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GMA New Media & Manila Jockey Club will establish Gamespan, Inc.

A Shareholders' Agreement was executed between GMA Network Inc.'s 100% subsidiary GMA New Media, Inc. (NMI) and Manila Jockey Club, Inc. (MJC) in March 22, 2012 for the establishment of a joint venture corporation to be called "Gamespan, Inc."

Gamespan shall operate and manage the totalizator hardware and software owned by MJC, set-up new media infrastructure for offering and taking bets in horse racing and other sports. It shall also have the exclusive broadcast rights to all the races and other games operated by MJC which it may distribute to different broadcasters to maximize viewership and participation.

Gamespans' authorized capital stock is One Hundred Million Pesos (P100,000,000.00) divided into One Million (1,000,000) common shares with each share having a par value of One Peso (P1.00).

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"GMA New Media & Manila Jockey Club will establish Gamespan, Inc." was written by Mary under the Business category. It has been read 2058 times and generated 0 comments. The article was created on 23 March 2012 and updated on 23 March 2012.

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Kerryn [Entry]

Always refreshing to hear a rational asnewr.