Minister Gopee-Scoon says Government supports the development of the King of Sport but…… HORSE RACING REQUIRES VISIONARY LEADERSHIP

97

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
sport.”
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
activities”.
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
consideration.”