Jockey Club reports 4 billion patacas in accumulated losses

2017-07-20 08:00
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The Macau Jockey Club in Taipa reported yesterday accumulated losses of 4.07 billion patacas, assets of 240 million patacas and liabilities of 1.3 billion patacas at the end of last year.

The horse-racing company reported an operating loss of 109 million patacas last year.

The company announced the figures in a statement in yesterday’s Official Gazette (BO).

The figures released yesterday were approved by a board meeting of the company on March 29. Lawmaker Angela Leong On Kei is the company’s chief executive and vice-president of the board.

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