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

More News From travelstylo.com

Mario Batali to face assault charge on groping accusation

May 24, 2019

BOSTON — Celebrity chef Mario Batali is set to appear in court on a criminal charge that he forcibly kissed and groped a woman at a Boston restaurant in 2017. Batali is scheduled to be arraigned Friday in Boston Municipal Court on a charge of indecent assault and battery. The woman filed a civil lawsuit in August alleging that Batali offered to take a selfie with her and then groped and kissed her repeatedly without her consent. Batali's attorney says the chef denies the allegations. The woman's lawyers said in an emailed statement on Thursday that Batali "must be held...

Texas 8th-grader wins National Geographic contest

May 24, 2019

WASHINGTON — Nihar Janga, an eighth-grader from Austin, Texas, with an already impressive array of awards, took home top honors Wednesday in the 31st annual National Geographic GeoBee, an elite test of geographic knowledge. Janga triumphed during a competition at the National Geographic Society headquarters in Washington. The student from Austin's Canyon Ridge Middle School was also a co-champion of the 2016 Scripps National Spelling Bee and a top-ten finalist in the 2018 GeoBee. The society also held the first-ever national-level competition of the GeoChallenge, a team competition that asked for innovative solutions to modern problems. This year's challenge: plastic...

Why Quebec endlessly beckons those on a bicycle

May 24, 2019

MONTREAL — In Montreal each spring, an epic bicycle festival demonstrates how 25,000 people can let the good times roll without bumping into each other too much.  In Quebec City and its hinterlands, cyclists plunge into a history shaped by French explorers, the Roman Catholic Church, aboriginal culture and British conquest. In Charlevoix, an island provides a perfect loop for lovers of quiet roads and eye-candy vistas of mountains you don't have to climb. Then there is the south shore of the St. Lawrence, where the panorama of river, sea, sky and flowers defines the magic of bicycling in Québec...

Borgata casino unveils $12M sports bet, nightspot project

May 24, 2019

ATLANTIC CITY, N.J. — Atlantic City's Borgata casino is investing $12 million in a new sports betting and entertainment project. The casino tells The Associated Press it will open a sports bar and sports betting facility named Moneyline Bar & Book on June 29. It will also open a bar and lounge named Level One that will be connected to the sports bar. The project will add sports betting capacity to Borgata's existing race and sports book, which will remain in operation and continue taking sports bets along with horse wagering. In addition to six sports betting windows, Moneyline will...

APNewsBreak: Theme park to star 'Hunger Games,' 'Twilight'

May 24, 2019

LOS ANGELES — Some of Lionsgate's most popular film franchises from "Hunger Games" to "Twilight" will be brought to life when the studio opens what it calls the world's first vertical theme park in China this summer. Lionsgate Entertainment World will offer several adventures including a virtual reality motorcycle ride based on "Twilight," a maximum-security prison breakout like in "Escape Plan" and a replica of The Capitol lobby from "Hunger Games," complete with shops where guests can fashion themselves in the film's distinctive couture. More than 25 rides and virtual reality experiences will pack a sleek, futuristic looking bean-shaped building...

Broaden News

Travel Stylo is an independent online travel website started by a group of friends who love traveling together. With Travel Stylo, you can travel with style.

Contact us: sales[at]travelstylo.com