Football betting tax increase leads to a decline in revenue for the Hong Kong Jockey Club

The Hong Kong Jockey Club (HKJC) reported that revenue for the fiscal year ending June 30, 2024, significantly decreased to HK$14.8 billion (US$1.9 billion), a 10.5% drop from the previous year. This decline is mainly attributed to increased football betting taxes and a complex macroeconomic situati