After more than 160 years of operation—surviving even the Japanese invasion during World War II—the Penang Turf Club (PTC) will cease its horse-racing activities by June. An extraordinary general meeting (EGM) on April 20 is expected to formalize the decision, with a two-thirds majority vote needed to dissolve the historic club.

Founded in 1864, PTC is Malaysia’s oldest horse-racing club but has struggled financially in recent years. A club official, speaking anonymously, confirmed that losses had become unsustainable, leading to the inevitable shutdown. The final race meeting is scheduled for May 31, closing a storied chapter in Penang’s sporting history.

Following the EGM, PTC will notify authorities, wind down operations, and terminate contracts with suppliers. Its 150 employees will be offered voluntary separation or retrenchment packages. The club’s next challenge is disposing of its prized 81-hectare land in Batu Gantong—valued at RM2-3 billion but unsold as a single parcel. Plans may now involve subdividing the land to attract buyers.

PTC’s closure reflects a regional trend. Last year, Singapore Turf Club ended its 180-year racing legacy, while Macau Jockey Club shut down after financial struggles. For Malaysian racing enthusiasts, only the Perak and Selangor Turf Clubs remain.

As PTC prepares for its final curtain call, its legacy—from wooden attap structures in 1864 to a modern-day icon—will be remembered as a symbol of Penang’s colonial past and sporting heritage.