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MJC halts horse racing operations

THE Manila Jockey Club Inc. (MJC), the country's premier horse racing club, announced on Wednesday that it will no longer hold horse races after 155 years.

'Pending said new franchise, the company shall, in the interim, focus on its real estate business, i.e., development and/or leasing of its existing real estate properties,' the MJC said in a statement sent to the Philippine Stock Exchange.