Macau Jockey Club was formerly the Macau Trotting Club. In 1989, the Trotting Club changed ownership and was transformed into the present Macau Jockey Club for flat-racing. The first race was held on 10 September 1989. In 1991, the Macau Jockey Club was acquired by a consortium led by Dr. Stanley Ho. The Board of Directors appoints a Chief Executive to handle the daily administration and management of the Club while the Management Committee composed of members of the Board of Directors is responsible for major policy-making.