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REPUBLIC ACT NO. 6632 - AN
ACT GRANTING THE PHILIPPINE RACING CLUB, INC., A FRANCHISE TO OPERATE
AND MAINTAIN A RACE TRACK FOR HORSE RACING IN THE PROVINCE OF RIZAL Section 1. The
Philippine Racing Club, Inc., a corporation duly organized and
registered under the laws of the Republic of the Philippines,
hereinafter called the grantee or its successors is hereby granted the
right, privilege and authority to operate one race track in the
Municipality of Makati, Province of Rizal, establish such branches
thereof for booking purposes and hold or conduct horse races therein
with bettings either directly or by means of electric and/or
computerized totalizator. Sec. 2. The term of this grant, right, privilege and authority abovementioned, is for a period of twenty-five (25) years computed from the date of approval of this Act. Sec. 3. The grantee or its duly authorized agent, may offer, take or arrange bets within the premises wherein horse races are held and in such other places where branches thereof have been or may be duly established. No other entity or person other than the grantee or its duly authorized agent shall take or arrange any bet on any horse participating in any race conducted by the same, or maintain or use totalizator or any other device, method or system to bet on any horse within its premises or outside the same in the course of horse races conducted and/or operated by the said grantee. Sec. 4. Any person or persons found to have violated the provisions of the aforementioned section shall be punished by a fine of not less than two thousand pesos but not more than five thousand pesos or by imprisonment for not less than one month but not more than six months, or both in the discretion of the Court.f the offender is a corporation, partnership or association, the criminal liability shall devolve upon its president, managing partner or manager responsible for such violation. Sec. 5. To achieve an orderly, clean and honest
horse racing in the conduct thereof, the grantee shall provide the
following mechanical and/or computerized devices, to wit: a) photo
patrol and/or other electronic devices or camera; b) automatic starter;
c) electric totalizator; d) photo finish devices; e) machine, directly
connected to a computer in a display board, for the sale of daily
double, llave forecast, and/or "quenella" tickets, including those sold
from off-track stations; f) facilities or devices for tattoo branding
of horses for their proper identification; g) facilities, laboratories
and instrument for “est for drugs", h) weighing machines and devices
for measurement of horse; i) modern sound system and loud speakers; j)
facilities that will bring safety, security, comfort and convenience to
the public; k) modern intercommunication devices; and l) such other
facilities, devices or instrument that will insure clean, orderly and
honest racing, within three years from the approval of this Act.n case
of failure to provide and install any of the above-mentioned equipment
or facilities within the three-year period, the Games and Amusements
Board shall forthwith suspend and prohibit the holding of races by the
grantee until such time as the said equipment or facilities are
provided and installed. Sec. 6. The distribution of wager funds or gross receipts from the total sales of betting tickets during the entire racing day shall be apportioned as follows: eighty-four per centum (84%) shall be distributed in the form of dividends among the holders of betting tickets in the following manner:n pari-mutuel or regular races, the dividends shall be distributed among the ticket holders of win, place and show horses; in the case of the daily double, forecast and/or races, the dividends shall be distributed among the ticket holders of winning combinations of horses i.e., two horses that won first place in the two races in the case of daily double, and in the case of forecast and "llave", among the ticket holders of winning combinations of horses, i.e., the two horses that won first and second places or either way as the case may be. The remaining balance of sixteen per centum (16%) shall be distributed as follows: eight and one fourth per centum (8 1/4%) shall be set aside as the commission of the grantee conducting the races; six and three fourths per centum (6 3/4%) shall be set aside for the payment of stakes or prizes of win, place and show horses and the authorized bonus for jockeys; one-half per centum (1/2%) shall be set aside for the benefit of and turned over to the Jockeys and Horse Trainers, Injury, Disability and Death Compensation Fund created under Republic Act Numbered Three hundred and nine, as amended; and one-half per centum (1/2%) as a special fund to be used by the Games and Amusements Board to cover its expenses and such other purposes authorized under the same Act. The receipts from betting corresponding to the fractions of less than ten centavos eliminated from the dividends paid to the winning tickets, commonly known as breakage, shall be set aside as follows: twenty-five per centum (25%) for the operations expenses of the Philippine Amateur Athletic Federation; twenty-five per centum (25%) for the charitable institutions within the Municipality of Makati; and fifty per centum (50%) for the rehabilitation of drug addicts, as provided in Republic Act Numbered Six thousand four hundred twenty-five. Sec. 7. The provisions of any existing law,
executive or administrative order to the contrary notwithstanding, the
grantee is hereby authorized to hold horse races on all Saturdays,
Sundays and official holidays of the year, except on those official
holidays where the law expressly provides that no horse races are to be
held. The grantee may also conduct races on the eve of any public
holiday to start not earlier than five-thirty (5:30) o'clock in the
afternoon but not to exceed five days a year. Sec. 8. In consideration of the franchise and rights herein granted to the Philippine Racing Club, Inc., the grantee shall pay into the National Treasury a franchise tax equal to twenty-five per centum (25%) of its gross earnings from the horse races authorized to be held under this franchise which is equivalent to the eight and one fourth per centum (8 1/4%) of the total wager funds or gross receipts on the sale of betting tickets during the racing day as mentioned in Section six hereof, allotted as follows: a) National Government, five per centum (5%); the Municipality of Makati, five per centum (5%); b) Philippine Charity Sweepstakes Office, seven per centum (7%); c) Philippine Anti-Tuberculosis Society, six per centum (6%); and d) White Cross, two per centum (2%). The said tax shall be paid monthly and shall be in lieu of any and all taxes, except the income tax, of any kind, nature and description levied, established or collected by any authority whether barrio, municipality, city, provincial or national, on its properties, whether real or personal, from which taxes the grantee is hereby expressly exempted. Sec. 9. The grantee shall not lease, transfer,
grant the usufruct of, sell or assign this franchise, or the rights or
privileges acquired thereunder to any person, firm, company,
corporation or other commercial or legal entity, nor merge with any
other person, company or corporation organized for the same purpose
without the approval of the Congress of the Philippines first had. Any
corporation to which this franchise may be sold, transferred or
assigned, shall be subject to the Corporation laws of the Philippines
now existing or hereafter enacted, and any person, firm, company,
corporation or other commercial or legal entity to which this franchise
is sold, transferred or assigned shall be subject to all conditions,
terms, restrictions and limitations of this franchise as fully and
completely and to the same extent as if the permit has been originally
granted to the same person, firm, company, corporation or other legal
entity. Approved: October 23, 1972 |
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