A Lesson For “Notes From The Margin” Blog – Who Wasn’t Sure How The Barbados Government “Gets Into” Gambling
Oh, sorry… we forgot that those in the industry like to use the term “gaming”. It sounds so much more wholesome when a person can’t feed their family this week because they blew the money on “gaming” – as opposed to “gambling”.
Another 2,500 machines heading for Barbados? No problem… bring ’em in. They are an excellent life-lesson for the children in how to prosper and manage an economy or the family finances…
From the Jamaica Gleaner…
BET former owner to set up gaming operation in Barbados
Robert Johnson, the former owner and founder of BET, will roll out a new gaming operation in Barbados over the next three years, under a plan to broaden operations across the Caribbean.
Johnson’s RJL Companies, through CAGE Barbados Inc, will establish 2,500 video lottery terminals (VLTs) in Barbados that it has secured a long term contract to install and manage.
CAGE Barbados is a wholly owned subsidiary of RLJ’s gaming division, Caribbean CAGE LLC.
“This long term management agreement is an integral step towards fulfilling our strategy of a significant presence throughout the Caribbeanand Latin America,” said Bob Washington, chairman and CEO of Caribbean CAGE, a company he co-founded with Johnson.
RJL invests in diverse sectors ranging across financial services, real estate, hospitality/restaurant, professional sports, film production, gaming and recording industries.
Caribbean CAGE – whose operation covers installation, operation and management of video lottery terminals, linked gaming systems and game content – already operates VLTs in the Turks and Caicos Islands and St. Kitts. It anticipates to start operating in Barbados by yearend.
The company did not disclose the size of the investment to be made.
“We are pleased to enter into a business relationship with Barbados.
Our ability to drive returns is good for Barbados and good for CAGE,” said Johnson, RLJ chairman.
Caribbean CAGE is based in Puerto Rico, but also has offices in Las Vegas, Nevada.
… read the original article at the Jamaica Gleaner (link here)
Previous Story On This Topic…
Owen Arthur Government Targets Bajan Wallets With 2,500 New Video Lottery Terminals – “A Tax On Stupid People”