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Supreme Ventures Ltd
Address: Supreme Ventures Limited The LOJ Centre, 4th Floor 28 - 48 Barbados Avenue Kingston 5
Postal/Postboks Address:  
Internet: http://www.supremeventures.com/
E-mail Address: mailbox@svljamaica.com
Phone: (876) 754-6526
Fax: (876) 754-2143
Population: 2.8 million
Chairman:
President & CEO:
Paul Hoo
Brian George
Year Lottery Founded: 2001
Sales FY 2006: $15,947.79
Number of Employees: 66
On-line Vendor: GTECH
Internet Gaming System:  
Instant Ticket Vendor:  
ITVMs:  
Games Offered: Lotto, Pick3 and Three Way Drop Pan, Cash Pot, Lucky 5 and Dollaz games.
Beneficiaries:  
Jurisdiction: Public, JAM:SVL

Background Information

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.

Lottery News 2008

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

Lottery News 2007

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 News 2006

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

Lottery News 2005

Lottery, Gaming Company Postpones IPO, Details Future Expansion Plans
JAMAICA (November 25, 2005) – Jamaica's premier gaming company Supreme Ventures Limited (SVL) has reportedly put back its Initial Public Offering (IPO) to..........................Subscribers

GTECH Signs Five-Year Contract Extension with Supreme Ventures in Jamaica
WEST GREENWICH, Rhode Island, USA (November 15, 2005) -- GTECH Holdings Corporation today announced that its wholly-owned subsidiary, GTECH Corporation, has signed a five-year contract extension with Supreme Ventures Limited...........................Read the full story at: Vol.33 No.8

Supreme Targets $20 Billion 'Gaming Lounge' Market
JAMAICA (July 20, 2005) - Supreme Ventures announced that its $1.8 billion private placement was heavily oversubscribed..........................Subscribers

Lottery Company Gets Cash for Expansion
JAMAICA (July 19, 2005) -- The $1.85 billion private placement of the Jamaican lottery company, Supreme Ventures Limited (SVL), shares reportedly attracted over $5 billion in support when it opened yesterday...............................Subscribers

Gaming Company Seeks $1.8 Billion Via Private Offer
JAMAICA (June 15, 2005) -- Gaming company Supreme Ventures will reportedly undertake a private placement for some $1.8 billion, representing 20% of its shares....................Subscribers

Jamaican Lottery Partners International Track Meet Again
JAMAICA (May 3, 2005) -- Lottery operators Supreme Ventures Ltd (SVL) yesterday announced that it would sponsor the May 7 Jamaica International Invitational track meet for the second successive year.............................Subscribers

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