Philip Chen has been appointed as the new Chairman of the Hong Kong Jockey Club. Michael Lee has been appointed as the New Deputy Chief as well.
The appointment came after Anthony Chow retired as the Chairman of HKJC after serving for two years. He was a steward of HKJC for 18 long years. The HKJC has honored Chow by inviting him as the honorary steward in recognition of his service.
Chen was elected by the HKJC Board of Stewards. He has been a member of the Jockey Club since 1987 and had voting rights since 2003. He currently serves as the Non-executive director of property developer Hang Lung Properties.
Lee, the new Deputy Chairman has been associated with the club for long as well. He is a member of the club since 1989 and a voting member since 2001. He works as the director of the private investment firm Oxer Holdings.
Chen said that it is an honor and privilege for him to take up the new role. He said that the previous members, chairman, and others have built a strong foundation for the club. He further commented that the club has an effective and integrated business model and provides world-class racing, and provides substantial tax and charity support. He insisted that the club has a deep engagement with the community as well. Chen further emphasized the challenging times due to the COVID19 outbreak and said that the club would make sure to do everything possible for the betterment of society.
The announcement came after HKJC announced to reopen most of the betting shops on the non-racing days starting from June 22. The restrictions imposed on the clubs are now been relaxed.
It has been announced that all the betting shops would remain open until the end of the current racing session that is July 14 for horse racing and customer services.