News Snapshot:
The Hong Kong Jockey Club has posted record betting revenues of HK$279.7 billion (US$35.9 billion) for the 2020-21 financial year, logging a nearly 28 per cent year-on-year rise even as the ongoing coronavirus pandemic ravaged the economy. In its annual report, released on Tuesday, the club disclosed that it had paid the government a record HK$25 billion in duties, profits tax and lotteries fund contributions – up more than 20 per cent from the previous financial year – and had handed out another HK$4.5 billion in approved charity donations. The club’s previous record for annual turnover, set in the 2017-18...
