News & Sports.
CTL and bookmakers row intensifies
The simmering impasse between Caymanas Track Limited and bookmakers has intensified, with the bookmakers to close their outlets across the island for the third consecutive race day, come wednesday.
Like it has been since the raceday of May 5, two-hundred-and-seventy-five outlets owned by the 8 licensed bookmakers, will continue their refusal to sell bets on local racing this wednesday.
A meeting between the board of caymanas track limited and the bookmakers on tuesday, failed to reach a resolution over the increased rights fee of seven percent which the bookmakers have refused to pay.
Despite the protest action by the bookmakers, Franz Jobson, the CEO of Caymanas track limited, says the show must go on.
The Jamaica Racing Commission had granted permission for last Saturday’s 10 race card to be staged on Wednesday, pending the outcome of a meeting between stake holders and minister with responsibility for the horse racing industry, Horace Dalley, on Monday.
And with bookmakers refusing to sell bets on local racing, CTL can expect about 30 million dollars on its sales, a projected loss of about 6-8 million dollars, if the meet was staged last saturday.
Wednesday's 10 race card will featuire the divided "percy martin memorial cup" over 5 furlongs straight.