CRICKET WEST INDIES AND CARIBBEAN CAGE LLC (MAJORITY OWNED BY THE RLJ COMPANIES) SIGN A LANDMARK LONG-TERM AGREEMENT PROJECTED TO GENERATE ALMOST $100 MILLION IN REVENUE FOR CRICKET DEVELOPMENT IN THE CARIBBEAN

CARIBBEAN CAGE LLC (the "CAGE Companies") is the Premier Route Operator of Video Lottery and Video Gaming Terminals and Licensed Sports Betting in the Caribbean Community and Recently Launched Sports Betting Operations on Puerto Rico

KINGSTOWN, Saint Vincent and the Grenadines and BETHESDA, Md., Dec. 17, 2024 /PRNewswire/ -- The long-term agreement, signed by the President of Cricket West Indies, Dr. Kishore Shallow, and the Co-Founder, Chairman & CEO of the CAGE Companies, Robert B. Washington, which strategic alliance was unanimously endorsed by the CARICOM Prime Ministerial Sub Committee on Cricket ("PMSC"). Several other Prime Ministers were present during the PMSC meeting in Guyana and offered their endorsement of the proposed CWI/CAGE agreement.

Commenting on the unprecedented deal, President Shallow expressed, "This agreement is the culmination of extensive dialogue and strategic planning to secure the future of West Indies Cricket.  We have been deliberate in our approach, engaging stakeholders at various levels, including discussions with the CARICOM Prime Ministerial Subcommittee on Cricket, to ensure the broadest consultation on such a pivotal agreement." He further added, "The resources generated through this collaboration will not only empower the development of our men's and women's teams, but also strengthen the cricketing ecosystem across the region. The strategic alliance reflects our shared commitment to rebuilding West Indies Cricket as a global powerhouse and a unifying force for the Caribbean. Community"

Caribbean CAGE is the premier route operator of video lottery and video gaming terminals and licensed sports betting in the Caribbean and recently launched sports betting operations in Antigua and Barbuda, Barbados, Guyana, Saint Lucia and Puerto Rico.

Co-Founder and Majority Shareholder of the CAGE Companies, Mr. Robert L. Johnson, stated, "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. Cricket has brought great glory and recognition to the people of the region, but by so doing 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 that will increase their ability to support additional educational, sporting, and cultural activities for their citizens."

The Caribbean CAGE Chief Executive Officer, Bob Washington, who has worked in the region for the past forty (40) years with various Caribbean governments, sporting organizations, and private sector commercial entities in the region, also expressed "his satisfaction with the agreement" and spoke of the "confidence he had in the groundbreaking deal." CEO Washington also stated that "West Indies Cricket, through this tripartite agreement and understanding, would go a long way to once again ruling the cricketing world."

CEO Bob Washington concluded: "The novel deal and technological first in Sports Betting and iGaming for the region, will aid and assist the region in eliminating the large unlicensed operator markets who take bets and pay prizes in the Caribbean Community without being properly licensed or paying taxes or gaming license fees to the governments of the Caribbean Community."

The Sports Betting, Virtual Sports and iGaming games and operations contemplated under this agreement commence from 01 April 2025 and based on forecasted revenues could be the single largest commercial agreement signed by Cricket West Indies.

About Cricket West Indies

Cricket West Indies is the governing body for all professional and amateur cricket, from the West Indies international teams to tournaments such as the West Indies Championship (4-Days), T20, the one-day Super50 Cup and the women's T20 Blaze, in the 15 English-speaking Caribbean countries that form the West Indies. CWI's "West Indians First" policy aims to develop and utilize regional expertise and knowledge, and to support the best quality coaching, umpiring, sports medicine, administration, and other cricket-related expertise.  The West Indies international team, the West Indies, is unique in cricket and in international sport. It is the only team in cricket that represents a group of sovereign nations, drawing on the strength, skills and passion of each nation to unite through cricket and take on the world. Cricket West Indies is based in St John, Antigua, West Indies.

About The RLJ Companies
The RLJ Companies, founded by Robert L. Johnson, is an innovative business network that provides strategic investments in a diverse portfolio of companies. Within The RLJ Companies portfolio, Johnson owns or holds interests in businesses operating in a publicly traded hotel real estate investment trust; private equity; financial services; asset management; automobile dealerships; entertainment; and video lottery terminals ("VLT") and sports betting, virtual sports and iGaming. The RLJ Companies is headquartered in Bethesda, MD. Prior to founding The RLJ Companies, Johnson was founder and chairman of Black Entertainment Television ("BET). "

For more information visit: www.RLJcompanies.com.

About Caribbean CAGE LLC
Caribbean CAGE LLC is a gaming company focused primarily on the installation, operation and management of video lottery and video gaming terminals, linked gaming systems and game content including Sports Betting, Virtual Sports and iGaming throughout the Caribbean and Latin America.  Caribbean CAGE LLC was co-founded by Robert L. Johnson and Robert B. Washington in 2004 for the purpose of bringing superior Video Gaming Terminals and Gaming Machines, central computer systems and exciting, new downloadable game content to targeted Latin America and Caribbean countries with the goal of enhancing local economies and creating local entrepreneurial and employment opportunities.  Caribbean CAGE LLC is headquartered in St. Thomas, US Virgin Islands with offices and operations in Antigua and Barbuda, Barbados, Republic of Guyana, the Dominican Republic, St. Kitts and Nevis, Saint Lucia, Las Vegas, and Puerto Rico.

SOURCE The RLJ Companies