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Philippine Racing Club, Inc.
| Philippine Racing Club, Inc. (PRC) was incorporated and registered with the Securities and Exchange Commission on May 2, 1937. The Company is primarily engaged in the business of operating and maintaining a racetrack covered by its franchise, and managing betting stations located within Metro Manila and other parts of the country. PRC is also engaged in acquiring and developing real properties including but not limited to leisure, recreational and memorial parks and owning, operating, managing and/or selling real estate. PRC's franchise for horse racing was renewed through R.A. No. 7953 on March 30, 1995 for another 25 years starting October 1997 up to year 2022. The franchise grants the Company the right to construct, operate and maintain one racetrack in the City of Makati or anywhere within the provinces of Rizal, Laguna and Cavite, and conduct horse races therein. Under the franchise, PRC may take or arrange bets for races conducted in or outside the Philippines. Starting January 6, 2009, horse racing is conducted in the new racetrack complex in Naic, Cavite. PRC is one of three operating racing clubs in the country, the other two are: Manila Jockey Club, Inc. (MJC), the operator of San Lazaro racetrack, and Metro Manila Turf Club, Inc. (MMTCI), the operator of Malvar, Batangas racetrack. With the entry of MMTCI in 2013, the racing calendar was divided among the three racetracks; racing days are alternatingly held so that only one track operates in each racing day. Racing operations of PRC, MJCI and MMTCI are under the supervision of the Philippine Racing Commission while the betting aspects of racing are under the supervision of the Games & Amusements Board. PRC has three wholly-owned subsidiaries namely, Philippine Newtown Ventures Corporation, PRC Circuit Makati, Inc. and Santa Ana Park Racing Club, Inc. (Santa Ana). In October 2022, the horseracing franchise of PRCI expired without its renewal version being filed in Congress. As a result, Santa Ana and MJC's horseracing businesses stopped on the date of franchise expiration. By the end of 2022, PRC has concentrated its attention and resources on the real estate business. Source: SEC Form 17-A (2022) |
| Sector | Services |
|---|---|
| Subsector | Casinos & Gaming |
| Corporate Life | 50 |
| Incorporation Date | May 02, 1937 |
| Number of Directors | 8 |
| Stockholders' Meeting as per By-Laws | June - third Monday at 4 pm |
| Fiscal Year | 12/31 (Month/Day) |
| External Auditor | Punongbayan & Araullo |
| Transfer Agent | Professional Stock Transfer, Inc. |
| Business Address | Saddle and Clubs Leisure Park, Brgy. Sabang, Naic, Cavite |
|---|---|
| E-mail Address | [email protected] |
| Telephone Number | (02) 8805-2091 |
| Fax Number | (02) 8805-2147 |
| Website | http://www.santa-ana-park.com |
