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Schedule of Races. - The provisions of any existing law, executive or administrative order to the contrary notwithstanding, the grantee is hereby authorized to hold races on at least two days during the week as may be determined by the Philippine Racing Commission and all Saturdays, Sundays and official holidays of the year, excluding Thursdays and Fridays of the Holy Week, and those official holidays where the law expressly provides that no races are to be held. The grantee may also conduct races on the eve of any public holiday to start not earlier than five o'clock in the afternoon, but not to exceed five days in a year. The grantee shall allocate racing days pursuant to the provisions of Republic Act No. 309, as amended.
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