Steeplechase (horse racing) the set-weights-and-penalties Hiskens Steeple run at Moonee Valley. The Hiskens is regarded as the Cox Plate of jumps racing. The most famous Australian horse in the field was Crisp, who was narrowly beaten by the champion Red Rum in the 1973 English Grand National. Crisp subsequently beat Red Rum at set weights. More recently Karasi has won the Nakayama Grand Jump, the world's richest jumps race held in Japan, three times. Jumps racing was set to end in Victoria after the 2010 season. In September 2010, having satisfied a limit on the maximum number of deaths among starting horses, hurdle
Horse racing not been active after 2012. Horse racing eventually returned to mainland China on year 2014 as one-day, five-card event for foreign horses, trainers and jockeys. The British tradition of horse racing left its mark with the creation of one of the most important entertainment and gambling institutions in Hong Kong. Established as the Royal Hong Kong Jockey Club in 1884, the non-profit organisation conducts nearly 700 races every season at the two race tracks in Happy Valley and Sha Tin. All horses are imported since there is no breeding operation. The sport annually draws millions of dollars of tax revenue.