Philippine Racing Club, Inc. is 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. 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 Company’s horseracing is conducted in the new racetrack complex in Naic, Cavite. The Company’s development projects include re-development of Makati City property into a mixed use, residential-commercial project under a joint development agreement with Ayala. The Company’s subsidiaries include Philippine Newtown Ventures Corporation engaged in real estate, and Philippine Newtown Global Services Inc..is engaged in business process outsourcing.