illegal markets

Engelbrecht-Bresges: Racing at 'Existential Moment' as Illegal Markets Surge, Old Models Show Limits

HONG KONG, CHINA--Winfried Engelbrecht-Bresges is at the helm of the Hong Kong Jockey Club, an international racing powerhouse, for nearly two decades. He has navigated Hong Kong Racing through financial crises, political upheaval and a pandemic, and never let anyone think that his visionary sight had lost its compass. In the conversation that follows, recorded on the eve of the HKJC's international race meeting, the chairman of both the Asian Racing Federation and the International Federation of Horseracing Authorities once again covered ground that will resonate well beyond Hong Kong--from...

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