Philippine Racing Club, Inc. (Philippines Stock Exchange: PRC)


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Business Description
Philippine Racing Club, Inc. (PRCI) is a Philippines-based company 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 Philippines.  The Company 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. The Group’s main reportable operating segments are the development and sale of real estate properties, operation and maintenance of race tracks and holding of horse races, and leasing out stables. The Company’s subsidiaries include Philippine Newtown Ventures Corporation (PNVC), engaged in real estate and Philippine Newtown Global Services Inc., (PNGSI) engaged in Business process outsourcing.