Scientific Game

2017 Inside Asian Gaming Power 50: Number 15 - Winfried Engelbrecht-Bresges

Tuesday, 05 December 2017 14:28
Visit us

15 Winfried Engelbrecht-Bresges

Hong Kong Jockey Club



• Driving force behind the modernization and revitalization of the HKJC
• Has helped HKJC become Hong Kong’s biggest employer

Twelve months after its annual turnover declined for the first time in seven years, the Hong Kong Jockey Club (HKJC) made an emphatic statement in 2016-17 with record turnover of HK$216.5 billion – a 6.8% increase on the previous year and enough to ensure the government received an all-time high of HK$21.7 billion in tax revenue.

Run as a non-profit, the HKJC is the city’s biggest taxpayer and donates millions in surplus revenue each year to charities and community causes. It is also the most successful of any racing club in the world, led by its core horse racing business which saw turnover grow 7.9% last season to HK$115.8 billion.

The man behind this incredible success is CEO Winfried Engelbrecht-Bresges. Arriving in 1998 as racing director before taking on the top job nine years later, the former German youth football team player has transformed HKJC from a second-rate, highly introverted organization to one that is the envy of the racing world.

Under Engelbrecht-Bresges’ watch, HKJC has invested millions into transforming almost every aspect of the business – from redevelopment of Sha Tin Racecourse under the Racecourse Master Plan to the quality of horses running and extensive customer segmentation work to provide a complete race day experience.

The vastly improved product that is Hong Kong racing has subsequently enjoyed an explosion in popularity which has transferred directly to the betting ring – most notably via commingling with a number of lucrative overseas deals signed since HKJC was granted permission to commingle in 2013. New additions in 2016-17 included the UK Tote and Woodbine Entertainment Group in Toronto, helping commingling turnover soar by 87% yearon- year to HK$6.5 billion.

To return to the full list of 2017 Asian Gaming Power 50 winners, click here.

What's new

Resorts World Manila to launch the Philippines’ first Ritz-Carlton

Resorts World Manila to launch the Philippines’ first Ritz-Carlton By Muhammad Cohen Resorts World Manila (RWM) is set to become home to the Philippines’ first Ritz-Carlton. Inside Asian Gaming has learned that as a key part of RWM’s multi-million makeover, the current Maxims hotel is being converted into a Ritz-Carlton with the launch date scheduled for late... Wednesday, 20 June 2018 06:14

NagaCorp boss increases majority stake

NagaCorp boss increases majority stake NagaCorp CEO Chen Lip Keong has increased his shareholding in the company with the purchase of 5.4 million shares for a total consideration of HK$39.6 million. In a filing to the Hong King Stock Exchange overnight, NagaCorp said that Dr Chen had completed the on-market purchase of the shares, lifti... Wednesday, 20 June 2018 05:54

PhilWeb adds two new eGames sites to portfolio

PhilWeb adds two new eGames sites to portfolio Philippines gaming services provider PhilWeb Corporation has acquired two PAGCOR eGames sites in Consolacion and Lapu-Lapu City in Cebu through its subsidiary BigGame, Inc. The sites were acquired from Golden Frontier Gaming, PhilWeb announced, for a cash payment of Php2.5 million plus 394,322 comm... Wednesday, 20 June 2018 05:52

Paradise Entertainment buys 33,000 square feet of Macau warehouse space

Paradise Entertainment buys 33,000 square feet of Macau warehouse space Macau-based casino operator and electronic gaming machine manufacturer Paradise Entertainment Limited has entered into an agreement to purchase six units of warehouse space on the Macau Peninsula for a total consideration of HK$128.5 million. In a filing to the Hong Kong Stock Exchange, the company... Tuesday, 19 June 2018 21:17

Current Issue

Tribal Ambition

Tribal Ambition By Muhammad Cohen and Ben Blaschke   Mohegan Gaming and Entertainment CEO Mario Kontomerkos believes the Native American casino operator has two aces in the hole for Japan, especially when it comes to the so-called regional markets beyond major areas. In his presentation at last month’s Japan ... Monday, 04 June 2018 20:55

Social Gathering

Social Gathering By Shaun McCamley   Social casino gaming is booming. In 2017, the global social gaming industry generated a whopping US$106 billion in revenues, with the social casino segment generating US$4.5 billion in revenues. Not surprisingly China, Japan and Korea generated 90% of the games revenue in the... Monday, 04 June 2018 20:44

Redefining Tourism

Redefining Tourism By Muhammad Cohen   In an era when tourism constitutes a growing portion of the global economy, integrated resorts present a potent although frequently misunderstood means for growing visitor arrivals and revenue. It’s not simply the casino but their range of attractions that make IRs such powe... Monday, 04 June 2018 20:37

Japan IR Timeline

Japan IR Timeline By Ben Blaschke   What year for Japan’s first IR? It’s a question that continues to divide industry stakeholders, the answer further clouded by the substantial disparity in opinion offered at last month’s Japan Gaming Congress (JgC) in Tokyo. At the nearer end of the scale, members of the... Monday, 04 June 2018 20:27