Betfair ignore HKJC demand to stop trading
Betfair ignored the Hong Kong Jockey Club’s demand to stop trading on the organisation’s
product during Sunday’s Sha Tin meeting.
The HKJC released an open letter demanding Betfair ‘cease and desist’ operating on Hong
Kong races last week but the Australia based agency traded on Sunday’s Sha Tin
card. Hong Kong voiced its concerns about punters’ ability to lay horses on Betfair being
an integrity risk for the important Asian racing centre.
However, Betfair traded on all races at Sha Tin on Sunday, matching more
than $470,000 in bets, which was a riseof more than 10 per cent on last Sunday’s
opening fixture of the Hong Kong season.
The Hong Kong Jockey Club’s issues with Betfair include the fact the betting company
has not sought official approval to bet on Hong Kong racing.
“It is apparent to us that Betfair’s conduct confirms that it intends to ‘free ride’ on Hong
Kong racing by exploiting the club’s racing product in the absence of any commercial
or integrity agreement with the club,” HKJC secretary Philana Poon told the South China Morning Post.