Era: Macau to Discontinue Horse Racing Tradition

The government of Macau has announced the end of horse racing in the region, with the contract with the Jockey Club set to expire in April 2024, marking the end of a more than 40-year tradition.

Financial Struggles Lead to Discontinuation

Financial difficulties faced by the Jockey Club in Macau have been cited as the primary reason for this decision. The club has been grappling with operational challenges, and horse racing has seen a decline in popularity among locals and tourists.

The Macao Horse Race Company, which had requested the termination of the contract with the government last year, has agreed to relocate the remaining racehorses to other locations by March 2025 as part of the termination agreement.

Long-standing Tradition Comes to an End

Horse racing has a long tradition in Macau, dating back over 40 years. It also served as a hub for horse betting, especially since such betting is prohibited in China, contributing significantly to the gambling revenue in Macau.

Despite its historical significance, horse racing has faced financial setbacks in recent years, with the number of races per event being reduced due to declining demand.

Impact on Employees

Employees of the Macau Jockey Club, including trainers and jockeys, as well as the staff at betting offices, will be affected by the discontinuation. Up to 570 employees are at risk of losing their jobs, with no prospects for the continuation of horse racing in Macau. Horse betting revenues have also seen a significant decrease, reaching only 43% of pre-pandemic levels in 2019.

In conclusion, the decision to end horse racing in Macau marks the end of an era, as the sport has struggled to maintain its popularity and financial viability in recent years.