Wednesday, September 2, 2009

About Richman's Racing


Richman’s Racing is a service division of Richman’s IMC with oversight for the management and development of the club’s horse racing related activities:-

In China this is initially being effected though direct ownership of equity in The Royal Nanjing Jockey Club (RNJC) – which with over 72 million sq. ft. of owned land, within driving distance from Shanghai, is expected to become China’s largest and best managed Jockey Club.

Internationally this is being achieved through the hosting of the Annual Richman’s Inter-World Horseracing Challenge at various participating racecourses around the world. Nominations of horses to these Inter-World Horseracing Challenges will be open to certain classes of Richman's members at no cost.

Richman’s Racing’s programs in China are to be run in accordance with the country’s current laws – as such public gambling will not be allowed. However, Richman’s Racing has developed a non gambling strategy that is guaranteed to attract millions of Chinese to follow its races. No doubt this strategy will not be as profitable to Richman’s as being able to offer race betting, but Richman’s is prepared to consider the longer term prospects for horse racing in China. No doubt when gaming on horse racing is finally allowed in China, Richman’s Racing will be one of the significant beneficiaries.

Sponsors and Advertisers who participate in Richman’s Races in China will however not be affected by the no gambling issue and still be able to reach millions of consumers – both the rich and regular folk.

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