The seemingly booming casino industry in the country is seen to negatively impact Philippine Racing Club Inc. (PRC), a publicly-listed company engaged in constructing, operating and maintaining racetracks, racing business.

 “In a way, obviously we will be affected and by how much, it depends,” PRC President and Chief Executive Officer Simeon Cua said.

He added that, “horse racing is a very peculiar gaming industry. I think there are always opportunities [in this business] because there are many other things that we can improve.”

As for how PRC’s racing business is actually doing, Cua said that, “it’s stabilizing. It has not grown as much as we wanted [because] I think there is a lot of competition in the gaming business”.

He said that aside from its recent joint venture with Ayala Land Inc. for the newly-launched P20-billion project called Circuit Makati, PRC is eyeing other joint venture projects.

“We’ll have other ventures. We will announce it when we approve the plan,” Cua added.