Macau (Yat Yuen) Canidrome Co., the company that operates greyhound racing operations at the Macau Yat Yuen Canidrome, pulled in MOP5 million (US$622,082) in profits in 2016, according to the company’s financial statement released yesterday in the Official Gazette.
Last year’s results represent a slight increase from the MOP4.8 million posted in 2015, when the Canidrome registered a considerable 82 per cent yearly fall from the MOP26.7 million in profits seen in 2014.
Macau (Yat Yuen) Canidrome Co. is part of Stanley Ho’s gaming group Sociedade de Turismo e Diversões de Macau (STDM) and is managed by Angela Leong On Kei, the Executive Director of SJM Holdings.
With the government having requested the company to give back the land plot where the Canidrome is located for reclassification before July 21, 2018, the company announced it will ‘reposition’ the space.
In its financial report, Macau (Yat Yuen) Canidrome Co. announced it will create a live greyhound racing broadcast system to allow Macau residents and visitors to follow international greyhound racing, while implementing a system of ‘virtual races’.
“They want what everyone here wants, betting. If the government allows it or not is another question (…) If they allow the broadcasting of greyhound races from Australia, the United Kingdom or United States, if there’s government control I don’t see how they won’t allow them to continue their business, since it won’t involve real greyhounds anymore,” the President of the Society for the Protection of Animals (Anima), Albano Martins, told Business Daily.
According to Mr. Martins there have been many reports of illegal betting on greyhound races and the government would have trouble controlling online betting on the activity.
“I don’t think the Chinese Government would be happy with this diversification of gaming,” he added.
A new home
Last year, the MSAR Government ordered Macau (Yat Yuen) Canidrome Co. to relocate its greyhound racing track within the next two years, and to decide whether greyhound racing activity would be continued,
For Mr. Martins this was a “smart” move by the government to “not just say they would have to close down in July . . . [since] . . . in Chinese costume you always give an option to save face”.
“The company has no more land for the races so [closing the racing activities] is all they could do. The space is completely in decay, no investment is being placed there. They couldn’t go and create another space now with accommodation for 650 greyhounds,” he told Business Daily.
The Anima President said the Association is pondering two option to re-locate the greyhounds, gradually relocating the dogs in small groups to Europe, with Anima already having 200 potential adopters, or as a last resort relocating them all to a retreat in Portugal.