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| | TIME Asia Print Page: Fading Down The Stretch? -- December 6, 2004 / Vol. 164, No. 23 (Site not responding. Last check: 2007-10-08) |
 | | The club's private boxes and formal restaurants, scattered throughout the organization's two first-class horse-racing stadiums, are among the top local spots to be seen in, cozy venues where élite HKJC members schmooze over racks of lamb and roasted guinea fowl. |
 | | During a recent race at the Sha Tin racetrack one sunny Saturday afternoon, HKJC CEO Lawrence Wong warned that horse racing in Hong Kong is facing "irreparable damage" from illegal bookmakers and hefty taxes. |
 | | Although some might view the demise of racetrack betting as a victory for virtue, in Hong Kong the decline of an institution as influential as the HKJC would be a financial blow felt by the entire city. |
| www.time.com /time/asia/magazine/printout/0,13675,501041206-832295,00.html (1170 words) |
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