The Cabinet invited five persons who have an interest in re-developing the Antigua Turf Club, where horse racing normally takes place.

They believe that the location is ripe for development, now that the legal battles over the lease have ended.

The foreign investor, from the US Virgin Islands, is primarily a casino operator who agrees to transfer Fifteen Percent of all profits on their casino operation with the Antigua Turf Club and to invest Five Million US Dollars in its upgrade immediately.

They will make arrangements to house eighty horses and will generate over fifty jobs for nationals of Antigua and Barbuda.

The Investors will also partner with other turf clubs in the Caribbean, moving horses from one place to another, in order to encourage off-track-betting.

They estimate that it will be a very successful operation and the races will attract nationals and tourists alike, especially the seven hundred and fifty thousand cruise tourists expected to travel to Antigua and Barbuda annually and in each of the following years.