Shaw hails historic Caymanas divestment

first_img DEVELOPMENT PROJECTS He said the new racing promoter (SVL) is expected to allow for a positive cash flow of approximately $42 million to the operations of the JRC, which will not only be used for regulation, but, in particular, towards development projects. These include the state of the art improvement of the UWI/JRC lab, which conducts drug testing for the horse racing industry; the upgrading of surveillance cameras in the testing barn at Caymanas Park; fully operational Satellite Office at the racetrack in the medium terms that will provide full registration and licensing services, levy contributions and the Establishment of a Stud Farm Development Fund. He also spoke of the planned merger of the Jamaica Racing Commission, Betting Gaming and Lotteries Commission and the Casino Gaming Commission into one entity to create greater efficiency. The handing over of the racetrack to Supreme Ventures will take place on Tuesday, March 7 and it was revealed that a $200 million redundancy package has been set aside for the CTL workers, most of whom will be re-employed by Supreme Ventures Racing and Entertainment Limited to ensure a smooth transition. Shaw said all this has broad significance in the context of government’s policy of rationalisation of the public sector. “What are we doing with all these public bodies?” Shaw asked as he identified as many as 84 that will be considered for divestment. “This is a great day for Jamaica … a great day for Caymanas Track,” declared the Minister, who added that the lottery company’s (SVL) expertise in the gaming industry should transform Caymanas Park into a world class entertainment complex. Also speaking were State Minister in the Finance Ministry, Fayval Williams, as well as Danville Williams and Paul Hoo, who disclosed that Brando Hayden will assume the role of chief operating officer of SVL Racing and Entertainment and Chris Armond, director of racing. A “Historic occasion” was how Finance Minister Audley Shaw described the official signing over of the Government’s divestment of Caymanas Park, between Caymanas Track Limited (CTL) and the new owner Supreme Ventures Limited (SVL) nd Shaw himself at the offices of the Ministry of Finance, Heroes Circle, yesterday. Shaw told the large gathering, including representatives of the new company, Supreme Ventures Racing and Entertainment Limited; the Government’s negotiating team; CTL board members, technocrats and various stakeholders, that with the process complete, it was “a win-win” for the racing industry. Paul Hoo, chairman of Supreme Ventures Limited, signed on behalf of his company, while Danville Walker did likewise in his capacity as CTL chairman. Noting that since 1987, there have been five attempts to divest Caymanas Park, Shaw said with this now a reality, the Government of Jamaica has recognised the importance of the racing industry in the scheme of things. Shaw spoke of numerous advantages not only to the wider industry but to the Jamaica Racing Commission (JRC) and the Betting, Gaming and Lotteries Commission, among other entities.last_img read more

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MEDIA BOX BLOG: ALL GO-GO MOJO AT APPRENTICE HQ

first_imgIt’s all (Mojo) go go this fine Monday in the Media Box HQ. We are busy planning, prepping and getting ready for JSB’s reappearance on the big screen tonight on TV3’s Irish Apprentice at 9pm.Surviving the first boardroom task, “The Hard Sell” which involved selling sandwiches and vitamin drink Vit Hit on Grafton Street, JSB sailed through week one, receiving recognition for her sales skills by her Project Manager and Bill himself. Keeping a low profile, yet providing lots of giggles, our Donegal girl has left a positive and lasting impression that has the nation looking forward to seeing her take to the screens tonight for round two of the Boardroom.However there will be no low profile for Donegal tonight as the county is strongly represented by JSB who will step up as Team Zest’s Project Manager leading an exciting music task that will also feature local talent from Donegal Town, Killybegs and Dungloe – band Mojo Gogo. Tonight’s task sponsored by the Irish Daily Mail challenges both Team Spirit and Team Zest to create a compilation CD, showcasing ten of Ireland’s unique and unsigned talents trying to break into the music industry. Both teams must compliment the CD with an originally designed CD cover, a full-page newspaper ad and full marketing strategy, to be distributed in next week’s Irish Daily Mail.With an overwhelming amount of entries from bands throughout the country, both teams have a choice from the final forty selected by the panel of judges. With the pressure on we look forward to seeing JSB and Team Zest take to Grand Canal Theatre in Dublin tonight to showcase their chosen bands.So will JSB withstand the pressure of being the second Project Manager at Team Zest? Can she bring a bit of edge to team experience and what will Bill say to her in the Boardroom?It seems JSB’s one liners are quickly gathering momentum as this week we hear her motivate her team, declaring “I’m sprinting, are you?” So which team will sing out of tune tonight and meet the wrath of Bill in the Boardroom?Don’t miss out…tune in at 9pm on TV3 to see JSB running in those heels and full of zest.  You can now also watch a repeat of the show on TV3’s newly launched 3Player on www.tv3.ie –so no excuse for not catching up!The Media Box team look forward to keeping you updated on all out upcoming office antics and we would like to wish Joanne the very best of luck tonight!Until next week, keep running in heelsThe Media Box Team xx MEDIA BOX BLOG: ALL GO-GO MOJO AT APPRENTICE HQ was last modified: October 10th, 2011 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

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