Mon | Dec 5, 2022

CTL sales improve significantly

Published:Thursday | May 10, 2012 | 12:00 AM

Orville Clarke, Gleaner Writer

Sales continued to skyrocket at Caymanas Park since the bookmakers ceased sales on local racing last Saturday over a rights fees issue with Caymanas Track Limited (CTL).

The handle for yesterday's well-supported 10-race programme stood at $30.4 million, which is considered extraordinary for a midweek programme.

This compared favourably with Saturday's turnover of $36.3 million at Caymanas Park and its 61 Off-Track betting parlours islandwide, and an additional $9.5 million on simulcast racing from North America.

20% increase

"With the bookmakers out, CTL sales have increased by over 20 per cent since Saturday," disclosed Franz Jobson, CEO of Caymanas Track Limited.

"Today, we did nearly $10 million off the first three races, and by the end of the meet we finished in a strong position," he added.

"CTL has an OTB network of 61 outlets islandwide in every parish except Portland, and reports coming from them are quite encouraging. They have increased their volume of sales and the figures for Saturday would have been even higher had many punters not turned up late.

"I'm quite happy with the current situation as the company needs the revenue. Sales still have to improve, but we are looking on the last two days as a positive development," concluded Jobson, who was quick to add that Portland will soon have its own OTB.

Meanwhile, the 2-1 second favourite, FIRST 'K' BOY, ridden by leading jockey Dane Nelson for trainer Gresford Smist, outfinished the 9-5 favourite ANNTRACK by three-quarter length to win the Henry George Harrison Sr Memorial Cup feature over 1300 metres.