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Supreme Ventures Ltd
Address: Supreme Ventures Limited
The Sagicor Centre, 4th Floor 28 - 48 Barbados Avenue Kingston 5
Jamaica, West Indies
Internet: http://www.supremeventures.com/
E-mail Address: communications@svlotteries.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 2010: US$287,356,322
Number of Employees: 400
On-line Vendor: GTECH
Internet Gaming System: Intralot S.A
Instant Ticket Vendor: GTECH
Games Offered: Lotto, Pick3, Pick 2, Cash Pot, Lucky5, Dollaz, WinQuick (Instants) and Super Lotto games
Beneficiaries: CHASE Fund
Jurisdiction: Public, JAM:SVL

 

Background Information

 

Background Information
Supreme Ventures Ltd. (SVL), is a locally owned company and was formed in 1995 by the late Peter Stewart, Paul Hoo and Ian Levy. The company began lottery operations on June 25, 2001. The company has diversified its portfolio into other areas of the gaming industry including Video Gaming Lounges and Sports Betting. On January 1, 2007 a new company - Supreme Ventures Lotteries Limited was formed and the licences for all the lottery game brands were transferred to that entity.

HISTORY

On January 11, 2001, a licence was granted by the Betting, Gaming and Lotteries Commission to Supreme Ventures Limited, to promote and conduct three specific lottery games under strict rules and regulations established by the Commission.
The licence granted by the Commission was valid for 10 years. The Company has since received an extension of its licence to the year 2026.
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 with its well recognized brand icon being the treasure chest. 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 lottery sales for the financial year 2007 exceeding $16.9 Billion.
The company has grown significantly since the acquisition of JLC and now boasts annual revenue in excess of $25 Billion dollars. With a labour force of approximately 450 persons directly employed to the Supreme Ventures Group and over 900 lottery terminals islandwide, with a total of 7 lottery games, the popularity of our products has increased as everything is now all "under one roof".
The local games are Cash Pot, Lucky5, Dollaz!, Lotto, Pick 3, Pick 2 and WinQuick, the scratch and win type game.
Supreme Ventures Lotteries Limited introduced the Super Lotto game on August 25, 2009.
Super Lotto is a multi-jurisdictional jackpot game, which is the first game of its kind in the Caribbean and Latin America. Super Lotto is sold simultaneously in the Jamaica, Dominican Republic, Barbados, St. Kitts & Nevis, Anguilla, Antigua, St. Maarten and the US Virgin Islands.
Super Lotto is similar to Powerball, Euro millions or Mega millions, in which sales of different countries or jurisdictions are combined to facilitate jackpot prizes that have never been seen before in these territories. The game has prize draws twice weekly (Tuesdays and Fridays) at 9:30 p.m. The starting Jackpot is now J$180,000,000.
For more information on Super Lotto you may visit the website at www.superlottogame.com
The Supreme Ventures Group
The Supreme Ventures Groupof Companies is structured as follows: Supreme Ventures Lotteries Limited: Online provider of lottery games and Electronic Phone PINs.
Prime Sports (Jamaica) Limited:
Operator of Video Gaming Lounges (slot machine lounges).
The Gaming Lounges are:
- Acropolis Gaming & Entertainment Centre Barbican Centre, 29 East Kings House Road Kingston 6
- Acropolis Gaming & Entertainment Centre Bargain Village Plaza, 35 Main Street May Pen, Clarendon
- Acropolis Gaming & Entertainment Centre 5-7 Seagrape Close, Portmore St. Catherine
- Coral Cliff Gaming Lounge 165 Gloucester Avenue Montego Bay, St. James
Each of the Acropolis Gaming Lounges has a sports bar within called The Arena, at The Acropolis and at Coral Cliff there is a restaurant called Rum Jungle.
Supreme Ventures Financial Services Limited:
Providers of MoneyGram money transfer and Cambio services. Big 'A' Track 2003 Limited T/A Supreme Ventures Sports Betting:
Offers betting on international sporting events.


News 2012
March 14, 2012 Cash Pot’ Eats Into Supreme Ventures Profit
February 15, 2012

Supreme Ventures Launches A New Game With Smartplay's Mercury

February 1, 2012 Gaming and Lottery Company to Delist From Trinidad Exchange


News 2011
October 4, 2011 Supreme Ventures, A Company in Which INTRALOT Holds A Strategic Stake, Sponsors the Annual Jamaica 2-Year-Old Horseracing Series
August 17, 2011 Supreme Ventures’ Profit Jumps on Core Lottery Business
August 17, 2011 Lottery Company Weighs Future of Super Lotto
June 26, 2011 Gaming and Lottery Company CEO Promises Record Profit This Year
June 24, 2011 Supreme Ventures and GTECH Toast First 10 Years
May 16, 2011 INTRALOT Provides VLTs & Monitoring System To SVL in Jamaica
May 13, 2011 Lotto Classic to kick Off Lavish SVL Anniversary
April 29, 2011 Lottery, Gaming Giant Supreme Ventures Celebrates Its Tenth Anniversary This Year
April 27, 2011 Lottery, Gaming Company Looks to Enter the Telephone Betting Market as Part of Its Planned Expansion Program
April 18, 2011 Lottomatica Group Subsidiary GTECH Corporation Signs 10-Year Contract Extension With Supreme Ventures In Jamaica
April 13, 2011 Lottery, Gaming Company Commits to US$5m Expansion
March 30, 2011 Lotteries Commission Announce Success in Its Prosecution of Illicit Cash Pot Sales
March 30, 2011 Lotteries Commission Announce Success in Its Prosecution of Illicit Cash Pot Sales

