Caymanas Park is cementing its position as the Caribbean’s leading horse racing destination with the launch of a state-of-the-art Digital Timing System.
Read more: Caymanas Park to Introduce GMax Digital Timing System
Supreme Ventures Racing and Entertainment Limited (SVREL), promoters at Caymanas Park, is asking industry regulator Jamaica Racing Commission (JRC) to revisit the amendments made to Rule 44 (iii) that enforces strict adherence to race start times, with a maximum allowance of five (5) minutes after the published post time.
In a press conference held recently to address the abandonment of two races during the April 27 race meet at Caymanas Park, SVREL Executive Chairman Solomon Sharpe expressed his frustration with the rule and outlined the potential impact it could have on the racing industry in general.
“This rule does not exist in any jurisdiction outside of Jamaica. Enforcing a maximum five-minute allowance for races at Caymanas Park doesn’t factor in the numerous variables that can affect the punctual start of a race and penalizes the entire racing ecosystem when a race is abandoned. Punters, jockeys, grooms, trainers, owner, the promoters and the Government lose out on income whenever a race is abandoned.”
Last year, Caymanas Park contributed over $260 Million in combined taxes to the Government coffers.
The Executive Chairman also made an impassioned plea to the regulators, stakeholders and the general public for support of the growth of the industry. “Horseracing is one of the biggest sports in Jamaica and the potential to export the product and have it become one of Jamaica’s biggest foreign exchange earners. Realising the potential of Caymanas Park will take collaboration on the part of all stakeholders.”
SVREL assumed operations of Caymanas Park in March 2017 after Government divested the property. Since then, it has invested over J$4 Billion in improving the product and has introduced innovations like the Mouttet Mile, that has the biggest purse in the English-speaking Caribbean.
Mayberry Investments Limited (MIL), a steadfast advocate for Jamaican sports, has reaffirmed its dedication to cultivating athletic excellence by teaming up with the Jamaican Ice Hockey Team.
The Mayberry All Island Swim Meet, held on
March 15th and 16th, 2024, at the National Aquatics Centre, National Stadium, saw
the convergence of Jamaica's most promising young swimmers for two days of
thrilling competition.
Read more: Mayberry Investments Champions Youth Swimming Talent
The Caribbean’s most anticipated race day, the
Mouttet Mile Invitational, is gearing up for a sixteen-horse showdown on December 7,
2024.
- Cricket Legend Chris Gayle strikes first class partnership with Broward County for ICC T20 World Cup
- JustBet Offers Chance to Win a Trip to 2024 UEFA Champions League Finals
- Jockey Abigail Able Gallops into Q8Oils Ambassadorial Role
- Mayberry Back On Track as Sponsor for the S.W. Isaac-Henry Track & Field Invitational Meet