Macao Government Ends 40-Year Horse Racing Tradition
The government in China’s gambling hub of Macao announced on Monday that after more than 40 years, there will be no more horse racing in the city. Macao, located on China’s south coast near Hong Kong, is renowned for its vibrant gambling scene that forms a significant part of its economy. However, the city’s jockey club, which was acquired by a consortium led by late casino tycoon Stanley Ho in 1991, has faced financial difficulties in recent years. As a result, the government has decided to terminate its contract with the jockey club in April.
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