|
On January 11, 2001, a licence was granted by the
Betting, Gaming and Lotteries Commission to Supreme Ventures, to promote and
conduct three specific lottery games under strict rules and regulations
established by the Commission. The licence granted by the Commission is valid
for 10 years. The Company has since received an extension of its licence to the
year 2016.
The Company began operations on June 25, 2001 with two out of the
three lottery games that it was licensed to offer. The games were “Cash
Pot” and “Lucky5”. The third game, Dollaz!, was launched on
January 20, 2003.
During its relatively short tenure, Supreme Ventures has
earned the enviable reputation of being one of the leading and more dynamic
companies in Jamaica.SVL acquired 100% of the shareholdings in the Jamaica
Lottery Company (JLC) in December 2003, thus gaining a larger foothold in the
gaming industry with sales in 2004 exceeding $12 Billion.The company has grown
significantly since the acquisition of JLC.With a labour force of approximately
300 persons, over 900 lottery terminals island wide and with a total of 5
lottery games, the popularity of our products has increased as everything is
now all “under one roof.”There are the original SVL games: Cash Pot,
Dollaz and Lucky 5 as well as the game operations for the Lotto and Pick 3 for
which the Jamaica Lottery Company holds licences.The other JLC - Instant games
was re-launched in March 2005, under the brand name WinQuick.
The company
operates 6 Regional Retail Centres across the island.
Supreme Ventures,
which began operating four years ago, last year acquired its competitor,
Jamaica Lottery Company. Early 2003, the company faced a significant decine in
revenues after finance minister Dr Omar Davies imposed a 15 per cent tax on the
winnings of wagerers. The tax was eventually removed, and the company
immediately began to recover its revenue base.
 Supreme Ventures Limited Announce
Unaudited Consolidated Financial Statements 30th April 2009
Report of the Board of Directors Unaudited Financial Statements
30th April 2009
JAMAICA (June 12, 2009) -- The Board of Directors
of Supreme Ventures Limited (SVL) presents the unaudited financial results for
the half-year period 1st November 2008 to 30th April 2009. Despite the
challenging economic environment and the impact of the global recession, the
company is appreciative of the public’s support for its products and
services, resulting in a 13.15% increase in revenue over the corresponding
period in 2008......................Subscribers
Supreme Ventures Launches Telebetting
Facility
Supreme Ventures has now added the
convenience of placing wagers for the Lotto, Pick3 and Cash Pot games via
telephone
JAMAICA (June 17, 2009) -- Jamaican gaming company
Supreme Ventures Limited (SVL) has positioned itself to capitalise on an
amendment made by Government to facilitate phone
betting.......................Subscribers
Lottery and gaming Company Supreme
Ventures Sees Improvement From Restructuring
JAMAICA (June
14, 2009) -- Considerably less players left their winnings from popular lottery
games such as Cash Pot and Lotto uncollected during the three months that ended
April 30, 2009, and gaming company Supreme Ventures Limited (SVL)
..................Subscribers
INTRALOT Ups SVL Shareholding to Seven Percent, But Intends to
Eventually Grow Its Holding to Ten percent
KINGSTON, Jamaica
(April 1, 2009) – According to local media reports Supreme Ventures
Limited (SVL) chairman, Paul Hoo said INTRALOT, the gaming systems provider which
Supreme Ventures Limited (SVL) is using to manage its planned foray in sports
betting, has taken up seven per cent of the Jamaican company's shares, but will
eventually grow its holding to 10 per cent.................Subscribers
SVL
Top Shareholders Stand To Make J$212-m From Dividend
Pay-Out
JAMAICA (March 27, 2009) – According to a local
media report when Supreme Ventures Limited (SVL) returns $343 million of
capital to shareholders this May, the company's top three
shareholders...............Subscribers
Supreme Ventures Bets on Pan-Caribbean 'Super Lotto' Game -
Starting Jackpot US$2m
JAMAICA (March 27, 2009) - -In a bid
