三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

US EUROPE AFRICA ASIA 中文
Business / Industries

Rules and betting seen as fast track to Chinese clubs' success

By CECILY LIU (China Daily) Updated: 2014-09-15 07:44

Rules and betting seen as fast track to Chinese clubs' success

The lack of legal betting avenues is one of the key obstacles hindering the development of racing in China. CHINA DAILY

Horseracing has great potential in China, but crucial changes are needed before the industry can thrive, says Louis Romanet, chairman of the International Federation of Horseracing Authorities.

China's ban on legal betting on racing and lack of a central breeding and racing organization that regulates the industry are key obstacles, he says.

The federation, founded in 1993, works to protect the integrity of races and helps improve the quality of breeding.

It grew out of efforts by authorities in the United Kingdom, France, Ireland and the United States since 1961 to work together to ensure the integrity of races.

Romanet says a few Chinese horseracing associations have asked the federation about membership, but they still do not fulfill the criteria to join. But the federation is keen to work with them to improve their ways of working and welcomes their membership in the future.

Rules and betting seen as fast track to Chinese clubs' success
Sport of kings a lure for nouveau riche 
Rules and betting seen as fast track to Chinese clubs' success
Growing up on back of a horse
Romanet says China's ban on betting on horse racing hobbles the industry financially.

In France, about 10 billion euros is wagered on horseracing each year, 25 percent of which is shared between the government and the racing industry. The rest is returned to bettors.

Of the funds retained, 40 percent is given to the government, 40 percent to the racing and breeding industries, and the rest is used to cover the administrative costs.

The government revenue is then used to improve agriculture, and to regulate the horseracing industry. Consequently, the industry supports about 100,000 jobs.

"In China, I think betting will have to come sometime, but before that you need a central authority representing the government that can be in charge of controlling the programs and coordinate the activities," Romanet says.

In China, there are about 15 racecourses, but there is a lack of a recognized central authority to establish rules and police them, and this is a crucial step for betting to be established properly, he says.

Like China, Middle Eastern countries do not allow betting on races, and some industry insiders say China should follow that model, but Romanet disagrees.

The horseracing industries in those countries are supported by royal families or other extremely wealthy families, and it is an unlikely model for China, he says, so allowing betting is the only way to resolve the issue.

One possible first step in allowing betting would be to permit offsite betting on international races, when Chinese could place bets on highly regulated international events so they can become familiar with the process of betting, Romanet says.

A proportion of this revenue could go to the government, and it would be able to invest in the growing industry.

"This is the quick way, because if you wait until the organization is developed it may take a lot more time."

Another hurdle for China is that the World Organization for Animal Health is yet to declare the country disease free.

Chinese horse buyers are increasingly coming to Europe for their purchases, Romanet says, and many leave them there for training and competition. This will also build their knowledge of owning horses, and they may later take their horses to China, Romanet says.

Another increasingly popular way for Chinese to own horses overseas is to buy shares in a horse, as is the case of China Horse Club buying 10 percent share in "Australia", a horse majority owned by Coolmore farm of Ireland.

China Horse Club, headed by Malaysian tycoon Teo Ah Khing, will benefit from winnings of "Australia", as well as the increase in the horse's value. "Australia" won the Derby at Epsom, one of the biggest events on the horseracing calendar, this year.

Romanet says he is sure about the market potential in China, and that the French model of having a non-profit organization to regulate the horseracing industry is apt for China.

"In France, having a nonprofit model means all revenue is invested back in the industry. It is a popular system for the people and the government."

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 免费一级网站 | 欧美色视频日本片免费高清 | 欧美日韩成人高清色视频 | 国产v亚洲v欧美v专区 | 日韩免费黄色片 | 国产精品福利在线观看秒播 | 色婷婷综合在线视频最新 | 亚洲制服丝袜在线观看 | 看日本真人一一级特黄毛片 | 在线观看亚洲 | 久久综合九色综合亚洲小说 | 黑人一级大毛片 | 国产2021精品视频免费播放 | 最刺激黄a大片免费观看 | 亚洲国产精品自产在线播放 | 大尺度一级毛片波多野结衣 | 成人久久久 | 嫩草成人国产精品 | 国产精品夜色视频一区二区 | 亚洲成a人片在线观看www | 亚洲精品国产精品乱码不卞 | 日韩av成人 | 久久精品黄色 | 放几个免费的毛片出来看 | 国产精品一区二区三区高清在线 | 免费高清视频日本 | 在线观看av网站永久 | 成人黄色在线观看视频 | 国产欧美日韩精品第三区 | 青青成人福利国产在线视频 | 午夜宅男宅女看在线观看 | 午夜两性网 | 青娱乐激情视频 | 国产在线精品美女观看 | 一级黄色毛片 | 国产美女一级特黄毛片 | 成人在线激情视频 | 亚洲欧美精品 | 日本特级全黄一级毛片 | 久久免费公开视频 | 亚洲精品久久婷婷爱久久婷婷 |