Listen to VITOBA's radio program on WSTA 1340 AM Lucky 13 saturdays at 4 p.m. to 6 p.m. with host Garrett "Shaboo" Ritter and co-host Errol "Skeebo" Rodgers.
VITOBA: Seeking $10 million for territory race tracks and to jump start the industry with $3 million for purses, $5 million for capital projects and $2 million for breeding incentives.
VITOBA has formed a partnership with Virgin Islands CeTec
vocational school to help develop an equine/Racing Industry curriculum
program, which will be the first of its kind in the Virgin Islands.
Virgin Islands the only Racino in the Caribbean!
Governor John De Jongh, as a commitment to developing the thoroughbred racing industry, we are requesting that you send legislation in the form of an amendment to Act 7169 to the legislature redistributing fifteen percent from the forty-five and one half percent to developing the racing industry for the next ten years.
The thoroughbred horse racing industry can be reproduced in any country to a greater or lesser extent depending on respective demographics. Thus creating a new and profitable industry, promoting international awareness and facilitating economic diversification and growth.
The racing industry means Virgin Islands jobs. There are various types of business entities utilized to conduct horse racing and breeding activities, it is important to understand the tax and legal liability implications of each. The racing game suggests that you consult with your tax, CPA, and/or legal advisor before choosing a type of business entity for your equine activity.
Thoroughbred breeding and racing industry is labor intensive, therefore hundreds of people will have full or part-time employment that includes but is not limited to horse owners, trainers, groomers, jockeys, exercise riders, veterinarians and race track attendees. These jobs involve unskilled or semi-skilled workers who may otherwise be unemployed outside the thoroughbred racing industry.
