Hong Kong Jockey Club
The Hong Kong Jockey Club (HKJC, Chinese name: 香港賽馬會) is one of the oldest institutions in Hong Kong, founded in 1884 to promote horse racing. It was granted Royal Charter and renamed to "The Royal Hong Kong Jockey Club" (英皇御准香港賽馬會) in 1959. The name of the institution was reverted to its original name in 1996 due to the transfer of sovereignty of Hong Kong in 1997.
It is a non-profit organisation providing horse racing, sporting and betting entertainment in Hong Kong. It holds a government-granted monopoly in providing pari-mutuel betting on horse racing, the Mark Six lottery, and fixed odds betting on overseas football events. The organization is the largest taxpayer in Hong Kong, as well as the largest private donor of charity funds, contributing an average of over HK$1 billion (approximately US$130 million) annually over the past ten years. The HKJC also provides dining, social and recreation facilities to its approximately 23,000 members.
Read more about Hong Kong Jockey Club: History, Racing Activities, Betting and The Law, Charities, Club Chairmen
Famous quotes containing the words jockey and/or club:
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—Fran Lebowitz (b. 1951)
“He loved to sit silent in a corner of his club and listen to the loud chattering of politicians, and to think how they all were in his power—how he could smite the loudest of them, were it worth his while to raise his pen for such a purpose.”
—Anthony Trollope (1815–1882)