SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Aug 23, 2022

2. SEC Identification Number

PW803

3. BIR Tax Identification No.

000-786-765

4. Exact name of issuer as specified in its charter

MANILA JOCKEY CLUB, INC.

5. Province, country or other jurisdiction of incorporation

Metro Manila

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

San Lazaro Leisure and Business Park, Brgy. Lantic, Carmona, Cavite Postal Code 4116

8. Issuer's telephone number, including area code

(632) 8687-9889

9. Former name or former address, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common	1,494,241,674

11. Indicate the item numbers reported herein

Item 9 - Other Events

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Manila Jockey Club, Inc.MJC

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Non-renewal of Horseracing Franchise
Background/Description of the Disclosure
Manila Jockey Club, Inc.’s (the “Company”) legislative franchise for horseracing under Republic Act (RA) No. 6631, as amended by RA 8407 (hereinafter, the “Legislative Franchise”) shall expire on October 23, 2022. On August 23, 2022, the Board of Directors of the Company resolved that, in the interim, (1) the Company shall not pursue an application for extension or renewal of the Legislative Franchise with the Congress of the Philippines, and (2) the Company shall close its horseracing operations. The Board further resolved that, subject to market conditions, the Company intends to file an application for a new horseracing franchise either (i) under its own name, or (ii) through a new wholly-owned subsidiary to be formed specifically to engage in the horseracing business. Pending said new franchise, the Company shall, in the interim, focus on its real estate business, i.e., development and/or leasing of its existing real estate properties. The Board expects no significant impact on the Company’s financial condition in 2022 and in the years to come. The cessation allows the Company to pivot to more stable revenue streams: (1) Rental income from the Company’s existing properties, including but not limited to (i) Vertex One, a 15-storey, 21,000 sq.m. Grade-A building designed to address the office space requirements of the 24x7 work environment of BPO firms.; and (ii) the Company’s building located in San Lazaro Leisure and Business Park (SLLBP), Carmona, Cavite. (2) Interest income from existing investments; (3) Investment income from the proceeds of the sale of the Company’s idle assets located in Sta. Cruz, Manila; and (4) Sale or lease of existing horseracing facilities and equipment Finally, the Company estimates a substantial reduction in operating expenses that will more than offset the loss in horseracing revenues. The retirement and/or separation from service of the officers and employees involved in horseracing operations, as well as the savings in the maintenance of the 60,000 sq.m. property in Cavite, significantly contributed to the reduction in operating expenses.
Other Relevant Information
Attached is the SEC Form 17-C dated August 23, 2022.