HONG KONG (AP) - The government in China´s gambling hub of Macao said Monday that after more than 40 years, there will be no more horse racing in the city and announced plans to terminate its contract with the city´s jockey club in April.
The gaming hub on China´s south coast near Hong Kong is a home to various gambling businesses, which form a major
best casino site online pillar of its economy. But its jockey club, acquired by a consortium led by late
casino tycoon Stanley Ho in 1991, has faced financial woes in recent years.
Cheong Weng Chon, a Macao official, told reporters that the Macao Horse Race Company had asked last year that the contract with the government be terminated, citing operational difficulties and the "impossibility of aligning horse racing activities with the current developmental needs of society.
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