Manila Jockey Club reports lower loss for 2Q
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.
Features
-
E-Sports and potential to bring millennials to casinos Nowadays, millennials, people who were born in the 1980s or... -
Food and drink major non-gaming push: Macau casino ops Food and drink have been heavily marketed as part of Macau... -
Macau law needs revamp to allow more concessions: experts Macau’s gaming law needs to be amended in order to...
Latest News
Sign up to our FREE Newsletter
(Click here for more)
Most Popular
Lawrence Ho ups stake in Melco Resorts November 20, 2018 
Macau labour group protest against public holiday scheme November 19, 2018 
HKZM Bridge marks uptick in unlicensed Macau tours: assn November 19, 2018 
MGM to gain share in tough 2019 Macau mkt: Nomura November 20, 2018 
Imperial Pacific casino ops resumed Sunday: firm November 19, 2018