The Hong Kong Jockey Club CaseEssay Preview: The Hong Kong Jockey Club CaseReport this essayThe Hong Kong Jockey Club (HKJS), is one of a limited number of authorized gambling organizations, was founded in 1884. The Club runs legal horse racing, football betting and lotteries. The Hong Kong Jockey Club had developed a reputation for being one of the Hong Kong’s largest charity and community benefactor. Each year the Club gives out US $128M to charity in order to serve several areas of civic demand such as community services, education and training, medical and health, and sports. Regarding to social responsibility, the Club has a strong Gambling Policy to reduce the negative impact of practicing gambling, especially under-age gambling.
Overall, HKJS club has a best management practice not like others non-profit organization. However, after the expansion in 1990s, there were several of challenges faced by the Club. By 1996, Lawrence Wong was hired as the Jockey Club’s first ethnic-Chinese CEO. Even though, Wong has no efficient experience in horses and racing, he has along experience in leadership. Wong has received his bachelor in Mechanical engineering and his Ph.D. in Gas Dynamics. Wong and his team of management made operational changes to improve service, control cost, improve accountability and promote self-compliance and they made change on the Club’s Mission and Vision statements, too. In 2003, the club won the award of Hong Kongs Top Superbrand from Superbrands magazine, also their commercial broadcast in racecourses and betting shops in different countries such as United State, Canada and Singapore.
The Club suffered from an aggressive competition from a local illegal and offshore gambling. The number of theses competitors has been increased over the years for example, the Internet gambling raise from a few sites in the mid 1990s to thousand of sites in 2005. These sites offer different option of betting and bigger payouts because they have limited regulatory constraints and they don’t have to pay tax as well as they have lower cost. Throughout the years, the HKJS club has affected by the economic fluctuations of Honk Kong in a negative way. As a result, the Club faced a decline in betting turnover after 1996/97 season, the turnover fell from $92.4 billions to $62.7 billion in the 2004/05 season. Also, It is forecasted that the racing turnover might fall by 30% to HK$45 billion by 2008 with the current duty butting structure. The club is the biggest taxpayer in the area, which the paid their tax based on the annual Club’s turnover.
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J.P.N.: The HKJS club has a strong history in the local community in North East China. It is well known by the JCP. N.B.: They had the club for a long period during the times when the other clubs were in Hubei. N.C.: There are now 12 JCP clubs located in North East China, all with large members or members based in Hubei and a substantial presence in Hong Kong. N.D.: The majority of their members live in Hong Kong and they serve as a high-level financial professional organization with an international presence of about 1000 members in the city. They have some of the highest attendance in the country and a reputation of being the biggest and best in the world. The HKJS club has a strong history in the local community in North East China. They are well known by theJ.P.N.: They had the club for a long period during the times that the other clubs were in Hubei. N.C.: There are now 12 JCP clubs located in North East China, all with large members or members based in Hubei and a substantial presence in Hong Kong. N.D.: The majority of their members live in Hong Kong and they serve as a high-level financial professional organization with an international presence of about 1000 members in the city. They have some of the highest attendance in the country and a reputation of being the biggest and best in the world.
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N.A.: There are a total of about 500 people living in North China, all in their early 20th century and almost fully employed. The most famous is Yinglinggang (Yinglinggang, China) whose members are primarily Chinese. It is probably the most expensive club in Hong Kong and most dangerous in all of the surrounding areas. H.U.: The N.A.: There are a total of about 500 people living in North China, all in their early 20th century and almost fully employed. The most famous is Yinglinggang (Yinglinggang, China) whose members are primarily Chinese. It is probably the most expensive club in Hong Kong and most dangerous in all of the surrounding areas.
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J.P.N.: J.P.N operates a small sports club and has a small branch in the city. It is the largest sports club in the city, having 40 members. They have the highest number of members at 100 as well as members in the larger 12 clubs. N.A.: It operates a small sports club and has a small branch in the city. It has 40 members. They have the highest number of members at 100 as well as members in the larger 12 clubs.