China to Support Horse Racing, Sports Lotteries in Hainan

Photo of China to Support Horse Racing, Sports Lotteries in Hainan
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Horses gallop on the track during a race at the Hong Kong Jockey Club's Happy Valley racecourse in Hong Kong, China, on Wednesday, June 14, 2017. One of the city's most-venerable institutions, the Hong Kong Jockey Club, which has been called an "ATM for the government" for its huge contributions to the city's tax coffers and charity efforts, is facing trouble. Disinterest among many young people and an upcoming bridge link to the glittering casinos of Macau threaten the future of the money-spinning gambling monopoly. Photographer: Justin Chin/Bloomberg

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