From TVN website..
HONG KONG JOCKEY CLUB firms for VICTORIAN Licence
HONG KONG JOCKEY CLUB TOUTED A CERTAINTY
Melbourne, VIC, 09 February 2009 - The grapevine has Hong Kong Jockey Club a serious contender for the Victorian Wagering Licence. And what impeccable credentials Hong Kong has. Its rating at home is a class above all other competitors. HKJC has the best totalisator products, state of the art systems, and the deepest pockets to boot. What’s more it’s a lay down misere that it has in hand the overwhelming support of the Melbourne Racing Club establishment, which is salivating over the thought of regular first class Dom Perignon en-route and 5 star wild nights in Lan Kwai Fong as ambassadors of Victorian racing.
This big tip of the HKJC interest, as in most racing grapevine, comes from an obscure source – a concierge (a higher level of authority and credibility than a doorman). Four Seasons, Peninsular, Shangri La, Mandarin and Ritz Carlton are not the names of Hong Kong racehorses, but that of the hotels that will play host to the junket merry go round. Speaking of which Crown in Melbourne is expected to join the corporate bookies in their racing sponsorship war to win the hearts, minds and bank rolls of Honky high rollers.
The HKJC, so rightly proud and noble as Hong Kong’s greatest contributor to social welfare for three decades, will seize the opportunity to advance its ambition to become the racing world’s super power. Wishing to extend its influence through sophisticated technology and a star studded cast of international horses and knights, (jockeys and trainers are held in such esteem by the locals) the HKJC will find a welcoming market in Victorian racing. Victorian punters, scribes and academia are desperate for salvation and freedom from the drab fare imposed by Tyrannical TABCorp for the last two decades. Viva le revolution!
This archangelic gold sovereign has a massive flip side! Victorian racing will grow in prestige and prosperity as the HKJC introduces its own punters to Victorian racing doubling turnover in a single bound. In addition Hong Kong will deliver a host of owners to fill the pockets of racing’s elite – the breeders. Once it is announced the HKJC has won the tender, expect the migration of the country’s best stallions into Victoria and Chinese stud masters will rival the Arabs and Irish. All the boxes are hereby ticked!
The new CEO of Racing Victoria, Rob Hines, is no fool. He has either vision or “the tip”. Whatever, his revenue based product fee is tailor made and highly palatable to the HKJC and underwrites the future elevation of Victorian racing. Obviously, not so for TABCorp who are suing him for having such a singular vision that overlooks their decree. Is it because of jealousy and bile, as it seems TABCorp was seduced by the NSW population size and laid by the crass rhetoric of Racing NSW ignoring the appropriate attention due to Australia’s racing jewel - Victoria. Victoria’s will have both the best racing and the highest revenue from racing. New South Wales will have Tabcorp and Peter V'landys and no longer the biggest audience as even their own will defect to the international classy offering from Victoria and Hong Kong.
Mark Read’s IASbet.com, HKJC price of winning the tender has been reduced from $8.50 to $3.00 and will run odds-on once it shows its hand. Tattersalls has consequently drifted from $2.50 to $2.80 and TABCorp which was specked at the generous $6.00 is now back at $6.00 and certain to drift further as the publicity mounts with its litigation against Racing Victoria.