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

'John Wick 3' dethrones 'Avengers: Endgame' with $57 million

May 20, 2019

LOS ANGELES — The box office has a new king and his name is John Wick. The third installment of the hyper violent Keanu Reeves franchise has taken the top spot at the North American box office and ended the three-week reign of "Avengers: Endgame." Studios on Sunday say "John Wick: Chapter 3 — Parabellum" has grossed an estimated $57 million in its opening weekend. "Avengers: Endgame" slid to second place in its fourth weekend with $29.4 million. Domestically, it's now second only to "Star Wars: The Force Awakens." "Pokémon Detective Pikachu" placed third with $24.8 million and "A Dog's...

On two wheels, 'The Climb' rides through Cannes as a hit

May 20, 2019

CANNES, France — One of the breakouts at the Cannes Film Festival is a comedy about a male friendship that developed over many years and hundreds of miles on their bikes. Michael Angelo Covino's "The Climb" has been one of the most acclaimed American films in Cannes, even though it's just Covino's first feature. With fluid long takes, it captures comic moments in a lifelong friendship. It begins with a bike ride in France in which one rider, mid-hill, tells the other that he's slept with his fiancee. Covino and his co-star Kyle Marvin shot their opening scene in France...

Actor-comedian Sammy Shore, father of Pauly, dies at 92

May 20, 2019

LAS VEGAS — Sammy Shore, an actor and standup comedian who co-founded the Comedy Store, died Saturday. He was 92. Through a spokeswoman, Shore's family said he died at his Las Vegas home surrounded by family. He was the father of actor-comedian Pauly Shore. Shore's nearly seven-decade career stretched from the "Borscht Belt" summer resorts of New York's Catskill Mountains to Las Vegas to the studios of Hollywood. Shore began his career doing standup with Shecky Greene. Elvis Presley chose Shore as the opening act for his comeback tour, and the comedian opened for many others, including Tony Orlando, Barbra...

A newly restored 'The Shining' debuts in Cannes

May 20, 2019

CANNES, France — Alfonso Cuaron has introduced a restoration of Stanley Kubrick's "The Shining" at the Cannes Film Festival. The Mexican filmmaker was notably absent from Cannes last year when his "Roma" was expected to premiere here. But when Netflix and the festival couldn't agree on distribution terms for the streaming giant's films, "Roma" instead headed to the Venice Film Festival where it won the Golden Lion. This time, Cuaron helped debut a 4K restoration of Kubrick's 1980 horror masterpiece that was overseen by Steven Spielberg. In a premiere Friday night, Cuaron was joined by Kubrick's daughter, Katharina Kubrick, and...

Queen Elizabeth II attends yet another wedding at Windsor

May 20, 2019

LONDON — Queen Elizabeth II and other royal family members have gathered at St George's chapel in Windsor for the wedding of the daughter of the monarch's first cousin. Lady Gabriella Windsor's marriage to Thomas Kingston Saturday marked the third royal wedding at the 15th-century venue in less than a year after the nuptials of the Duke and Duchess of Sussex last May and Princess Eugenie and Jack Brooksbank in October. Prince Harry left Meghan at home with newborn son Archie and arrived with his uncle and aunt, Prince Edward and Princess Anne. The bride's gown was designed by Luisa...

There are so many celebrities out there, but who’s the real Diva? Discover more on your favorite celebrities and get closer to them only here in The Diva Today

Contact us: sales[at]thedivatoday.com