Wed | Aug 23, 2017

SVREL boss encouraged by progress at Caymanas

Published:Saturday | April 22, 2017 | 4:00 AM
From left: Brando Hayden, chief operating officer, Supreme Ventures Racing and Entertainment Limited (SVREL); Simone Clarke Cooper, vice president marketing at Supreme Ventures Limited; David Reid, business development manager, Grace Foods and Denzil Miller, racing secretary, SVREL at the cheque handover for the Caribbean Choice Jamaica Oaks. The presentation took place at Caymanas Park on Thursday.


Chief Operating officer at Supreme Ventures Racing and Entertainment Limited (SVREL), Brando Hayden, says he is very encouraged by the progress made at Caymanas Park since SVREL assumed operations.

Hayden, who was speaking at the press launch for the 78th running of the Jamaica Oaks at Caymanas Park on Thursday, provided an update on the commitments made by the parent gaming company, Supreme Ventures Limited (SVL), prior to the March 7 takeover and the progress made since the new company took charge.

"As you know we have increased purses by $100m, reduced the time it takes for stakeholders to receive their purse payments, and opened up the grandstand for free admission," he said.

He also pointed to the improvements currently being made to the track infrastructure with the painting of the grandstand now under way. The resanding of the track and bridle paths where the horses walk to and from the stables is slated to commence in two weeks.

"As I mentioned at the last launch we had for our previous major race day, the Jamaica 1000 and 2000 Guineas, there is much to be done, but we are up to the task. We are very encouraged by the progress made, feedback received and also by the support from all our stakeholders," he said.

SVREL, a wholly-owned subsidiary of SVL, is now well out the gates, having staged a successful Jamaica 1000 and 2000 Guineas on April 8. Hayden says it was a record day in terms of revenue for the event in its 43-year history.

SVREL now turns its attention to Saturday, April 29 for the Jamaica Oaks, when native-bred three-year-old fillies will vie for the Hilma Veira Trophy and a piece of the $3 million purse. SVREL racing secretary, Denzil Miller, says the race day will as usual be Ladies Day, with female patrons expected to don their best race-day fashion, featuring eye-catching hats reminiscent of the Royal Ascot race meet in the United Kingdom.

For the second year in a row, Caribbean Choice, a GraceKennedy company, will sponsor the event. David Reid, business development manager at Grace Foods and Services, says punters and spectators will have a chance to sample Caribbean Choice Foods and purchase items under the brand at a special price. Persons will also get the chance to sign up for GraceKennedy's mobile money effort, GKMPay on the day. In classic race day style, GraceKennedy will also have prizes for the best dressed patrons.