There are some indications that destiny will not bring any great to equine racing in Macau. Relatedly, as the Oriental Racing Record specifies: "The variety of equines in Macau has currently dropped to about 220 from a high of 1,200 twenty years back, while the variety of races annually has also dropped from 1,200 back in 2003 - greater than Hong Kong held during that time - to simply a solitary consult with a handful of races every week. There are authentic concerns amongst authorities that Saturday's period ending could be venue's last, with resources informing the electrical outlet they think MJC chairman Angela Leong is asked to "show cause" to the federal government for failing to satisfactorily update centers as was guaranteed when MJC was granted a 24-year concession expansion in February 2018."
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Also, IAG contacted MJC employees regarding this particular circumstance and they said that "the company has not enhanced its staff matter post-pandemic and has quit the employment process totally for new staff." However, the MJC did some refurbishments to the club which involved remodeling the equine barn and pool, completing upgrades to the first flooring of the primary racing building, improving the racetrack and renewing the computer system systems. But that does not appear to suffice, as among the fitness instructors informed Oriental Racing Record: "We still have not listened to when the first meeting of next period will be and we would certainly normally know now. We are listening to that staff reduces could be coming quickly. We don't know what is happening. Is the club reducing costs in an initiative to maintain going? Or is it an indication that completion is close to? Also the authorities do not appear to know. We simply want clearness."
Furthermore, another sign is that apparently "a delivery of 30 equines bound for Macau from Australia was sent out far from a Sydney quarantine center in July on orders of Macau authorities."
A brand-new concern has arisen regarding the loss of earnings:
The fresh concerns occurred after MJC exposed it had "built up losses of MOP$2.1 billion (US$260 million) throughout 2022," which have enhanced by nearly MOP$200 million (US$25 million) throughout the previous year. On that particular keep in mind, MJC commented: "We have tape-taped a decrease in equine racing income in 2015 to MOP$39 million (US$4.8 million), below MOP$47 million (US$5.8 million) in 2021."
In 2018, the MJC guaranteed to money MOP$1.5 billion (US$186 million) in center improvements, including dining establishments and resorts, for a 24-years prolongation to August 31, 2042, which is a huge jump from previous prolongation of 6 months approved in August 2017 and a 2-year prolongation approved throughout September 2015. The long-running concession was expected to assist the MJC to fix its having a hard time monetary position as Macau Equine Racing Carbon monoxide, a giving in owner, had posted a loss each year since 2005 reached built up losses of MOP$4.1 billion (US$507 million) in 2016. On an associated keep in mind, MJC management commented: "We want to earn the MJC a must-visit tourist and entertainment landmark for both tourists and local residents."
