Racing in Hong Kong: Staying ahead of the pack
Horse racing in the United States and Europe at many times conjures up images of lawn dresses, picnics, and fancy women’s hats (especially if it’s Derby Day or Royal Ascot).
In Hong Kong, racing is much less flamboyant but no less intense. In this city, horse racing is followed with an almost religious fervor. On a typical raceday, in a city of seven million people, the Hong Kong Jockey Club will process around six million bets.
The Wall Street Journal recently interviewed HKJC CEO Winfried Engelbrecht-Bresges, and spoke with him at length about the challenges that face the Hong Kong institution.