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Philippine Racing Club, Inc.

Company Description
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.

Source: SEC Form 17-A (2021)
Security Information
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.
Contact Information
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