News 2010
Dec 15, 2010 SVL Makes More Changes to Super Lotto
Nov 16, 2010 Supreme Ventures' Profit Plunged in September Quarter
Nov 3, 2010 Cash Pot Gets a Fourth Draw
Oct 14, 2010 SVL Rolling Out Two More Lottery Games
Oct 11, 2010 $467 Million Super Lotto Multi-Jurisdictional Caribbean Game Jackpot Hit!
August 19, 2010 Report of the Board of Directors Supreme Ventures Limited, Unaudited Financial Statements 30th June 2010
August 25, 2010 SVL Fell Short On Record Jackpot
June 6, 2010 Multi-Jurisdictional Game Performing Below-Par
May 19, 2010 SVL Sees 63% Increase in Net Profit
May 5, 2010 Gaming Company President Predicts a US-Billion-Dollar Lottery Within Five Years


Have A 'Lotto' Trust In Your Lawyer?
Article By: Gavin Goffe. Mr. Goffe is a litigation associate at Myers, Fletcher & Gordon and a member of its Tax Practice Group.
KINGSTON, Jamaica (April 14, 2010) – It took one lucky player six weeks to claim his $240 million lottery jackpot, the biggest ever in the game's history. That's how long he needed to relax and sort himself out, and of course, buy a wig and fake beard. There are at least seven million reasons (before tax) why the first call that any lottery winner should make is to his lawyer.
The lotto rules provide that Supreme Ventures Ltd has the right to publish the names, addresses and photographs of the jackpot winners. It is thought that revealing their identities will earn public confidence and make the game appear more winnable......................Subscribers

Supreme Ventures Makes Changes to Super Lotto
JAMAICA (March 7, 2010) – Supreme Ventures Limited (SVL), in an attempt to attract more players to the Super Lotto, has revamped the multi-jurisdictional lottery game to now include a lower price option on tickets and more opportunities to win the lower tier prizes......................Subscribers

Lottery News 2009

Exciting New Sports Betting Game to be Unveiled Soon
JAMAICA (December 8, 2009) -New reports advise betting and gaming company Supreme Venture (SVL) will soon be unveiling a new sports betting game called JustBet, where fans can wager and win by making predictions on their favourite sport..........................Subscribers

Gaming Company’s Two Month Profit More Than Doubles
JAMAICA (November 18, 2009) - Supreme Ventures Limited (SVL) saw a 166 per cent improvement in pre-tax profit during the two-month ended September 30, 2009, when compared to the corresponding period last year, as strong growth in its core lottery business pushed up revenues.....................Subscribers

Supreme Ventures Restructures Gaming Lounge Operations
KINGSTON, Jamaica (October 15, 2009) -- Supreme Ventures Limited (SVL) has announced the restructuring of its Gaming Lounge business operations, with its decision not to renew a lease agreement with the Hilton Kingston Hotel, for the space occupied by the Villagio Gaming Lounge on that property.....................Subscribers

Supreme Ventures Limited Announce Unaudited Consolidated Financial Statements to July 31, 2009
Report of the Board of Directors Unaudited Financial Statements 31st July 2009
JAMAICA (September 14, 2009) -- The Directors of Supreme Ventures Limited (SVL) are pleased to present the unaudited financial results for the nine-month period, 1st November 2008 to 31st July 2009.........................Subscribers

Lottery Chief Responds to Complaints That Super Lotto is Too Difficult to Win
JAMAICA (September 11, 2009) -- Supreme Ventures Limited (SVL) has said that the odds of matching all five numbers and the superball to win the jackpot in its Super Lotto game is one in 11 million.....................Subscribers

West Indies Gaming Giant Poised to Capitalize on Implementation of Sports Betting Amendment
JAMAICA (September 16, 2009) – According to local gaming giant Supreme Ventures (SVL) has positioned itself for amendments to the Betting Gaming and Lotteries Act (BGLC) that would make sports betting legal in Jamaica, but other stakeholders in the industry are unwilling to commit themselves until actual measures are passed...........................Subscribers

SVL Looks to Boost Bottom Line with Multi-Jurisdictional Super Lotto Game
JAMAICA (August 30, 2009) -- The Jamaica Gleaner reports listed gaming firm, Supreme Ventures Limited (SVL), says it expects between US$35 million and US$40 million in revenue each year from the new Super Lotto game being played simultaneously in seven Caribbean countries..................Subscribers

Supreme Ventures Goes Regional with US$2-m Super Lotto
Jamaica (August 21, 2009) -- Jamaican gaming company Supreme Ventures Limited (SVL) will today hold the first draw of its Super Lotto, the company's new multi-jurisdictional lottery game that will be played across seven Caribbean countries....................Subscribers

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


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