The Philippine Charity Sweepstakes Office (PCSO) and Philippine Racing Commission (PHILRACOM) signed a memorandum of agreement for the sponsorship of horse racing events for CY 2022 on Aug. 4 at the Philracom Office in Makati City.

According to PCSO, the agreement signifies the continuous support of the agency to the horse racing industry in the country and has committed to sponsoring the prizes of several races conducted by PHILRACOM.
"We welcome another opportunity for us to sponsor charity races which has been a long tradition of partnership between PCSO and PHILRACOM. We hope we could help more people with our programs and activities like this," said PCSO Vice Chairman and General Manager Melquiades Aypa Robles who also expressed his excitement about the upcoming events that PCSO will be participating.

Aside from boosting the Horse Racing Sports Tourism and PCSO's gaming products, the two offices have also agreed on creating a "joint advertising and publicity promotion" to generate more funds for their various projects.
"Thank you PCSO, it is our great pleasure to welcome GM Mel Robles, the new GM of PCSO. In other countries, horse racing is considered sports tourism so we want to do the same here in the Philippines," said PHILRACOM Chairman Aurelio P. De Leon.
"Two or Three years from now, it will be called sports tourism industry and of course we would like to have PCSO as our partner," he continued.
The contract was signed by Robles and De Leon as per PCSO.