Macau Jockey Club to Cease Horse Racing Operations in April

The decision, mutually agreed upon with the Macau government, comes amid financial struggles and a shift in societal needs.

The Macau Jockey Club will cease horse racing operations from April 1, 2024, ending a tradition that has lasted over 40 years.
The decision to terminate the club's contract was mutually agreed upon with the Macau government, citing financial difficulties and the inability to align horse racing activities with current societal needs.
The club, one of the largest private employers in Macau, will handle employee benefits and rights according to the law.
Over 200 horses will need to find new homes, and nearly 600 staff will need to find new employment.
The club's accumulated losses increased to US$261 million in 2022, and it has struggled to recover from the impact of the COVID-19 pandemic.