KINGSTOWN, St Vincent, CMC – Cricket West Indies (CWI) and Caribbean Cage have signed a historic long-term strategic alliance and contract to generate important recurring income for cricket and cricket improvement within the Caribbean.
The ten-year partnership that ICOM governments have endorsed is projected to generate practically US$100 million for cricket improvement throughout the area.
The settlement takes impact from April 1, 2025, and also will guarantee elevated tax revenues for these taking part governments.
The long-term settlement was signed by CWI president Dr Kishore Shallow and Robert B. Washington, co-founder and chairman of CAGE Firms, earlier this week throughout CWI’s quarterly press convention.
Caribbean CAGE is the biggest route operator of video lottery, video gaming terminals, and licensed sports activities betting within the Caribbean. It just lately launched sports activities betting operations in Puerto Rico.
“I feel, on a conservative foundation, it generates an estimated US$100 million for CWI and one other US$156 million for the governments that take part in this system,” Dr Shallow revealed.
“For the final 20 years, there have been efforts to determine a regional lottery that might fund West Indies cricket, and we’re fairly completely satisfied and ecstatic to appreciate that concept. I need to say to Mr. Robert Washington and his crew at CAGE how grateful we’re.
“The assets generated by means of this collaboration will empower the event of our males’s and ladies’s groups and strengthen the cricketing ecosystem throughout the area.
“It displays our shared dedication to rebuilding West Indies cricket as a worldwide powerhouse and a unifying drive for the Caribbean,” he added.
Mr. Robert L. Johnson, co-founder and majority shareholder of Caribbean CAGE LLC, expressed his pleasure concerning the new partnership.
“CAGE is elated to be part of an association that goes method past the event of a recreation.
“This settlement will go a protracted solution to positively altering the lives of the folks of the area, creating larger socio-economic alternatives for all residents by means of the sport of cricket, which has lengthy been acknowledged because the area’s metaphor for improvement,” Johnson stated.
“Cricket has introduced nice glory and recognition to the area’s folks, however it has additionally created a platform for constructive improvement that this pact fortifies. However extra importantly, the CARICOM international locations by which we function may also profit financially from legalized gaming income, rising their capacity to assist extra instructional, sporting, and cultural actions for his or her residents.”
