A decline in attendance and income was a major problem faced by clubs, particularly after the COVID-19 pandemic. For instance, the Macau team lost US$ 310 million, according to a report from AFP’s media company.  ,
The ordinary race day enrollment for the Singapore Turf Club decreased from 11, 000 in 2010 to 6, 000 in 2019. Admission was 2, 600 per culture day following the COVID-19 crisis.
Perak Turf Club’s president, John Lim, reported to CNA that its annual presence of about 700 people on race days is a far cry from the estimated 7, 000 in itsheyday in the 1980s.  ,
He claimed that when he first started playing the sport in 2007, the three Malaysian turf clubs were able to create RM1 billion ( US$ 232.6 million ) in annual betting profits.
Monthly income has decreased to about RM350 million in recent years, which Lim attributes to popular illegal gambling.
The minimum reasonable wager at Indonesian leagues is RM5, but Lim pointed out that some improper websites offer lower minimum wagers of RM4.20.  ,  ,
” A significant portion of the betting income has been diverted to the improper users. He claimed in a telephone interview that we cannot control the world’s improper betting business.  ,
To reduce its negative social effect, governments around the world levy income on betting.
However, improper operators can offer better odds by avoiding taxes and regulations, according to an Asian Racing Federation report released last year on unlawful betting markets.
28 regional sporting authorities and related organizations from across Asia, Oceania, Africa, and the Middle East are a part of the union.
According to research, approximately 80 % of sports bets are conducted improperly worldwide, and the United Nations estimates that the total bet every could reach US$ 1.7 trillion.
Lim claimed that the Perak Turf Club was losing income, but he kept the numbers a secret.  ,
No company you succeed if it constantly loses money, but there are no plans to close right now. We really hope that that doesn’t occur, he continued.
” People need to be aware that outlawed gambling causes us to lose money, primarily because there isn’t enough money to be won.” If they want the game to proceed, he continued, they must shift that mindset and support genuine betting.  ,
But, eradicating illegal playing and its appeal is a difficult task.
A regular Selangor Turf Club punter pointed out an unauthorised website that offered slightly higher rewards than the club to CNA and said,” These sites almost immediately pay the money into your account.”