Horseracing, was once a lively, thriving industry in China. It was halted during the Cultural Revolution… but is now beginning a comeback...The Chinese Government has licensed only five (5) companies to build and manage race courses in key various cities throughout China. These five are authorized to run competitive races and other equestrian events. However, public gambling is still not legally allowed in China, but this is about to change.
A few years ago Beijing University, in collaboration with Monash University of Australia, established “The China Center for Lottery Studies” to develop professional training for China’s rapidly developing lottery and gaming industry. It is therefore widely expected that as more supervisory personnel is available to the Government, current restrictions on public betting on horseracing will be gradually eased over the next few years - giving any one or all of the five licensed companies who have been able to build and maintain suitable horseracing infrastructure, a huge boost.
For the present however, various unconfirmed reports from China suggest that only one or two of the five licensed companies have been able to keep their heads above water. The rest, particularly those who had built their revenue models on public gambling have become dormant.
RS Management Limited – Global General Managers for the developing Richman’s International Millionaire’s Clubs, have carefully studied China horseracing over the last few years and based on its assessment believes that there exists phenomenal opportunities for horseracing in China. RSM has put together a team of some of the world’s top race course designers, race horse and jockey trainers, breeders, bloodstock agents, veterinarians etc. and agreed to take a controlling equity interests in one of the best located Chinese companies licensed to establish and run a Jockey Club with competitive horseracing in China.
RSM is also pursuing the acquisition of long term horse racing rights from other licensed companies in China – to effectively becoming the dominant provider of China-wide, world class horseracing capabilities.
A few years ago Beijing University, in collaboration with Monash University of Australia, established “The China Center for Lottery Studies” to develop professional training for China’s rapidly developing lottery and gaming industry. It is therefore widely expected that as more supervisory personnel is available to the Government, current restrictions on public betting on horseracing will be gradually eased over the next few years - giving any one or all of the five licensed companies who have been able to build and maintain suitable horseracing infrastructure, a huge boost.
For the present however, various unconfirmed reports from China suggest that only one or two of the five licensed companies have been able to keep their heads above water. The rest, particularly those who had built their revenue models on public gambling have become dormant.
RS Management Limited – Global General Managers for the developing Richman’s International Millionaire’s Clubs, have carefully studied China horseracing over the last few years and based on its assessment believes that there exists phenomenal opportunities for horseracing in China. RSM has put together a team of some of the world’s top race course designers, race horse and jockey trainers, breeders, bloodstock agents, veterinarians etc. and agreed to take a controlling equity interests in one of the best located Chinese companies licensed to establish and run a Jockey Club with competitive horseracing in China.
RSM is also pursuing the acquisition of long term horse racing rights from other licensed companies in China – to effectively becoming the dominant provider of China-wide, world class horseracing capabilities.
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