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Hong Kong Breaks Turnover Record
The Hong Kong Jockey Club has announced it has set a new seasonal high for betting turnover, reports racing.scmp.com. The previous benchmark of HK$92 billion established in 1996-97 was passed on Sunday at the Jockey Club's penultimate meeting at Sha Tin. Their final meeting of the season will be hosted at Happy Valley this evening. "We will deliver the full figures after Happy Valley, but we have already topped HK$92 billion for the season - an increase of nine per cent," commented chief executive, Winfried Engelbrecht-Bresges. Turnover on Hong Kong racing experienced a period of decline following the transfer, or handover, of sovereignty from the UK to China in 1997, but has been on an upward trend since betting reforms in 2006.