Philippine Racing Club

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 alternating 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 two wholly-owned subsidiaries namely, Philippine Newtown Ventures Corporation and PRC Circuit Makati, Inc.

Source: SEC Form 17-A (2019)


Board of Directors

PositionName
Chairman EmeritusSantiago Cua
ChairmanSantiago S. Cua, Jr.
Vice ChairmanExequiel D. Robles
Vice ChairmanSolomon S. Cua
DirectorSimeon S. Cua
DirectorRamon P. Ereñeta, Jr.
DirectorEusebio H. Tanco
Independent DirectorRenato de Villa
Independent DirectorJoseph N. Dy

Management Officers

PositionName
President and Chief Executive OfficerSimeon S. Cua
TreasurerSheryl Lizette Cua
Executive Vice President and
Chief Financial Officer
Allan V. Abesamis
Executive Vice President and
Chief Operating Officer
Santiago N. Cualoping III
Corporate SecretaryRene Tale
Vice President and Assistant
Corporate Secretary
Sean Lester Cualoping

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s