The Manila Jockey Club Inc reported a net loss of PHP11.7 million (US$268,000) for the second quarter of 2014, an improvement from a loss of PHP43.4 million a year earlier, the company said in a filing to the Philippine Stock Exchange.
Revenue for the period was PHP91.4 million, down by 14 percent in year-on-year terms.
The firm posted a net loss of PHP16.4 million for the first half of the year compared to a net loss of PHP68.2 million one year earlier.
The company said it recorded a decline in revenue generated by its casino operations during the period, but did not provide a breakdown of the figures.
The Manila Jockey Club operates a casino called Pagcor Club San Lazaro (pictured) under a licence from the Philippine Amusement and Gaming Corp, at the club’s racetrack at San Lazaro Leisure Park, according to the jockey club’s website.
May 24, 2019Las Vegas Sands Corp is only in the running for a big-city Japan casino licence, said the group’s managing director of global development, George Tanasijevich (pictured), in an interview with...
May 24, 2019
"We like Japan. We like all areas…but it is a matter of what the local government and the local people really want"
Ted Chan Ying Tat
Chief operating officer of Galaxy Entertainment Japan