to bolster flat revenues and sagging profits, listed gaming company Supreme
Ventures Limited (SVL) has unveiled plans to launch in four months a US dollar
lottery game across six Caribbean countries.................Subscribers
Gaming company Supreme Ventures Posts Lower Profit In First
Quarter
JAMAICA (March 20, 2009) -- Gaming company, Supreme
Ventures Limited (SVL), has recorded depressed first quarter results showing
net profits tumbling 19.56 per cent in the period to the end of January,
reflecting anaemic revenue growth and burgeoning pay-outs particularly on its
Cash Pot lottery game..................Subscribers
Supreme Ventures Posts $172.94M Net Profit For First Quarter
2009
KINGSTON, Jamaica (March 17, 2009) -- The Board of
Directors is pleased to present its unaudited financial results for the first
quarter, covering the period 1st November 2008 to 31st January
2009....................Subscribers
Economic Crisis Puts Damper on Local Gambling
Industry
JAMAICA (March 15, 2009) -- The local gaming
industry is bracing for the worst in the ongoing economic meltdown that has
cost some industry players up to a third of gambling revenues over the past six
months. According to provisional statistics provided by the Betting, Gaming & Lotteries Commission (BGLC) the
industry posted a flat performance last year. Total gross profit across the
industry's betting, lotteries and gaming (gaming lounges and machines)
subsectors were................Subscribers
Major
SVL Shareholder Dumps Shares
JAMAICA (March 11, 2009) --
Close to 200 million shares, or 7.5 per cent in Supreme Ventures Limited (SVL)
was sold across the floor of the Jamaica Stock Exchange (JSE) yesterday at
nearly half the price of the year-to-date high.............Subscribers
Supreme Ventures Sued Over Debt
Repayment
JAMAICA (January 16, 2009) – Supreme Ventures
Limited (SVL) has been sued by an international company that SVL transacted
business with before it went public three years ago.................Subscribers
INTRALOT Acquires 80 Million Shares in
SVL
JAMAICA (January 16, 2009) –
INTRALOT, a Greek company that
Supreme Ventures Limited (SVL)has taken on as
partner in a sports betting deal, has acquired 80 million SVL shares or just a
smidgen above three per cent of the gaming and lottery company's
equity..................Subscribers
SVL
Pulls Bingo Game
JAMAICA (December 31, 2008) -- Supreme
Ventures Limited (SVL), which has experienced a mixed year with declining
profits in one quarter blamed on a stale economy, has taken the decision to
discontinue its Daily Bingo game effective January 10................Subscribers
Supreme Ventures Releases Audited Financials For 31st October
2008
JAMAICA (December 19, 2008) – The Board of
Directors of Supreme Ventures Limited (SVL) is pleased to release the audited
results for SVL and its subsidiaries for the financial year ended 31st October
2008..............Subscribers
Gaming Company Expects $15m Starting Jackpot to Boost Lotto
Revenues
JAMAICA (November 5, 2008) -- Gaming company,
Supreme Ventures Ltd (SVL) says that doubling the starting lotto jackpot to $15
million will increase its revenues.............Subscribers
Prime
Minister Criticized for Planning to Shut-Down Gaming Industry...as Jamaican
Lotteries Company Listed Locally
PORT OF SPAIN, Trinidad
(October 17, 2008) -- Economist Robert Mayers yesterday criticised Prime
Minister Patrick Manning's decision to do away with the gaming
industry...............Subscribers
Supreme Venture Enlist on T&TSE
JAMAICA
(October 16, 2008) -- Another Jamaican company will officially cross-list its
shares. Supreme Ventures Limited will on Thursday list its shares on the
Trinidad and Tobago Stock Exchange...............Subscribers
Supreme Ventures & INTRALOT To Pursue Sports Betting In
Jamaica
JAMAIC A (October 14, 2008) -- The Directors of
Supreme Ventures Limited (SVL) are pleased to announce that the company’s
plans for Sports Betting in Jamaica have been formalized with
INTRALOT. Paul Hoo, Chairman of the Board
of SVL said................Subscribers
INTRALOT Signs Sports Betting Contract In Jamaica &
Acquires A Stake In Supreme Ventures Limited
ATHENS, Greece
(October 13, 2008) -- INTRALOT S.A.
