PHILIPPINE RACING CLUB, INC.

PHILIPPINE RACING CLUB, INC.

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Company Overview
Philippine Racing Club, Inc. (PRCI) is the largest racing club in the Philippines. The company is engaged in the business of operating and maintaining the Santa Ana Park, a racetrack located in Makati City, and managing betting stations located within Metro Manila and other parts of the country. The company has its registered head office in Makati City, Philippines.
The company operates the racetrack under a franchise, which grants it the right to construct, operate and maintain one racetrack in Makati City or anywhere within the provinces of Rizal, Laguna and Cavite, and conduct horse races therein. Under the franchise, PRCI may take or arrange bets for races conducted in or outside the Philippines.
The company was formed in 1937 by a group of Filipinos and American businessmen as the Santa Ana Turf Club. The new club imported Australian thoroughbreds and pioneered in horse racing exclusively for this superior type of racehorse.
Business Summary
The Company boasts of modern horse-racing equipment designed to provide fast and accurate computation of dividends for horse racing enthusiasts.
Description and history
In 1937, a group of Filipino and American businessmen organized one of the country’s largest racing clubs, the Santa Ana Turf Club, which is now known as Philippine Racing Club, Inc. The Company boasts of modern horse-racing equipment designed to provide fast and accurate computation of dividends for horse racing enthusiasts. PRCI’s racetrack is located at the Santa Ana district in Makati City. The whole racetrack sits on a 25.6 hectares of titled property owned entirely by PRCI.

PRCI is one of only two operating racing clubs in the country (Manila Jockey Club, Inc., the operator of San Lazaro racetrack, is the other one). Substantially, the same sets of horse-owners and horses, jockeys and trainers and other racing people use both Santa Ana and San Lazaro racetracks. PRCI races are conducted normally every other Tuesdays, Wednesdays, Thursdays, Fridays, Saturdays and Sundays. The race venues are alternating shuttled between the two race clubs. Racing operations of both PRCI and MJCI are under the supervision of the Philippine Racing Commission (Philracom) while the betting aspects of racing are under the supervision of the Games and Amusement Board (GAB).

PRCI’s franchise for horse racing was renewed through R.A. No. 7953 on March 30, 1995 for another 25 years starting in October 1997 up to the year 2022. The franchise grants PRCI 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, PRCI may take or arrange bets for races conducted in or outside the Philippines. Also under the franchise, PRCI shall pay a franchise tax on its gross earnings from horse races and this tax shall be in lieu of any and all taxes, except income tax that is imposed by the local or national government on the activities covered by the franchise.

Formed by a group of Filipinos and American businessmen as the Santa Ana Turf Club

Business Line
Engaged in the business of operating and maintaining the Santa Ana Park, a racetrack located in Makati City, and managing betting stations located within Metro Manila and other parts of the country
Subsidiary
JTH DAVIES HOLDINGS, INC.
Advisor
PUNONGBAYAN & ARAULLO
IPO date
3/2/1952
US SIC Code
7948
Company Address
SANTA. ANA PARK
A.P. REYES AVE.
City province or state postal code
1207, MAKATI CITY
Phone: +63 2890 4015 TO 20
Fax: +63 2896 5679
Country address: PHILIPPINES
Website url: www.santa-ana-park.com

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