Supreme Ventures Racing and Entertainment Limited (SVREL), operators of Caymanas Park, have called for a review of Rule 44 (iii) enforced by the Jamaica Racing Commission (JRC) following the cancellation of two races during the April 27 race meet at Caymanas Park.

In a press conference on Monday addressing the abandoned races, SVREL Executive Chairman Solomon Sharpe expressed frustration with the rule, highlighting its potential impact on the racing industry.

"This rule, unique to Jamaica, imposes a strict five-minute limit after the published post time for races at Caymanas Park," Sharpe stated. "It fails to account for various factors that can delay race starts and penalizes all stakeholders when races are abandoned, affecting punters, jockeys, grooms, trainers, owners, promoters, and the government."

Last year, Caymanas Park contributed over $260 million in combined taxes to the government's coffers. Sharpe urged the JRC to engage SVREL in discussions on Rule 44, emphasizing the need for constructive dialogue to address the rule's impact.

"We were not consulted during the initial discussions on this rule, and now, with two races abandoned in a single race day, our concerns have materialized," Sharpe explained. "SVREL is open to collaborating with the JRC to review and refine this amended rule."

Representatives from the Grooms Association, Jockeys Association, and the United Racehorse Trainers Association echoed SVREL's concerns and supported the call for a review of Rule 44.

Sharpe concluded by appealing to regulators, stakeholders, and the public to support the growth of the horseracing industry in Jamaica. "Horseracing has immense potential in Jamaica and can become a significant foreign exchange earner. Realizing this potential requires collaboration among all stakeholders."

SVREL has been operating Caymanas Park since March 2017 after the government divested the property. With investments exceeding J$4 billion in product enhancements and innovations like the Mouttet Mile, which boasts the largest purse in the English-speaking Caribbean, SVREL remains committed to advancing the horseracing experience in Jamaica.

Supreme Ventures Racing & Entertainment Limited (SVREL) has expressed regret and disappointment following the abandonment of two races during the Saturday, April 27 race day at Caymanas Park in St Catherine, Jamaica.

The decision to abandon these races, SVREL said, was made in compliance with regulations set forth by the Jamaica Racing Commission (JRC), leading to the refund of all related pools according to SVREL's Pari-mutuel rules.

According to the statement released by SVREL late Saturday, the abandonment of races number one and six, respectively, was declared by the stewards of the Jamaica Racing Commission (JRC) due to delays that exceeded the permitted time frame as stipulated by Rule 44(iii).

Specifically, in race number one, scheduled to commence at 12:00 pm, a saddling issue with horse number five and a mandatory veterinary check for horse number eight, which reared and fell after exiting the saddling barn, resulted in delays beyond the allowable limit.

Similarly, race number six, slated for 3:10 pm, was delayed due to a horse running loose, ultimately leading to its abandonment by the stewards of the JRC.

SVREL explained that the recent amendments to Rule 44(iii), which came into effect from April 1, 2024, mandate strict adherence to race start times with a maximum allowance of five minutes after the published post time. SVREL noted that Jamaica is unique in enforcing such a rule without prior consultation with the sole promoter of horseracing in Jamaica.

The enforcement of this rule has led to financial losses for industry stakeholders, including owners, trainers, jockeys, grooms, punters, and the promoter and as such the disruption caused by the abandonment of these races understandably resulted in unrest among stakeholder groups.

Despite the challenges faced, the race meet resumed with race number seven at approximately 4:00 pm, SVREL noted.

SVREL has now issued a sincere apology to valued customers and stakeholders for the inconvenience caused by the abandonment of races one and six by the JRC. SVREL also emphasized its readiness for open dialogue with the JRC and all impacted stakeholders to ensure the continued success and integrity of the horseracing industry.

As the sole promoter of horseracing in Jamaica, SVREL said it remains committed to addressing challenges collaboratively and upholding the highest standards of professionalism and service within the industry.

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.

Supreme Ventures Racing and Entertainment Limited today signed a historic agreement establishing themselves, along with Trinidad’s Arima Racetrack, as the first two Caribbean Track and Pool Operators to participate in The Caribbean Pool. 

The Caribbean Pool is a Caribbean inter-island commingling platform that allows for Caribbean Tote operators to bet into each other, thereby creating bigger pools, bigger profits for its member partners, and most importantly, bigger payouts to its punters. 

The Pool will also facilitate greater cooperation and participation between the Caribbean Pool Operators with the aim of growing local racing both regionally and internationally.

 Chairman of SVL Gary Peart outlined what this agreement means for the company. 

“As we have been able to do for many of our other SVL brands, our goal for SVREL in 2022 is to continue our revenue growth through local, regional and international expansion. The Caribbean Pool aligns perfectly with our vision for the company and as such we are happy to participate as lead partner,” he said. 

With the two largest regional racetracks onboard and an expectation that the Barbados Turf Club will sign on as early as January 2022 and the Royal St Lucia Turf Club joining in as soon as they resume racing in 2022, the Caribbean Pool is set to delight Caribbean racing fans. 

Founder of The Caribbean Pool Kimani Robinson of the Kisero Group also reacted to the agreement.

 “Our vision was to create a new and exciting regional simulcast portal that would generate greater returns for the Caribbean track and pool operators as well as their punters,” Robinson added. 

Robinson, who noted that he first discussed the idea with SVL’s Chairman Peart where both men hammered out the constructs of the legal and technical structure required to make the platform a reality, added that regional merging is the future of horse racing in the Caribbean. 

“Regional commingling is the future of Caribbean horse racing. A regionally commingled platform will create greater relevance and awareness for the sport which means greater economic benefits for all. There is no reason why the Caribbean Pool shouldn’t replicate for horse racing what West Indies Cricket did for regional cricket,” he said. 

In terms of awareness, The Caribbean Pool has formed an alliance with the perfect regional media partners, the Caribbean's Home of Champions, SportsMax, who have agreed to become the home of all things Caribbean Pool and Caribbean Horse Racing.  

SportsMax CEO Nicolas Matthews confirmed that “racing fans will be in for a treat as SportsMax beefs up its Caribbean horse racing coverage via the Caribbean Pool. Given our regional strength, especially in the participating Caribbean Pool countries being contemplated and our ambition of providing our audiences with more of what they want, the Caribbean Pool is a perfect fit for us”. 

Along with coverage on their linear channels SportsMax and SportsMax2, SportsMax will include a dedicated channel within the SportsMax App called "SportsMax Racing" that will provide most of the Caribbean Pool’s racing content. 

“Our team has worked side by side with the Kisero Group for months in making the Caribbean Pool a reality,” commented SVREL CEO Lorna Gooden. 

“We are aggressively on a growth path for 2022 and though we have made significant headway in simulcasting our content internationally, we believe that regional growth for us will be faster and more responsive due to existing familiarity,” Gooden added, before expanding further on what the agreement demonstrates. 

“This agreement is a further demonstration of the commitment and drive of the Board and management at Caymanas Park to expand the product offering available to our punters, to promote and establish Caymanas Park as the horseracing mecca of the Caribbean,” she said. 

The Caribbean Pool is set to start in short order and is hoping to get all clearances and approvals granted for a soft launch over the Christmas holidays.