ChanRobles Virtual law Library
PHILIPPINE LAWS, STATUTES & CODES
A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
Republic Acts :
REPUBLIC ACTS
PLEASE CLICK HERE FOR THE LATEST ➔ PHILIPPINE LAWS, STATUTES & CODES
REPUBLIC ACT NO. 7978 - AN ACT
GRANTING THE METRO MANILA TURF CLUB, INC. A FRANCHISE TO CONSTRUCT,
OPERATE AND MAINTAIN A RACE TRACK FOR HORSE RACING IN THE CITY OF
KALOOKAN |
Section 1. Any provision of law to the contrary
notwithstanding, there is hereby granted to the Metro Manila Turf Club,
Inc., a corporation duly organized and existing under the laws of the
Philippines, hereinafter called the grantee, its successors or assigns,
for a period of twenty-five (25) years from the effectivity of this
Act, the right, privilege and authority to construct, operate and
maintain one race track in the City of Kalookan, establish branches
thereof for booking purposes, and hold or conduct horse races with
betting, whether on the results of the races or other forms of gaming
derived therefrom, and either directly or by means of any mechanical,
electrical, and/or computerized totalizator, and to do and carry out
all such acts, deeds and things as may be necessary to give effect to
the foregoing.
Sec. 2. The horse races to be conducted by the grantee shall be under the supervision and regulation of the Philippine Racing Commission, which shall enforce the laws, rules and regulations governing horse racing, including the framing and scheduling of races, the construction and safety of racetracks, the allocation of prizes for winning horses, and the security of racing as provided in Presidential Decree No. 420, as amended: provided, that the Games and Amusements Board shall continue to supervise and regulate betting in horse races as provided in Section s 6, 8, 11, 15, and 24 of Republic Act. No. 309, as amended. Sec. 3. The guarantee or its duly authorized agent may offer, take or arrange bets for races conducted in or outside the Philippines, in person or by any electronic or other modern means of processing transactions, anywhere in the Philippines, whether within or outside the place, enclosure, or track where horse races are held, in on-track or off-track betting stations, with respect to races held or conducted within or outside the Philippines. No person other than the grantee or its duly authorized agents or licensees shall offer, take or arrange bets on any horse race, or maintain or use a totalizator or other device, method or system to bet on any horse within or without the place, enclosure, or track where the horse races are held by the grantee. Any violation of this section shall be punished by a fine of not more than Two thousand pesos (P2,000.00) or by imprisonment of not more than six (6) months, or both at the discretion of the court. If the offender is a partnership, corporation or association, the criminal liability shall devolve upon its directors, president or any other official responsible for the violation. Sec. 4. The grantee is hereby authorized to do and carry out all such acts, deeds and things as may be necessary for the effective conduct of the business under this franchise, and, in particular, to provide and operate any mechanical, electrical and/or computerized devices, equipment and facilities, including but not limited to (a) photo patrol; (b) automatic starter; (c) photo finish devices; (d) facilities or devices for tattoo branding of horses for proper identification; (e) facilities, laboratories and instruments for testing for drugs; (f) weighing machines and devices for measurement of horses; (g) electric and/or computerized totalizator; (h) machines directly connected to a computer in a display board for the sale of tickets including those sold from off-track betting stations; (i) modern sound systems and loud speaker facilities; (j) modern telecommunications and broadcasting equipment and facilities, whether at the grantee's tracks or off-track betting stations, for receiving and transmitting, whether live or otherwise, messages, signals and pictures by any means now known or which in the future may be developed for the reception and transmission of messages, signals and pictures relating to the betting system, the actual conduct of horse races, the announcements of winning numbers and dividends paid or to be paid thereon, and any other information relating to the conduct and promotion of horse races within or outside the Philippines; (k) continuous and back up power supply, and such other instruments, devices, equipment, facilities and systems; (l) facilities that will bring safety, security, comfort and convenience to the public; and (m) any other facilities, devices and instruments in order to maintain clean, honest and orderly betting on horse races or derivative games. The Games and Amusements Board shall assign its auditors and/or inspectors to supervise and regulate the placing of bets, the proper computation of dividends and the distribution of wager funds. Sec. 5. The grantee shall publish and display
prominently and in appropriate places the terms and conditions
regarding the sale of betting tickets. The total wager funds or
gross receipts from the sale of betting tickets at the race track for
horse races conducted by the guarantee under this franchise shall be
apportioned as follows: Sec. 6. On each horse racing ticket, there shall be collected a documentary stamp tax of Ten centavos (P0.10): provided, that if the cost of the ticket exceeds One peso (P1.00), an additional tax of Ten centavos (P0.10) on every One peso (P1.00) or fractional part thereof shall be collected: provided, further, that in the case of double forecast/quinella and trifecta bets, the tax shall be Five centavos (P0.05) on every One peso (P1.00) worth of ticket. Sec. 7. Every person who wins in horse racing
shall pay a tax equivalent to ten percent (10%) of his winnings or
dividends, the tax to be based on the actual amount paid to him for
every winning ticket after deducting the cost of the ticket: provided,
that in the case of winnings from double, forecast/quinella and
trifecta bets, the tax shall be four percent (4%). In the case of
winning race horses, the tax shall be ten percent (10%) of the prize. Sec. 8. The provision of any law to the contrary notwithstanding, the grantee is hereby authorized to hold horse races on two (2) days during the week as may be determined by the Philippine Racing Commission, and on all Saturdays, Sundays and official holidays of the year, excluding Thursdays and Fridays of the Holy Week, June 12th and any holiday on which a national or local election is held. The grantee may also conduct races on the eve of any public holiday to start not earlier than five thirty o'clock in the afternoon, but not to exceed five (5) days a year. Sec. 9. In consideration of the franchise and
rights herein granted, the grantee shall pay to the National Treasury a
franchise tax equal to twenty-five percent (25%) of its gross earnings,
which is equivalent to the commissions/fees earned by the grantee out
of total wager funds, allotted as follows: |
chanroblesvirtuallawlibrary