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Alfonso R. Raynaud Jr., president of the Manila Jockey Club, won re-election after a company meeting, a filing to the Philippine Stock Exchange said on Wednesday.
According to the jockey club website, the company operates a casino called pagcore club San Lazaro under a license from the Philippine play and games corporation. The casino is based on the club racetrack in San Lazaro Leisure Park in the cavite district of Manila. In its most recent 2012 annual results, the Manila Jockey Club said its subsidiary, NVTL, supplied casinos with a network system linking a total of 230 gaming consoles with Pagcor's accounting system. In return, NVTL was able to receive 35% of casino revenue. The Manila Jockey Club was founded in 1937. The racetrack, horse racing, and horse racing betting operations franchise was renewed in 1997 for 25 years. |
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