Menu
Download the app

SBJ subscribers – Enhance your experience with the revamped iOS app

Finance

China To Encourage Horse Racing, Expand Sports Lotteries In Hainan

China's recent approval of horse racing in Hainan could lead to gaming on the mainland.GETTY IMAGES

China said that it "would encourage horse racing and expand sports lotteries in the southernmost island of Hainan," moves that people familiar with the discussions have said "may eventually open the door to gaming on the nation's mainland for the first time," according to Wei & Zhai of BLOOMBERG. China will support the development of horse racing and other projects including beach and water sports in Hainan, according to a reform agenda approved by China's cabinet. The province should also "explore the development of sports lottery and instant lottery on large-scale international games," it said, without elaborating. Any shift in China's approach toward gambling could end up "threatening" the $33B casino industry in Macau -- the world's largest gaming center -- as well as other casino hubs in Asia. Business group China Lottery Industry Salon Chair Su Guojing said, "Horse racing has grown quickly in China in recent years, but it's the first time the central government has promoted the game for a city and simultaneously encouraged further development of sports lottery. Although it still takes time to explore, Hainan may try to launch a lottery for more sporting events, including horse racing and rowing, to help boost Hainan's tourism" (BLOOMBERG, 4/14).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2018/04/16/Finance/China-Horse-Racing.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2018/04/16/Finance/China-Horse-Racing.aspx

CLOSE