With over 1.4 billion residents, China will soon open its doors to world class Horse Racing.
The last six Breeders’ Cup races, a simulcast that began at 3:10 a.m. local time on the other side of the planet, produced a total handle of about $38.4 million in Hong Kong dollars — roughly $5 million in American currency despite the inconvenient hour. On a typical day at Happy Valley or Sha Tin, more money is risked on every race than is wagered on an entire Saturday program at Saratoga, the American gold standard. A crowd of 100,000 at Tokyo Race Course is no more than business as usual.
Asian countries appear to love to gamble, and a sleeping giant is about hear an alarm clock in the Orient. Exactly what this arousal of a behemoth means to racing on a global scale is not yet fully clear, but is most assuredly important. The times, they are a-changin’.