This is indeed exciting stuff. A new horse training facility run by Hong Kong's Jockey Club but across the border in Guangdong. Very secure, it's called a "cross between Andorra and Alcatraz".
Jockey club turnover last year HK$234 billion (US$30 billion) on 88 races. That's US$340 million per race which pretty much dwarfs the betting turnover in my native Oz.
David ends up with this rather lovely observation from the inimitable little Deng:
I sense that Deng Xiaoping would be pleased. Before the handover, he promised: "Horses will still run, stocks will still sizzle, dancers will still dance." I don't see much sizzling in the stock market of late, nor much dancing, but his successors have made sure the horses will still run – and in style.
******
'One country, two systems' a winner for horse racing in Hong Kong
https://sc.mp/2QdJVpB
https://sc.mp/2QdJVpB
Sent from my iPhone
