Section 1Sec./Art. 1

Nature and Scope of Franchise. -Subject to the provisions of the Constitution and applicable laws, rules and regulations, the franchise granted to Metro Manila Turf Club, Inc., hereunder referred to as the grantee, its successor or assignees, under Republic Act No. 7978, as amended by Republic Act No. 8298, to construct, operate and maintain one racetrack in the City of Kalookan, or anywhere within the provinces of Batangas, Cavite, Laguna, Rizal, and Quezon, establish branches thereof for booking purposes, and hold or conduct horse races with betting, on the results of the races either directly or by means of any mechanical, electrical, and/or computerized totalizator, and to do and carry out such acts, deeds and things as may be necessary to give effect to the foregoing, is hereby renewed for another twenty-five (25) years from the effectivity of this Act.