Blockchain May Break The Traditional Horse Racing Industry

The Hong Kong Jockey Club has confirmed its first historic mainland China race meeting at Conghua Racecourse in China will take place on Saturday, 23rd March 2019 to provide a Hong Kong's world-class horse racing experience for people in Mainland China.

 (Photo Credit: Kenneth Chan, SCMP)

Five exhibition races, in total, will be run under the governance of rules of racing of the Hong Kong Jockey Club, with the participation of only Hong Kong-based horses, trainers and jockeys. On these exhibition races, all of the sampling, laboratory analysis, veterinary regulation and other controls in place will be based on a Hong Kong-standard.

 

Due to the regulations and policies in Mainland China, for this exhibition raceday, the Hong Kong Jockey Club will not provide gambling arrangements. The events will not be live broadcast. The broadcast of each race to Hong Kong will be a 15 minutes delay and one-hour delay for designated medias in the Mainland China.

 

“This is a historical step forward for China’s horse racing development after its official announcement to develop horse racing industry in Hainan.” Said Mr. Liao Yizhen, RacingLand Committee Member, “The development of China’s horse racing has been gone through a very tough journey, and today, we see the dawn this growing industry. Both China’s and overseas’ companies, organizations had already gotten ready to join this revolutionary development.”

 

“RacingLand has also started it footprint in China in Q4 2018, seeking for more partnership regionally. With a team of horse racing professionals, we are targeting to contribute our efforts in this new market by bring successful experience and help China’s horse lovers to get connected with the global market.” Liao added.

 

In the near future, people in Mainland China will be much easier to engage in horse racing. However, the range and depth of engagement is still very limited if we cotunnite to follow the traditional horse racing path. From an international perspective, about 70-90% of the horse bets are returned to the lottery, 0-15% as taxes, 5%-10% as bonuses and stadium operating expenses. Judging from the size of the $30 billion annual bet of 100 million people in Japan, if China's horse is up to 500 billion yuan a year, then it can have a bonus of 250-500 billion yuan to encourage the horse owners to raise horses. The rewards that horse owners can get are not limited to this, horses with excellent performance on the field can charge high breeding fees and also can enjoy the benefits of horse appreciation.

 

Due to the limitation of cross-boundary transaction and communication, horse raising resources are mostly controlled by the upper class. However, this might change with the help of blockchain technology. RacingLand is a horse racing business based on the blockchain, which committed to creating the world’s first most transparent and open platform. There are multiple services provided on the platform that would create a horse racing eco system, including Horse Racing Media, Racing Ownership, Horse Exchange and Racing Game.

 

In addition, with the help of tokenized model, race tokens would be introduced onto the platform and would be known as “RACE”. With the implementation of these tokens, people can own a horse by purchasing the share using token and horse shareholders can also enjoy the benefits of sharing the bonuses of a race, tournament, as well as the appreciation of the horse. Here in RacingLand, owners or players can feel more at ease and engaged when using the platform and would also get the chance and experience to own their very own stallions and gain much joy during their period of ownership. 

 

For media enquiry and their recent activities, please contact RacingLand Team at pr@racingland.com.

Media Contact: 

Name: BT
Company: RacingLand
Email: pr@racingland.com

Hong Kong

Tweet

Latest News

Innovative fashion designers lead the way on sustainability

Jun 2, 2020

LONDON — Innovative fashion designers are turning to such things as horseradish and nettles to make sustainable clothing and accessories to the delight of a growing number of buyers. While more consumers are paying closer attention to how the production of goods impacts the environment, old habits die hard. A buy-and-toss mentality persists despite a boost from celebrities helping to drive the upcycle and vintage movements. Actress Maggie Q, who created an activewear line from recycled fabrics, is among activists who see plenty of room for improvement. She says she feels "sick about fast fashion.'' "You hear people say, 'Well,...

Queen Elizabeth honors Booker Prize winner Margaret Atwood

Jun 2, 2020

LONDON — Shortly after winning her second Booker Prize, Margaret Atwood has received a rare honor from Queen Elizabeth II for her services to literature. The Canadian novelist and poet was presented with an Order of the Companions of Honor in a ceremony at Windsor Castle Friday. She said the experience made her "a bit emotional." The Press Association quoted Atwood as saying that "when you see the Queen at her age and her schedule that she puts out, it's an inspiration to everybody, you just keep going." Atwood and British author Bernardine Evaristo split the Booker Prize ten days...

BBC faces backlash after censuring anchor for Trump remarks

Jun 2, 2020

LONDON — The BBC faced a backlash Friday after finding one of its presenters in breach of its editorial guidelines on impartiality for comments that were critical of U.S. President Donald Trump. Journalists and celebrities were demanding that the BBC overturn its decision and expressed support for BBC Breakfast anchor Naga Munchetty, who was discussing Trump's remark that four female American lawmakers should return to the "broken and crime infested places from which they came." Co-anchor, Dan Walker, asked Munchetty for her opinion on the July 17 program, and she responded: "Every time I have been told, as a woman...

British prime minister's aide divides, but will he conquer?

Jun 2, 2020

LONDON — To some, he's a strategic genius. Others call him a mayhem-loving anarchist. Everyone seems to have an opinion about Dominic Cummings. British Prime Minister Boris Johnson's most powerful aide — dubbed "Boris' brain" by some — is an enigmatic backstage operator who shuns media attention, yet has been played onscreen by "Sherlock" star Benedict Cumberbatch. Since taking office two months ago, Johnson has made a series of bold moves: Promising Brexit "do or die," dealing ruthlessly with party rebels and controversially suspending Parliament. Many see Cummings' hand at work in the strategy, which has left Westminster shaken and...

Soccer star says Amazon didn't remove racist reviews of book

Jun 2, 2020

LONDON — Soccer star Eni Aluko has condemned Amazon for not removing racist reviews of her memoir posted on the online retailer's web site. Of the 31 reviews on Amazon's United Kingdom site, 27 gave "They Don't Teach This" a one-star rating. The book details the discrimination Aluko faced during her England career. Customers have used the platform to call the book "anti-white racist drivel" and "fiction" and accuse the Juventus forward of choosing to "play the race card" and "coming across as a racist herself." Aluko, who is black, and her publishers have asked Amazon to delete the racist...

About Us

Frontal Report is an emerging leader in all forms of media. We aim to be the leading news brand for readers around the world.

Contact us: sales[at]frontalreport.com

Subscribe Now!