The Macau Jockey Club, operated by the Macau Horse Racing Company, will no longer offer horse racing after April 1, 2024. The decision comes after the company submitted a request to the government to terminate their concession, citing operational difficulties and a lackluster horse racing environment as reasons for their decision. The company has accumulated losses of over MOP2.5bn and has struggled to sustain its operations, especially in light of the adverse effects of the pandemic over the past three years.

Lei Wai Nong, the secretary for economy and finance, signed the agreement with the Macau Horse Racing Company on behalf of the government. As part of the termination agreement, the company has agreed to handle the labor rights and benefits due for affected employees and facilitate the transportation of horses to other approved locations by March 31, 2025.

The Macau Jockey Club was originally created through a contract signed by the Portuguese government and shareholders, and has faced financial issues since 1989. In 2018, the government signed an extension to the original concession with the Macau Horse Racing Company, agreeing to an additional 24 years and six months. This extension would have seen the concession come to an end on August 31, 2045. However, the company has made the decision to cease all racing-related operations by April 1, 2024.

This termination will mark the end of an era for horse racing in Macau, as the Macau Jockey Club has been a prominent fixture in the city since its restructuring in 1991. Despite its financial challenges, the Club has been a significant part of Macau’s sporting landscape for over three decades.

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