announces that, through its wholly owned subsidiary INTRALOT Jamaica, it will
launch the operation of Fixed Odds Betting in Jamaica. The duration of the
contract is 10 years with possible extensions............Subscribers
Supreme Ventures Files For Cross-Listing on T&T
Exchange
JAMAICA (September 24, 2008) -- Supreme Ventures
Limited (SVL) has now filed its application for the cross-listing of its shares
on the Trinidad and Tobago Stock Exchange (TTSE)..................Subscribers
Jamaica Lottery Company Planning to List on Trinidad and
Tobago's Stock Exchange
PORT OF SPAIN, Trinidad & Tobago
(September 17, 2008) -- A Jamaican lottery company is planning to list on
Trinidad and Tobago's Stock Exchange.............Subscribers
Supreme Ventures take $150-million hit from
Gustav
JAMAICA (September 7, 2008) -- Gustav cost Supreme
Ventures Ltd $150 million in lost sales, when it shut down its system for the
storm's passage. Over the period some Cash Pot gamblers were upset that they
could not place weather-inspired bets with the closure...............Subscribers
CMMB
to Arrange Cross-Listing of Supreme Ventures
JAMAICA (July
2, 2008) -- Lottery company Supreme Ventures Limited (SVL) has hired CMMB
Securities Limited (CMMB) to arrange the cross-listing of its shares on the
Trinidad and Tobago Stock Exchange...................Subscribers
Report of the Board Of Directors -- Unaudited Financial
Statements 30th April 2008
KINGSTON, Jamaica (June 13, 2008)
-- The Board of Directors is pleased to present its unaudited financial results
for the half year period 1st November 2007 to 30th April
2008...............Subscribers
Gaming Company Sees 52% Jump in
Profit
JAMAICA (June 16, 2008) -- Despite a challenging
economic climate Supreme Ventures Limited managed to record improved financial
results for the six month period ended April 30...............Subscribers
Supreme Ventures To Pay First Dividend As A Listed Company;
Announces Board Appointment
KINGSTON, Jamaica (May 16, 2008)
-- The Board of Directors of Supreme Ventures Limited (SVL) in a meeting on May
15, 2008 considered a resolution to pay an interim dividend to its
shareholders.............Subscribers
SVL
Shelves Expansion Plans
JAMAICA (May 3, 2008) -- Supreme
Ventures Limited (SVL) has shelved all expansion plans, and has replaced its
capital-investment program with a promise to pay big dividends to shareholders,
.................Subscribers
SVL Reports Un-audited
Financial Statements 31st January 2008
JAMAICA (March 14,
2008) -- Supreme Ventures Limited’s net profit after tax of $215M for the
first quarter represents an over 300% increase, when compared to the
corresponding period last year of $68.15M. When compared to the 4th quarter of
the last financial year (August to October 2007), the net profit after tax for
this period under review also shows and upward trend of 25.8% in
performance...................Subscribers
Supreme Ventures 1Q
Profit Up 300%
JAMAICA (March 18, 2008) -- Supreme Ventures
Limited's first quarter profit increased by a whopping 300% to $215
million..............Subscribers
SVL Looks to List in
Trinidad; Plans to Discuss Partnership with a European Lotto Company --
President and CEO
SVL Positioning Itself As A High-Yielding
Dividend Stock
JAMAICA (February 22, 2008) -- Speaking at the Mayberry
Investments Limited investor seminar on Wednesday the President and chief
executive officer of Supreme Ventures Limited (SVL) told the audience that
earlier in the day.................Subscribers
Supreme Ventures
Predicts Increase in Profits
JAMAICA (January 22, 2008) --
Supreme Ventures Limited is predicting a sharp increase in after tax profits
for its 2008 financial year...............Subscribers
Flagship Lottery Game
Whittles Down SVL Profits, Online Bingo Starts October
JAMAICA (September 19, 2007) -- Executives at Supreme Ventures Limited
(SVL) still have not identified the reason why its flagship game - Cash Pot -
saw an increase in prize payout during the three months ending July
31............................Subscribers
Lotteries and Gaming
Giant Eyes Foreign Markets
JAMAICA (June 15, 2007) –
Lotteries and gaming giant Supreme Ventures' leading principals have always
made it clear that it wanted to operate on foreign shores and that Jamaica
would be just another territory where it enjoyed a
presence........................Subscribers
Lottery and Gaming
Company Reports Strong Performance - Predicts Good Third
