Finance Ministry to meet with horse racing industry stakeholders on Monday

The Ministry of Finance has intervened in the dispute among stakeholders in the horse racing industry.
 This follows a boycott of all racing activities at Caymans Track Limited today (May 12).
 The Finance Ministry has over sight responsibility for Caymans Track Limited and the horse racing industry.
 In
a statement this afternoon, Minister without portfolio in the Ministry
of Finance Horace Dalley expressed extreme disappointment in what he
says is the unfortunate actions taken by the racing stakeholders.
 This morning’s boycott followed a meeting held yesterday between Minister Dalley and the bookmarkers.
 During this meeting arrangements were discussed for the bookmakers to resume betting operations.
 However,
all ten races scheduled to be held at Caymanas Track today were
disrupted, following a decision by several stakeholders in the industry,
to abandon races.
 President of the Jamaica Race Horse
Owners Association Laurence Heffes says the bone of contention is a
breakdown in arrangements for the bookmakers who take bets, to pay a fee
to Caymans Track.
 Mr. Heffes says this fee has not been forthcoming.
 In a bid to resolve the impasse, the Finance Ministry has scheduled a meeting for Monday, May 14 at 4:00 p.m.
 It is hoped that the matter will be settled so that race day activities can resume on Wednesday, May 16.
 Meanwhile,
Former Mayor of Kingston Councillor Lee Clarke is calling on the
stakeholders of the horse racing industry to set aside their differences
and work together for the survival of the industry.
 Councillor
Clarke, who is also an owner and trainer at Caymanas Track, says the
industry is important to Jamaica and employs more than 20,000 people.
 He
says this kind of disruption is threatening the survival of racing and
is calling for the issue with the bookmakers to be settled immediately.
 He also wants the betting shops to be opened on Sundays, when racing is taking place.

 

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