Cricket West Indies and Caribbean CAGE Sign Historic Partnership

Historic Partnership to Generate Significant Revenue for Cricket Development

Cricket West Indies (CWI) and Caribbean Cage have signed a historic long-term strategic alliance and contract to generate significant recurring revenue for cricket and cricket development in the Caribbean.

The 10-year partnership that ICOM governments have endorsed is projected to generate nearly US$100 million for cricket development across the region.

The agreement takes effect from April 1, 2025, and will also ensure increased tax revenues for these participating governments.

Partnership Details

The long-term agreement was signed by CWI president Dr Kishore Shallow and Robert B. Washington, co-founder and chairman of CAGE Companies, earlier this week during CWI’s quarterly press conference.

Caribbean CAGE is the largest route operator of video lottery, video gaming terminals, and licensed sports betting in the Caribbean. It recently launched sports betting operations in Puerto Rico.

Impact on Cricket Development

“I think, on a conservative basis, it generates an estimated US$100 million for CWI and another US$156 million for the governments that participate in the program,” Dr Shallow revealed.

“The resources generated through this collaboration will empower the development of our men’s and women’s teams and 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,” he added.

Caribbean CAGE’s Perspective

Mr. Robert L. Johnson, co-founder and majority shareholder of Caribbean CAGE LLC, expressed his excitement about the new partnership.

“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,” Johnson said.

“Cricket has brought great glory and recognition to the region’s people, but 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, increasing their ability to support additional educational, sporting, and cultural activities for their citizens.”

Conclusion

This historic partnership between Cricket West Indies and Caribbean CAGE marks a significant milestone in the development of cricket in the Caribbean. The partnership is expected to generate significant revenue for cricket development across the region, empowering the development of men’s and women’s teams and strengthening the cricketing ecosystem.

FAQs

Q: What is the duration of the partnership?
A: The partnership is a 10-year agreement.

Q: What is the expected revenue generated by the partnership?
A: The partnership is projected to generate nearly US$100 million for cricket development across the region.

Q: How will the revenue be utilized?
A: The revenue generated will be used to empower the development of men’s and women’s teams and strengthen the cricketing ecosystem across the region.