Philippine Racing Club, Inc. 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 properties, including leisure, recreational and memorial parks. The Company’s segments include Real Estate Operations, Club Racing Operations, Leasing, and Sale of Food, Beverage and Services. The Real Estate Operations segment principally refers to general real estate business, such as the development and sale of land and condominium units. The Club Racing Operations segment refers to the operation and maintenance of racetracks and the holding of horse races. The Leasing segment relates to the leasing of horse stables, condominium units, and other facilities. The Sale of Food, Beverage and Services segment refer to merchandising operations of food and non-food items, including the related services thereto.