Gaming

Macau Government terminates Macau Jockey Club concession

Tuesday 16 de January 2024 / 12:00

⏱ 1 min read

(Macau).- The Macau SAR Government will rescind the horse racing concession contract with the Macau Horse Race Co., Ltd., which operates the Macau Jockey Club (MJC).

Macau Government terminates Macau Jockey Club concession

An executive order issued by Chief Executive Ho Iat Seng and published this morning in the Official Gazette indicates that Secretary for Economy and Culture Lei Wai Nong has been granted powers to sign the agreement canceling the concession contract with the horse racing operator.

A press conference on the matter is being held by the government since 11 am.

The Government meanwhile issued a press release announcing that the termination of the contract takes effect on April 1.

MNA has learned that MJC will be holding a press conference at 3pm.

In 2018, the government extended the concession contract of the Macau Horse Race Co., Ltd. until August 2042.

The Macau Jockey Club has been experiencing losses for several years and its financial situation worsened in recent years.

In September 2023, amid rumours that the MJC would close soon, Secretary for Economy and Finance, Lei Wai Nong, emphasised that the Macau Jockey Club and all gaming operators in the city must “diligently” meet their obligations in accordance with legal provisions and the terms stipulated in their concession contracts.

Categoría:Gaming

Tags: Sin tags

País: Macao

Región: EMEA

Event

SBC Summit 2026

29 de September 2026

SBC Summit 2026 Wraps Up Record-Breaking Lisbon Edition

(Lisbon).- The event recorded 34.5% year-on-year attendance growth, with operator participation rising 37% and C-level attendance increasing 40.7%. SBC also confirmed a long-term agreement to keep Lisbon as the summit’s host city through 2030.

Thursday 15 Oct 2026 / 12:00

Exploring Market Particularities: Insights from ALEA’s Alexandre Tomic

(Lisbon, SoloAzar Exclusive).- Following his attendance at SBC Summit 2026, ALEA founder Alexandre Tomic reflects on the company's performance at the event, the milestones achieved through the rollout of new verticals such as sportsbook and Alea Jackpot, and the broader growth outlook across Europe, Latin America, and North America’s fast-moving sweepstakes sector.

Thursday 15 Oct 2026 / 12:00

CT Interactive Showcases Expanded Content Portfolio at SBC Summit

(Lisbon).- The company presented its latest titles, highlighted its aggregation strategy and explored new partnerships to expand its international distribution network.

Thursday 15 Oct 2026 / 12:00