Gamblers unite! And book a ticket to Wuhan.

I think I’ll devote this post to lavishing praise on a fine story released by Xinhua yesterday. Admittedly, it was of particular interest to your blogging slave given my flirtation with horse racing journalism before coming to China.

BEIJING, Jan. 10 (Xinhua) — The Chinese mainland could see its first official bet placed on a horse race since the Communist Party came to power in 1949 as early as next year.

The central government has approved the establishment of regular horse racing in Wuhan, capital of central China’s Hubei Province, and is mulling over the introduction of gambling on the races in 2009.

The races would be held at the Orient Lucky City racecourse in Wuhan in September this year, according to a senior manager with the Orient Lucky Horse Group Cooperation, who did not want to be named.

The announcement is being seen as the beginning of gambling on horse racing on the Chinese mainland.

This story had to be approved by the people upstairs before its release although the big potatoes, as the chieftans are often called in the Xinhua newsroom, only saw the unedited version. When I received the story, it had been peppered with the phrase “horse racing lotteries”, seemingly to play down the implications of legalizing organized gambling on horse racing, which was outlawed in 1949. The writer was concerned about my insertion of the word “gambling” because of its negative connotations - officially the Communist Party still regards the practice as more depraved than the debauched hugging craze that threatened to suck all the morals out of Shanghai in 2006. Thankfully, it remained and I was surprised the headline, “China hints at legalization of gambling on horse racing” (which is perfectly true of course) was allowed to stay. Other releasers, the kind that spontaneously combust when they see the words ”censor” or “protest” regardless of context, would have butchered the story.

Wuhan’s Changjiang Times (I suppose the English name is actually Yangtze Times) reported that betting would accompany the beginning of racing in September. I’m not sure if the newspaper was wrong or the manager of the Orient Lucky Horse Group was being more cautious when speaking to Xinhua but it seems punt-hungry Chinese will have to wait until 2009.

The Changjiang Times newspaper in Wuhan reported that betting will be launched alongside horse racing in September.

However, the manager told Xinhua betting on the races would probably not be introduced on a trial basis until 2009.

“Initially about 250 horses from different jockey clubs around the country will participate in the races,” said the manager, “but betting can only be officially launched when the races draw at least 2,000 horses.”

“The proposal of betting on horse racing is being reviewed and discussed but there is no concrete information on when or whether it will begin,” a spokeswoman with the China Sports Lottery Administration Center (CSLC) surnamed Fang told Xinhua by telephone.

I was wondering how long it would take before the government could no longer justify placing morality above money. From super casinos in Macau to cockfights in Yunnan to a dice game inolving cumbersome wooden blocks, a different animal painted on each side, in farmers’ markets in Guizhou, the Chinese love a good gamble. Just ask those excitable grannies in the branch of China Minzu Securities opposite Xinhua’s west gate that bet on cards when the stock exchange is on its lunch break. The money being wafted under the government’s collective nose is huge, plus the theory that illegal gambling will be a thing of the past:

Qin Zunwen, an expert in the study of horse racing betting, said the business, once fully operational nationwide, could create three million jobs a year.

He told the Changjiang Times that annual lottery sales could reach a staggering 100 billion yuan (13.7 billion U.S. dollars), yielding 40 billion yuan in tax revenues,

“Offering a legal venue to bet on horse races could drive out illegal online gambling,” he added.

This article on Bloodhorse.com makes an important point:

It has been estimated that about 600 billion yuan (US$82.5 million) leaves the mainland each year for gambling in offshore casinos and racecourses.

The article goes on to provide reaction from the Hong Kong Jockey Club:

The Hong Kong Jockey Club was cautiously optimistic over the move last night, with chief executive Winfried Engelbrecht-Bresges describing it as “a positive development, if the report proves to be correct.”

He did say, however, that HKJC had given the Wuhan Jockey Club the rights to duplicate the HKJC’s book of rules to give the new racing industry a proper legal and policy framework. Engelbrecht-Bresges also said the Jockey Club would consider helping the WJC and the central government set up racing, if it were asked, provided the club was convinced there was a commitment to creating something of real quality and value.

Engelbrecht-Bresges said the Hong Kong Jockey Club had an internationally recognized brand name that had to be protected, and that any potential association with racing on the mainland would have to be on the basis that the project would be of “the highest standard.”

Interest among the public in Wuhan is already there:

A survey conducted by the Hubei Academy of Social Sciences revealed that 83.3 percent of the Wuhan residents believed the introduction of betting would have a positive social impact, and 51 percent of the respondents said they were “interested” or “very interested” in gambling on the races.

This news will no doubt come of great interest to Hong Kong businessman Chung Yun Pun, who funded the establishment of a racecourse in the suburbs of Beijing in 2002 at a cost of $100m, only for it to close down late in 2005. The government had shown no sign of lifting the ban on gambling and without bettting revenues, the racecourse could not survive. The Guardian reported that around 600 horses were culled. I have heard that a breeding program has continued quietly at the Beijing track so if the Wuhan trial is a success, horse racing in Beijing could be up and running again in a couple of years or so.