Trade and Industry Minister Paula Gopee-Scoon (under whose portfolio racing falls) has assured stakeholders of the racing industry that her Ministry is ready to support the development of horse racing in Trinidad and Tobago.
Speaking at the recent Jetsam Awards function for the equine stars of 2019, Minister Gopee-Scoon acknowledged the meaningful contribution that the horse racing industry provides to the national economy, directly and indirectly.
She noted, however, that “the current state of racing in T&T requires visionary leadership, commitment and a collaborative effort by all industry stakeholders to address the challenges which may negatively impact the long term sustainability of the
The Trade Minister said her ministry has been engaging in consistent consultations with the Betting Levy Board (BLB), Arima Race Club (ARC), and the Trinidad and Tobago Racing Authority (TTRA) to ensure the effective implementation of initiatives focused on generating additional income by diversifying the revenue streams, improving local horse racing facilities, fostering better partnerships to attract private sector investment and increasing the horse population to allow for more frequent
She commended the efforts of the TTRA on its current initiatives focused on improving testing services, the enforcement of the rules and conditions of racing and updating the racing rules.
The Minister informed the stakeholders present that the Government is aware that legislation including the enactment of the Gambling (Gaming and Betting Control) Bill, will contribute to stakeholders’ ongoing intention to grow racing locally. As such, she said, “as an administration we are committed to creating a modern legal and regulatory framework for gaming, gambling and betting and this important legislation is currently before Parliament for