> 'House on fire': Macau horse racing hits dead end / 34LW4QN
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'House on fire': Macau horse racing hits dead end / 34LW4QN
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Description
Horse racing in the Chinese casino hub of Macau will be consigned to history after the club's concession from the government to operate racing was terminated in January. In recent years, the Macau Jockey Club has seen attendance fall and racked up losses exceeding $310 million.
Despite the warning signs, some trainers and owners said they were taken aback by the 11-week window between announcement and cancellation.
"(It's) like you felt the whole house on fire, and it shouldn't happen this way," says Joe Lau, a longtime trainer at the Macau Jockey Club. IMAGES AND SOUNDBITES