According to an inside source, Makisig Network, that covers the live races of San Lazaro Leisure Park on cable television, faxed this afternoon a letter to Manila Jockey Club Chairman and CEO Atty. Alfonso Reyno Jr. signifying Makisig’s intention to cease providing racing broadcast services by 27 October 2008.
Citing that it was a “hard business decision to make”, the letter from Makisig revealed that due to lost racing days and subsequent lost income as well as other concerns, the fledgeling network can no longer sustain its racing operations.
It is not known at the moment whether Makisig Network will continue its other broadcast operations.
Also unknown for now is the response of Manila Jockey Club is to this situation.