Quarter
JAMAICA (June 13, 2007) -- Supreme Ventures Limited
(SVL) has reported a strong six-months performance, in which revenue grew by 15
per cent, to $9.1 billion......................Subscribers
Randomaker® Graphics
System Comes on Stream in Guatemala
UNITED KINGDOM (May 15,
2007) -- Randomaker’s groundbreaking Graphics System has been successfully
launched in Guatemala. The UK company’s unique animation and broadcasting
system has been selected by Supreme Gaming Ltd, Guatemala’s new lottery
operator, to enliven the TV draws of its two games, La Gran Loto and El
Suertudo. The first draws took place at the end of April
2007.............................Subscribers
Chairman Says Company
Must Diversify Out Of Traditional Lottery Games To Ensure Long-Term Sustainable
Growth And Profitability
JAMAICA (April 5, 2007) --
Speaking at the firm's annual general meeting held on Tuesday, Brian George,
Supreme Ventures Limited (SVL) president told shareholders that because of
recent developments the firm's planned expansion within the Caribbean region
has been put on hold.............................Subscribers
Gaming/Lottery Company
Targets Central America for Expansion
JAMAICA (April 5,
2007) -- Speaking at the firm's annual general meeting held on Tuesday, Brian
George, Supreme Ventures Limited (SVL) president told shareholders that because
of recent developments the firm's planned expansion within the Caribbean region
has been put on hold.........................Subscribers
Lottery, Gaming
Company’s Profits Fail to Keep Pace With Revenues in Last Financial
Year
JAMAICA (April 4, 2007) -- According to news
sources,’ Supreme Ventures’ (SVL) president and CEO, Brian George,
told SVL shareholders at the company's annual general (AGM) meeting on Tuesday
that company's profits have.........................Subscribers
Lottery’s Expansion
Plans Put on Hold, Again
JAMAICA (April 4, 2007) -- Supreme
Ventures’ (SVL) plan to participate in the U.S.
Powerball lottery Bloc have been cancelled
because of restrictions imposed by the member states of the
Multi-State Lottery Association
(MUSL).................................Subscribers
Lottery, Gaming Company
Sees Revenues Up, But ‘Cash Pot’ Payouts Impact
Profits
JAMAICA (March 23, 2007) -- Supreme Ventures’
un-audited financial statements reveal an increase in revenue to J$4.5 billion
for the first quarter-period November 2006 to January
2007........................Subscribers
Lottery and Gaming
Company Looks to Regional Expansion to Grow Shareholder Value
JAMAICA (November 1, 2006) – Supreme Ventures (SVL) has reportedly
engaged the services of UBS Investment Bank as it looks to develop new revenue
streams and look for new markets outside of
Jamaica...................................Subscribers
Lottery Company
Expanding To Central America
JAMAICA (September 20, 2006)
-- Supreme Ventures Limited (SVL) is reported to have secured a deal with its
technology partner GTECH and Guatemalan firm Supreme Gaming Limited, as a first
step in its thrust into the Central American
market...................................Subscribers
Gaming and Lottery
Company’s Two Largest Shareholders Transfer $3 Billion Shares to Family
Trust
JAMAICA (July 2, 2006) – Supreme Ventures’
two largest shareholders have reportedly transferred their shareholding to a
trust......................Subscribers
Supreme Ventures Reports
Increased Revenues
JAMAICA (June 16, 2006) -- For the
six-month period ended April 30, 2006 Supreme Ventures unaudited financial
statements (the first since it listed on the Jamaica Stock Exchange in January
of this year) show the company posted a net profit of
.................................Subscribers
Lottery Company’s
Share Price Tumbles
JAMAICA (March 1, 2006) -- Lottery
company Supreme Ventures' (SV) stock price is reported to have dropped by
............................Subscribers
Company Rumoured to be
Close to Finalizing Guatemala Lottery Contract
JAMAICA
(March 1, 2006) -- Supreme Ventures (SV) is reportedly very close to reaching
an agreement with the Guatemala Government to manage the country's lottery
operation................................Subscribers
Lottery/Gaming
Company’s Share Offer Opens
JAMAICA (January 11, 2006)
– The public offering of shares in Supreme Ventures Limited (SVL) gives
the average Jamaican an opportunity to invest in a good long-term
investment............................Subscribers
|
