Excerpts from the minutes of the meeting of the Board of the Philippine Racing Commission (Philracom) held on the 9th October 2013 at the 4th Floor Electra House Bldg., Esteban St., Makati City.
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RESOLUTION NO. 46 – 13
SERIES OF 2013

WHEREAS, the Philippine Racing Commission (Philracom) has the exclusive jurisdiction and control over every aspect of the conduct of horse racing, including but not limited to the framing and scheduling of races;

WHEREAS, the Philracom Board of Commissioners has re-evaluated and deliberated available inputs and statistics of the past ten (10) months of implementation of the "two-days-split" in the schedule of races for the three (3) racing clubs;

WHEREAS, the Philracom Board sensitive of the tangible and non-tangible aspects of the past ten (10) months emerged the following considerations:

1. That sales settled to be uniform on all four regular days racing (set apart from 2 weekend racing days) and the variance among the "weak" day against the "strong" day of regular days racing had diminish;

2. That convenience for stakeholders and operational cost efficiency has to find space and exploration as concrete basis for future long term consideration;

3. That the good sense of "rotation" basis of day assignments for each of the three clubs will even out further discrepancies if any particularly week end assignments which are historically 'strong sales days';

WHEREAS, the Philracom Board of Commissioners establishes and decides that the "two-day-consecutive" type of race per week is worthwhile for implementation based on the aspects narrated for the three (3) racing clubs on the subsequent months of the 2014 calendar year;

NOW THEREFORE RESOLVED, as it hereby RESOLVED that the three (3) racing clubs will have "two-days-consecutive" race schedule each per week and such schedule shall be implemented beginning the second (2nd) of January 2014;

RESOLVED ALSO FURTHER, that the distribution of races shall be finalized based on the consideration of PHILRACOM collated inputs and proposals considered from the different stakeholders that provided pertinent information with the three (3) clubs through their three (3) racing managers;

RESOLVED FURTHER that copy of this resolution be furnished all racing clubs, horse owners, jockeys and trainers associations.

APPROVED AND SIGNED by the undersigned Chairman and Commissioners of the Philippine Racing Commission this 27th November 2013 at Makati City, Philippines.

APPROVED BY:

HON. ANGEL LOPEZ CASTAÑO, JR.
Chairman

HON. REYNALDO G. FERNANDO
Commissioner

HON. LYNDON NOEL B. GUCE
Commissioner

HON. EDUARDO B. JOSE
Commissioner

HON. FRANCO L. LOYOLA
Commissioner

HON. VICTOR V. TANTOCO
Commissioner

HON. JESUS B. CANTOS
Commissioner