Horse Racing

Hong Kong brings Prizemoney record in season 2022/23

Loves Only You won the G1 Longines Hong Kong Cup in 2021 | HKJC

A total of record bonuses and incentives worth HK$1.62 billion, around £158.6 million, will be offered throughout the 2022/23 season, the Hong Kong Jockey Club has announced. on Wednesday. All in all, the wallet will be underpinned by a record one-season gain of 11.5% (HK$167.2 million) and also an increase in prizemoney in middle distance races and a money system. new bonus.

Winfried Engelbrecht-Bresges, CEO of the Hong Kong Jockey Club, said, “The past two and a half years have been one of the most challenging times in Hong Kong racing history. Despite this, we can still race and we want to thank everyone in the industry who worked together to make it happen.

“With various types of COVID-19 measures including restrictions on foreign travel, it has made it difficult for owners and trainers when it comes to selling to source horses for two racing seasons. Furthermore, we are facing an increased competition to source good horses due to the increase in prizemoney around the world, especially Australia, which is our main source of horses. The popularity of racing organizations abroad, which are less willing to sell horses, as well as the high competitive power from the Gulf countries also make matters more difficult.

“We recognize all of these factors, but firmly believe the impact of this will be short-term. We have seen Hong Kong emerge as one of the world leaders in the race for both quality and international recognition. We have also successfully pioneered large-scale international travel, and now World Pool. We firmly believe that motorsport in Hong Kong will have room for further growth and we are fully committed to making the necessary investments to achieve this, both through grand plans for substantial capital investment in our racecourses and training facilities in Sha Tin and Conghua, as well as in a bounty fund that rewards owners who invest in high-quality horses.

“We have fully reviewed our bonus and bonus structure and have decided to invest continuously in the future, which has resulted in a significant increase in prizemoney and additional incentives in bonus system, specifically focusing on certain distance categories.”

Hong Kong is currently the host of the world’s richest Group 1 grass races at 1200m, 1600m and 2000m. In addition, four Group 1 events at the Longines Hong Kong International Races will provide a total prize money of HK$110 million, approximately £10.7 million, an increase of HK$10 million in 2021. Three races received a massive increase and the total amount of new prizemoney is as follows:

  • The G1 Longines Hong Kong Cup (2000m) wallet will grow to HK$34 million (+13.3%).
  • G1 Longines Hong Kong Mile (1600m) wallet increased to HK$30 million (+15.4%).
  • The G1 Longines Hong Kong (2400m) vase will be worth HK$22 million (+10%) and is currently the sixth richest Group 1 2400m event in the world.

Engelbrecht-Bresges said: “The Longines Hong Kong International Races (HKIR) have been widely recognized as the Lawn World Championships and the total prize money of HK$110 million also highlights the commitment of the Club. club in attracting and rewarding the best in the world,” says Engelbrecht-Bresges.

Other notable No 1s are the Queen’s Silver Cup (1400 million), with the amount of HK$12 million, the President’s Sprint prize of HK$20 million (1200 million) during the Championship Day. FWD and Hong Kong Longines Sprint worth HK$24 million (1200 million). The second pair is the second richest and richest 1200 meter turf race in the world. Additionally, purses for Hong Kong Group 2 and Group 3 races have been increased to HK$5 million (+5.3%)) and HK$3.9 million (+5.4%), respectively.

For full details on prizemoney increase and bonus revealed by HKJC, please visit website.

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This story was posted in Europe, News shared in Europe, Europe’s Top News and tagged Owner’s bonuses and incentives, HKJC, Hong Kong Horse Racing Club, Longines Hong Kong International Races, increase prize money, record prizemoney.

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