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Chukka inks tour deal with Caymanas Park

Caymanas Park will soon offer new tours in association with Chukka Caribbean Adventure Limited as the Supreme Ventures Limited (SVL) loss-maker adds another business line.

Caymanas Park has signed a MoU with Chukka Caribbean to offer tours.

SVL announced today, July 7, that  its wholly-owned subsidiary and the operator of Caymanas Park, Supreme Ventures Racing  and Entertainment Limited (SVREL), entered into a Memorandum of Understanding on June 18, 2020 with Chukka  for tours to be offered at Caymanas, Jamaica’s horseracing center

SVL said the partnership is geared towards the “marketing and promotion of Caymanas to the guests and clients of Chukka as an attractive destination.

Supreme Ventures Limited’s subsidiary SVREL owns and operates Caymanas.

“The parties look forward to a successful partnership in this regard, and to the benefits which this joint effort will bring,” it stated.

Other tours offered by Chukka include river tubing, horseback riding, rafting and zip line canopy tours across the island.

Caymanas features horseracing breeding facilities which are central for the Caribbean region.

Race days are Saturday, Wednesday, most public holidays and sometimes on Fridays and Sundays. Special race days include the Triple Crown, the Gold Cup, the Superstakes and the Diamond Mile.

Caymanas saw losses of more than J$200 million in 2019.

In March 2017, Caymanas Park’s management was taken over by Supreme Ventures Racing and Entertainment Limited. After the acquisition of the track, SVREL invested billions in rebranding and overhauling the Tote system.

SVL has also initiated the expansion of Off Track Betting network, to include, expanding racing signals in South and North America as well as the European markets.

However, Cayamans is a lossmaking segment for SVL. In 2018 losses amounted to over J$300 million. Losses for 2019 were down to $214 million.

The performance of the sector runs counter to other business segments for Supreme Ventures Limited (SVL),  which for the year ended December 31, 2019, reported a 17 per cent increase in total gaming revenue’ from $32.94 billion in 2018 to $38.52 billion in 2019.