Manila Jockey Club, Inc. Discloses Operation Status
July 20, 2020 at 12:49 am EDT
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Manila Jockey Club, Inc. announced that On March 15,2020, in response to the directive of the Philippine government to impose stringent social distancing measures in the National Capital Region to contain the spread of COV1D-I9, PAGCOR issued a memorandum to suspend the all gaming operations in Metro Manila until the end of the community quarantine. On March 16,2020. Presidential Proclamation No. 929 was issued, declaring a State of Calamity throughout the Philippines for a period of six (6) months and imposed community quarantine, which resulted to the temporary suspension of the hotel and casino operations. On June 7, 2020, the hotel resumed its operations after receiving the approval from the Department of Tourism.
Manila Jockey Club, Inc. is a Philippines-based company. The Company is engaged in the construction, operations and maintenance of a racetrack located in Cavite, Philippines and in the holding or conducting of horse races therein with betting both directly or indirectly by means of mechanical, electric and/or computerized totalizator. It conducts horse race betting operations, through more than 250 Off Track Betting (OTB) stations that are owned and franchised around the country, as well as from bets placed at its Turf Club. The Company is also engaged in the development and sale of condominium units and residential properties, and lease of an office building through joint venture (JV) arrangements with certain developers. It has various condominium and office towers at the San Lazaro Business and Tourism Park township in Santa Cruz, Manila, and from the suburban Canyon Ranch development located at the San Lazaro Leisure Park in Carmona, Cavite, in partnership with Century Properties.
MANILA JOCKEY CLUB, INC. 
