Jamaica's horse racing enthusiasts can rejoice as the Thoroughbred Owners and Breeders Association (TOBA) and Supreme Ventures Racing and Entertainment Limited (SVREL) have successfully resolved their impasse. This means that race meets will return to full race cards, as opposed to the short six-race programme that was run on Saturday.
That six-race card marked the return of live racing after a one-week break, when horsemen opted not to nominate as a show of their discontent to a $27 million purse increase offer put forward by SVREL.
However, following a productive meeting and constant dialogue, both parties have reached a mutual agreement, paving the way for the resumption of full race cards, as TOBA encouraged its members to support nominations for the meet scheduled on Saturday, July 29, starting on Tuesday, July 25. This will be followed by an action-packed first week of August, featuring three race days in seven days, including the much-anticipated Jamaica Oaks and Jamaica Derby.
In a statement released on Sunday, July 23, TOBA said that having met with SVREL on Monday, July 17, following the Betting Gaming and Lotteries Commission's (BGLC) prior confirmation of the promoting company's 2022 sales figures of $5.32 billion on local racing, TOBA has agreed to continue working with SVREL and the Jamaica Racing Commission (JRC) to implement major initiatives towards negating the annual wrangling over prize monies.
In its statement, TOBA said it hoped that these initiatives, if successfully negotiated and implemented, including returning monies derived from the local-racing industry, will lead to a substantial and sustainable purse- money environment, as exists in other international racing jurisdictions, historically bringing Jamaica in line with North America, the United Kingdom and Hong Kong, jurisdictions which all access and thrive on purses supplemented by other consistent income streams.
This positive development will not only attract horse owners but also boost the excitement and engagement of racing enthusiasts across the country.