Jenny Chan 陳詠欣
Sep 4, 2014

PHD wins Hong Kong Jockey Club tender from OMD

HONG KONG - PHD has won a major piece of new business: a two-year retainer-based account for the Hong Kong Jockey Club (HKJC), which OMD had held for the past four years.

PHD wins Hong Kong Jockey Club tender from OMD

The HKJC reviews its media agencies regularly, every two years to be exact, and in a July tender invited Mindshare, UM, ZenithOptimedia, PHD and incumbent OMD to pitch for the club's overall media planning and placement duties. The club acknowledged to Campaign Asia-Pacific that it is now engaging PHD as its media agency.

The length of service is for the next two years, with an option to renew for another two years after that.

According to AdmanGo data, monitored adspend was around HK$150 million (US$19.35 million) in 2013 for the HKJC (based on published rate cards). In practice, media space can be bought with huge discounts ranging from 20 to 95 per cent off published rate cards, depending on the volume of purchase, agency used and package buys.

As the HKJC holds a government-granted monopoly in providing betting services on horse racing, the Mark Six lottery, and football odds, the organisation's representative was quick to point out that the above figure is not actual adspend, probably for fear of public reprisal.

McCann and Weber Shandwick are involved in creative and PR activities for HKJC's 130th anniversary this year, respectively.

 

 

Source:
Campaign Asia

Related Articles

Just Published

1 minute ago

Rethinking SEO: How Google's AI Overviews are ...

With Google's AI Overviews and 'AI Mode' set to transform the search landscape, publishers and agencies are grappling with declining click-through rates and the need to adapt their SEO strategies.

19 hours ago

Omnicom set targets to cut staff costs by 10 per cent

Omnicom Group set targets to reduce its total staff compensation bill by 10 per cent ahead of its proposed acquisition of Interpublic Group (IPG), PRWeek has learned.

1 day ago

The AI-powered imperative: How marketers can reach ...

As AI flips search and viewing habits, Google Singapore’s Ben King breaks down what marketers need to do to keep up and stay relevant.

1 day ago

Meet Lemon Man, Cass Beer's new mascot

In its latest work since opening a new Singapore office, GUT unveils a brand platform for Korean beer Cass, spotlighting its lemony range.