Sales in horse racing improving; exciting events slated

Credit to Author: Tempo Desk| Date: Tue, 18 May 2021 07:52:49 +0000

By JEREMIAH SEVILLA The Philippine horse racing industry is slowly but surely getting back on its feet amid the COVID-19 pandemic, thanks to the green light given by the Inter-Agency Task Force for the “Sport of Kings” to resume along with the emerging online betting platform.  Philippine Racing Commission (Philracom) Chairman Aurelio “Reli” De Leon bared […]

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Palace: Horse racing, cockfighting still banned under community quarantine

Credit to Author: Catherine S. Valente, TMT| Date: Tue, 09 Jun 2020 09:57:22 +0000

HORSE racing and cockfighting are still banned in areas under community quarantine in a bid to prevent the spread of coronavirus disease 2019 (Covid-19) pandemic, Malacañang announced on Tuesday. Palace spokesman Harry Roque Jr. said the decision not to allow such amusement games was reached during a meeting of the Inter-Agency Task Force for the […]

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Gov’t may lose P1B in taxes a year from horse racing

Credit to Author: besguerra| Date: Mon, 12 Aug 2019 21:00:16 +0000

The sport of kings is flourishing today in most parts of Asia, especially in Japan, Hong Kong, Singapore, South Korea, Macau and Malaysia. But here in the Philippines, the reverse is happening as 2017 racing sales (P7.378 billion) dived in 2018 (P5.556 billion), for a P1.822 billion decrease in all three racetracks.

The post Gov’t may lose P1B in taxes a year from horse racing appeared first on Inquirer News.

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