Culture, Youth and Sport Minister, Charles Ramson, introduced the Guyana Horse Racing Authority Bill 2024 in the National Assembly to establish a regulatory framework for the industry. The bill aims to address major disputes that have occurred in the industry in the past years. A governing board will be created to represent the Horse Racing Authority, consisting of five to seven members with expertise in law, business, horse racing, or related fields. The chairperson will be appointed by the Minister, while the vice-chairperson will be elected by board members.
The bill seeks to bring structure and oversight to the horse racing industry in Guyana by establishing a governing board to act on behalf of the Horse Racing Authority. This board will be responsible for regulating and overseeing the industry, ensuring fair practices and resolving disputes that may arise. By appointing members with relevant experience and expertise, the board aims to bring transparency and professionalism to the industry, promoting its growth and development.
The creation of the Guyana Horse Racing Authority Bill 2024 represents a significant step towards formalizing and regulating the horse racing industry in the country. With the establishment of a governing board and clear guidelines for operation, the industry is expected to see improvements in governance, transparency, and overall management. This bill aims to create a more structured and organized environment for horse racing in Guyana, ensuring its sustainability and growth in the years to come.
