Friday, February 9, 2018

Manila Jockey Club, Inc. (MJC)

This posting may contain out of date contents.
For the updated or exact information, you should check edge.pse.com.ph or their official website.

1. Company Information
Company Name
Manila Jockey Club, Inc. (MJC)
Sector
Services
Incorporation Date
Mar 22, 1937
Subsector
Casinos & Gaming
Number of employees
176 (Group Total)
Board of Directors
Chairman: Alfonso R. Reyno, Jr.
Website / E-mail
http://www.manilajockey.com / mjci@mindgate.net
2. Stock Information
Total Assets
4,802,360,325
Market Capitalization
6,425,240,294.70
Total Liabilities
822,888,650
Outstanding Shares
996,161,286
Retained Earnings
2,860,652,905
Listed Shares
996,170,748
Listing Date
Oct 11, 1963
Issued Shares
996,170,748
Board Lot
100
Free Float Level (%)
78.65%
Par Value
1.00
Foreign Ownership Limit
40%
3. Major Stock Holders (common shares)
Alfonso R. Reyno, Jr.
Arco Equities, Inc.
06.62%
13.12%
4. Company Descriptions and Business Development
Notes
1. Alfonso Reyno III Christopher Reyno are the sons of Alfonso R. Reyno, Jr..
2. Alfonso Reyno Jr. is authorized to vote for Arco Equities, Inc.
Overview
It is presently engaged in the construction, operations and maintenance of a racetrack located in Cavite and in the holding or conducting of horse races therein with bettings both directly or indirectly by means of mechanical, electric and/or computerized totalizator. It has a congressional franchise. It also has real estate businesses.  The main competitors are Philippine Racing Club, Inc (PRC, a listed company) and Metro Manila Turf Club, Inc.(MMTC) which uses Malvar facilities. The race schedule doesn’t overlaps, so there is no real competition.
Business
Racing Operations
It conducts horse races two days per week. It has 255 Off Track Betting Stations (OBTs) nationwide. Sales from OBTaccount for 94% of the total revenues.
Real Estate
77-hectare San Lazaro Leisure and Business Park, located in Cavite, is hosting 2 race tracks, 1,800 horses capacity of stabling complex, PAGCOR casino and more than 800 units township.
16-hectare San Lazaro Tourism and Business Part, located in Manila, is hosting SM Mall, BPO building, residential towers.
Gaming Operations
It operates 200 slot machines in Cavite under the lease contract with PAGCOR. It receives 35% of the gross win.  It is also granted to operate casino within the Sal Lazaro Tourism and Business Park.


Revenue contribution in 2016 (in million pesos)
Racing
Rent
Real Estate
F&B
Others
199
87
46
19
18
53.93%
23.58%
12.47%
5.15%
4.88%


Subsidiaries / Associates / Affiliates / Joint Ventures
Biohitech Philippines, Inc (50%) is engaged in waste management
Gametime Sports and Techonologis, Inc (100%)
Manilacockers Club, Inc(MCC, 100%)
San Lazaro Resources and Development Corp. (100%)
San Lazaro BPO Complex, Inc.(30%, JV with ALI
MJC Investment Corporation(MJIC, 22.31%, a listed company)
Techsystems, Inc. (33%) is engaged in short message service betting or online betting.

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