he Macau Jockey Club (MJC) has received approval from the Macau government for its 2023/2024 season, dispelling recent concerns about its future. Amidst reports of deteriorating facilities and financial losses, the MJC has announced a full season, beginning on September 29, 2023, and concluding on August 31, 2024. The resumption of night races from January adds to the anticipation, although questions linger about the number of races and new horse entries.
A Season of Renewed Hope
The announcement by the Macau Jockey Club comes as a beacon of hope after doubts were cast on its continuation. Reports revealed a stark decline in the number of horses, from 1,200 two decades ago to a mere 220 presently, and a significant reduction in the number of annual races. These concerning trends had raised questions about the future viability of the MJC.
Challenges Loom Large
The MJC’s challenges extend beyond the equestrian realm. Reports suggest that staffing levels have remained stagnant post-pandemic, with recruitment efforts halted. This has prompted concerns regarding the club’s ability to manage its aging facilities and reverse its financial losses.
Financial Struggles Persist
Despite the green light for the 2023/2024 season, the Macau Jockey Club remains in financial distress. Accumulated losses of MOP$2.1 billion (US$260 million) through 2022 reflect a continuous increase, with an additional MOP$200 million (US$25 million) in losses over the past year. Addressing these financial woes will be a paramount challenge for the MJC.
The approval of the 2023/2024 season offers a glimmer of optimism for the Macau Jockey Club. However, the organization must confront a multitude of hurdles, including dwindling horse numbers, deteriorating facilities, and financial deficits. The upcoming season marks a crucial chapter in the MJC’s journey, as it seeks to restore its position and secure a sustainable future amidst adversity.