Philippine Racing Club, Inc. Announces Incorporation of A Subsidiary
November 27, 2019 at 12:30 am EST
Share
On 19 November 2019, under Company Registration Number CS201919071, the Securities and Exchange Commission approved the incorporation of Fulcrum Computer Services, Inc., a corporation 75% owned by Philippine Racing Club, Inc.
Philippine Racing Club, Inc. is a Philippines-based company, which is 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 of the country. The Company is also engaged in acquiring and developing real estate property, including but not limited to leisure, recreational and memorial parks and owning, operating, managing and/or selling real estate. It operates through four segments. Real Estate Operations segment is engaged in real estate business, such as development and sale of land and condominium units. Club Racing Operations segment is engaged in the operation and maintenance of racetracks and holding of horse races. Leasing segment is mainly engaged in the leasing of horse stables, condominium units, and other facilities. Sale of Food, Beverage and Services segment is involved in merchandising operations of food and non-food items, including the related services.
PHILIPPINE RACING CLUB, INC. 
