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

Pakistani waiter finds fame as 'Game of Thrones' look-alike

May 24, 2019

RAWALPINDI, Pakistan — Until recently, a Pakistani waiter working in a small cafe in the city of Rawalpindi knew nothing about the TV series "Game of Thrones" — or its antihero character played by U.S. actor Peter Dinklage. But now, 26-year-old Rozi Khan has customers asking to have selfies taken with him and fields constant questions about his uncanny resemblance to Dinklage, 49. The American actor has played Tyrion Lannister, a witty and wily nobleman, since the series began in 2011. People even stop Khan on the streets, he says, also for selfies. Khan does not only have a similar...

Iraqi TV drama back after 7 years, just in time for Ramadan

May 24, 2019

BAGHDAD — Every evening at the Muntada al-Masrah theater on Baghdad's Rashid street, the cast and crew of the first TV drama filmed in Iraq in seven years take their places among the rooms and courtyard of this 19th-century building and shoot new scenes of their highly-anticipated series. The arts are coming to life again in Baghdad, bringing with it a touch of hope and comfort as the country works to rebuild after 16 years of war. And after two decades abroad, two of Iraq's leading actors have returned to take part in "The Hotel," the twenty-episode drama set to...

Memory center takes visitors through 4 decades of Afghan war

May 24, 2019

KABUL, Afghanistan — A teary-eyed Hameed Rafi said he'll never forget the day he joined a panel of civilian war victims and family members and spoke about the suicide bombing in Kabul that killed his sister last August. Sharing his story with them in March at the Afghanistan Center for Memory and Dialogue, Rafi recalled how all of the wounded in the attack had been taken to hospitals, so he began searching lists of wounded hanging on hospital walls. But he couldn't find the name of his sister, 18-year-old Rahila, who had been studying in an education center for her...

Saudi Arabia beheads 37 for terrorism crimes; most Shiites

May 24, 2019

DUBAI, United Arab Emirates — Saudi Arabia on Tuesday beheaded 37 Saudi citizens, most of them minority Shiites, in a mass execution across the country for alleged terrorism-related crimes. It also publicly pinned the executed body and severed head of a convicted Sunni extremist to a pole as a warning to others. The executions were likely to stoke further regional and sectarian tensions between rivals Saudi Arabia and Iran. Saudi dissident Ali Al-Ahmed, who runs the Gulf Institute in Washington, identified 34 of those executed as Shiites based on the names announced by the Interior Ministry. "This is the largest...

India stops release of biopic on PM Modi ahead of polls

May 24, 2019

NEW DELHI — Indian election authorities have stopped the release of a Bollywood biopic on Prime Minister Narendra Modi with national elections scheduled to begin on Thursday. The Election Commission accepted arguments from the Congress party and other opposition parties that the release of the film, "PM Narendra Modi," would give an unfair advantage to Modi's Hindu nationalist party as it seeks re-election. Film producer Sandip Ssingh had scheduled the release of the movie in Indian theaters for Thursday. The commission ruled Wednesday that any biopic material that has the potential to create an uneven playing field during the multi-phase...

About Us

Get all the up-to-date breaking news about politics, business, entertainment, sports, lifestyles, weather, traffic, and local news in a seamless digital environment only in Morning Dispatcher.

Contact us: sales[at]morningdispatcher.com

Subscribe Now!

Quick Links

HomePress