In a move that is expected to generate significant recurring revenue for cricket and cricket development in the Caribbean, Cricket West indies and Caribbean Cage have signed a historic long-term long-term agreement.
Caribbean Cage is the largest route operator of video lottery and video gaming terminals and licensed sports betting in the Caribbean and recently launched sports betting operations in Puerto Rico.
The strategic and contract signed by the President of Cricket West Indies, Dr. Kishore Shallow, and the Co-founder and Chairman of the Cage Companies, Robert B. Washington, has been endorsed by eight Caricom governments and will also ensure increased tax revenues for these participating governments.
Commenting on the unprecedented deal, President Shallow expressed,
“This partnership is the culmination of extensive dialogue and strategic planning to secure the future of West Indies Cricket. We have been deliberate in our approach, engaging stakeholders at various levels, including with the CARICOM Prime Ministerial Subcommittee on Cricket, to ensure the broadest consultation on such a pivotal agreement.”
He further added, “The resources generated through this collaboration will not only empower the development of our men’s and women’s teams but also strengthen the cricketing ecosystem across the region. It reflects our shared commitment to rebuilding West Indies Cricket as a global powerhouse and a unifying force for the Caribbean.”
Co-Founder and Majority Shareholder of Caribbean CAGE LLC, Mr. Robert L. Johnson, stated,
“CAGE is elated to be a part of an arrangement that goes way beyond the development of a game. This agreement will go a long way to positively altering the lives of the people of the region, creating greater socio-economic opportunities for all citizens through the game of cricket, which has long been recognized as the region’s metaphor for development. Cricket has brought great glory and recognition to the people of the region, but by so doing it has also created a platform for positive development that this pact fortifies. But more importantly, the CARICOM countries in which we operate will also benefit financially from legalized gaming revenue that will increase their ability to support additional educational, sporting, and cultural activities for their citizens.”
The agreement takes effect from April 1, 2025 and based on projections could be the single largest commercial agreement signed by Cricket West Indies.
