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Macao, Hong Kong Joint Race Breaks Record

5 April 2004

MACAO – As reported by the Xinhau:"Macao Jockey Club (MJC) brought in a record high daily gross revenue of 155 million patacas (US$19 million) from Sunday's first joint race with the Hong Kong Jockey Club (HKJC).

"There were a total of 12 rounds of horse racing, including the first Macao-Hong Kong Trophy and the Macao Guineas. Jackpots on the Macao-Hong Kong Trophy, which is expected to be an annual event from this session, exceeded 13 million patacas (US$1.6 million).

"At the prize-awarding ceremony, Ronald Arculli, chairman of HKJC and Stanley Ho, chairman of MJC shook hands in a gesture of clinching a 'good neighborhood agreement,' which would enable Hong Kong and Macao horse-racing gamblers to take bets in each other's jockey clubs.

"…Ho said the cooperation agreement will be mutually beneficial. The two jockey clubs planned to join hands in signing deals with over a dozen countries and regions on combating illegal gambling in Hong Kong and Macao's horse racing, which is expected to start by the end of April…"

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