Manila Jockey Club Inc. Stock Analysis MJC.PM

Manila Jockey Club, Inc. engages in the construction, operation, and maintenance of racetracks. The firm is also engaged in the holding or conducting of horse races with betting both directly or indirectly, by means of mechanical, electric or computerized totalizator, and other gaming activities. The company conducts horse race betting operations, through approximately 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. The company 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.