International Races, Cup, Hong Kong Jockey Club

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Dec. 9 (Bloomberg) -- With almost $9 million dollars in prize money at stake across four races, the Cathay Pacific Hong Kong International Races represent a healthy payday for whoever gets to stand in the winner's circle. Not so for the organizers, the Hong Kong Jockey Club. The size of the purse and the expense of the event means it runs at a loss. Bloomberg's Paul Allen reports. (Source: Bloomberg)

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