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Camarero Race Track is owned and
operated by Camarero Race Track Corporation (Camarero Group) a
corporation organized under the Laws of Puerto Rico, composed by
local investors who are also horse owners, fully committed to
maintaining Puerto Rico's horse racing industry as leader in the
Caribbean region and taking it to its next level of excellence.
Camarero Group acquired the racetrack on
January 4, 2007 and on the same date was issued a permanent license
to operate the only racetrack in Puerto Rico. Camarero Group
immediately established its Strategic Plan to improve the operations
of the racetrack. It entered into an agreement with Scientific Games
to modernize the Totalisator Communications System for its 700
Off-track-betting parlors (OTB's). In addition, an agreement was
also entered into with Scientific Games to expand the simulcast of
Camarero's Races to the Caribbean Region and other States in
Continental USA.
Camarero Group has already committed
millions of dollars in capital expenditures such as: improvements to
the dirt track, a new State-of-the Art Billboard, and a
$4,000,000.00 program to purchase horses and to grant loans to horse
owners. This extremely successful program began with the April 2007
OBS auction. In addition, improvements to the Barn Area, Clubhouse
and Grandstand are underway.
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