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Gain insights into the global breeding and horse racing industry, coping strategies, communication methods, and betting trends. Discover innovative solutions and opportunities for growth in a competitive market landscape.
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Review of Current Economic Trends in Breeding & Racing Aki AKITANI Deputy Secretary General
Contents • Review of Current Economic Trends • How the industry is coping with severe business environment • How to utilize new communication methods
Europe 75.4% North America 81.5%
2008 85.2 Billion Euros 2009 84.2 Billion Euros (1.2% decline) Japan 5.5% US 9.8% France 0.4% Australia 12.8% Hong Kong 9.8% Korea 9.2% Ireland 15.8% World Total Betting Turnover(2009)
World WageringFirst Half of 2010 France (PMU) + 0.6 % Hong Kong (*Jan-Jul) +14.1 % Italy (AAMS) - 13.3 % Japan (JRA) - 5.0 % Korea + 6.7 % Singapore - 7.0 % Sweden (ATG) + 3.1 %
Coping with Economic Downturn Cutting Cost & Increase Income Recipe for Disaster Dwelling on the past success & Doing Nothing
Rebate Scheme(Hong Kong Jockey Club) Losing bet exceed HK$10.000 Rebate: 10% of losing bet Target:core customers Pareto Principle (80-20 rules)
Lower Take-Out Rate(PMU) Take-out rate of Win & Place bet (April 2007) 18.5% 15% Monthly total betting increase Jun 18.9% Jul 22.1% Aug 10.7% Sep 15.5% Oct 11.9% Nov 11.2% (Nov: Win & Place +29.2%)
Number of Attendance 2005 Apr Satsuki Sho (GI) 85.146 (+ 6.2%) May Japan Derby(GI) 140.143 (+14.8%) Oct Kikuka Sho (GI) 136.701 (+82.0%) Dec Arima Kinen (GI) 162.409 (+29.6%) 2006 Apr Emperor’s Cup (GI) 93.944 (+ 6.2%) Jun Takarazuka Kinen(GI) 80.382 (+21.9%) Nov Japan Cup (GI) 120.182 (+25.7%) Dec Arima Kinen (GI) 117.251 (-27.8%) Deep Impact
Coping with Economic Downturn Cutting Cost & Increase Income Innovation (think out of the Box) Taking necessary risks & Back to Basics
How to target the new customers on internet(by Mr. John Della Volpe)
Essence of Social Network ‘Social networks can never be a cure-it-all. Social media networks, Apple iPhone and other trends are useful when we have the right products to sell’ (Singapore Turf Club)
New definition of‘Crisis’ Crisis (by Oxford Dictionary) ‘A time of intense difficulty or danger’ 危 機 Ki Ki 危 crisis or danger 機 opportunity
Review of Current Economic Trends in Breeding & Racing Aki AKITANI Deputy Secretary General