The horse racing industry has potentially huge economic and social effects and is a blue ocean yet to be developed.
The speed horse racing industry once again ushered in good news, and the horse racing concept stocks collectively strengthened. China Sports Industry pulls up Touch panel.
On September 29, the Ministry of Agriculture and Rural Affairs and the State Sports General Administration issued the “National Equine Industry Development Plan (2020-2025)” clearly proposed to explore the promotion of horse racing, formulate the national speed horse racing competition standard and horse racing development plan, to 5 Cultivate a group of leading horse racing enterprises during the year.
The “Plan” also proposes to follow the principles of “small steps, separate steps, steady” and “pilot first, then promote”, in accordance with the development rules and regulatory requirements of instant sports lottery and large-scale sports game guessing lottery. Pilot work for speed horse racing events. This gives more imagination to the concept of “horse color”.
Affected by this news, the two giants of A-share horse racing concept stocksHainan Ruize, Luo Niushan On the 29th, it pulled up straight and closed the daily limit. As of press time, Hainan Ruize reported 6.65 yuan, an intraday increase of 7.48%; China Sports Industry reported 12.74 yuan, an intraday increase of 9.97%.
The industry chain of the horse racing industry involves a wide range of industries. The upstream, midstream, and downstream industries cover animal husbandry, event operations, equestrian clubs, financial support, and horse lottery guessing. The global horse racing industry has a scale of over one trillion yuan.
With the continuous implementation of support policies, many research institutions believe that industries related to horse racing will usher in phased benefits.
Shenwan Hongyuan Securities believes that the current expected source of income for the mainland horse racing industry is mainlyRacecourse tickets and supporting tourism and catering industry. At present, the domestic horse racing industry has just started. If Ma Cai can cooperate with the opening up, it is expected that the mainland can also generate hundreds of billions of yuan in betting like Hong Kong.
Ping An Securities analyst Chen Wen previously pointed out in a research report that the horse racing industry is expected to become Hainan Construction International A booster for tourist islands. With reference to the Hong Kong horse racing industry, if the horse racing industry is truly promoted in Hainan and even the whole country, it will be a market of 100 billion yuan.
Horse racing industry has potentially huge economic and social effects and is a blue ocean yet to be developed. From the perspective of industry insiders, as domestic consumption upgrades continue, the domestic horse racing industry will have a promising future even if it does not rely on gaming revenue. Among them, the model of event sports + tourism may become an important development direction.
In 2018, the State Council issued the “Guiding Opinions on Supporting Hainan’s Comprehensive Deepening of Reform and Opening-up”, which clearly mentioned for the first time that “encourage the development of horse racing”, the concept stocks related to “horse racing” have frequently changed, with ups and downs. However, as the Hainan Provincial Administration for Industry and Commerce suddenly suspended the registration of related “horse racing” companies, the hype gradually subsided.
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