Winfried Engelbrecht-Bresges, CEO of the Hong Kong Jockey Membership and president of the Asian Racing Federation, mentioned horse racing has survived the pandemic years however now faces a frightening problem to maintain up with expertise and competing types of betting. The thirty ninth Asian Racing Convention is on February 15 in Melbourne, Australia.
Greater than 700 racing figures from 35 international locations all over the world got here collectively for the convention, the trade’s largest international gathering.
Engelbrecht-Bresges mentioned key efficiency indicators, together with rising common, one-year gross sales, betting turnover and prize cash will increase in some international locations, present the resilience of the trade.
“Nevertheless, past these figures the race faces important international challenges going ahead, and I feel these challenges can’t be resolved with out basic modifications and strengthening cooperation and joint efforts to satisfy these challenges.”
Engelbrecht-Bresges outlined 9 key challenges: trade fragmentation, integrity, unlawful and offshore betting operators, social acceptability, competitors from different sports activities, an getting old buyer base and enchantment to millennials and millennials, branding racing as a worldwide sport, and sustainability and human assets.
Join blood horse Each day
He has repeatedly returned to the race name to collaborate additional to resolve all these points.
“Most of the challenges we face can solely be resolved after we work collectively extra strategically and deal with how fragmented races are run on the nationwide, regional and international ranges.”
He spoke of the Hong Kong Jockey Membership’s position as the primary service and host of the quickly rising “World Pool” that consolidates bets at lots of the hottest race conferences all over the world.
In an interview given through the Hong Kong Worldwide Races in December, Engelbrecht-Bresges acknowledged that participation within the World Pool relies on particular person jurisdictions that comply with frequent guidelines relating to betting and knowledge gathering.
Engelbrecht-Bresges informed ARC delegates within the second session, “International liquidity is essential for all co-op operators and in flip integration protocols are important for a worldwide platform for updating racing trade income and racing betting.”
Michael Fitzsimons, managing director of betting merchandise at HKJC, recommended that superior expertise can guarantee uniformity, which in flip will strengthen international liquidity.
“Vital modifications are required to protocols to synchronize cutoff time with all operators to allow a wider vary of unique merchandise and preserve buyer confidence,” Fitzsimons mentioned. Stated.
The ARC has been postponed for a yr because of the pandemic and the Melbourne assembly is the primary to be held in Cape City since 2020.
It preceded the working group conferences of the ARF Government Council, the ARF Normal Meeting, the Worldwide Convention of Stewards, the Asian Mannequin Committee, the Asian and Oceania Stud Guide Committee, and the Worldwide Racehorse Care Discussion board.
Engelbrecht-Bresges was unanimously re-elected president of the ARF by the Government Council, a place he held for greater than 10 years. The Asian Racing Federation is formally affiliated with the Worldwide Federation of Horseracing Authorities; as a result of Hong Kong, Japan and Australia have everlasting seats on the IFHA Government Council.
Engelbrecht-Bresges can also be chairman of the Government Council.
#Asian #Racing #Convention #Hears #Name #Cooperation
