Author Archives: Supreme Ventures

Tuesday April 18, 2023 –  Supreme Ventures has made yet another Lotto millionaire! C. Clarke of eastern Jamaica was basking in her winnings at the official handover of her incredible $45 million Lotto jackpot. The newest Supreme Ventures Lotto millionaire hit the jackpot in March with the lucky numbers 10, 12, 17, 20, 27, 33.

Clarke was delighted but composed when she learnt she won the jackpot. “It’s an amazing feeling, but at the same time, I’m feeling calm. I’ve been buying Lotto for years and I knew for sure that one day I would win.”

When asked about her plans for the money, Clarke revealed that she has no immediate plans. “I think I’ll take a few weeks to let it sink in and enjoy the feeling of being a winner,” she said. “I haven’t really thought about what I’ll do with the money yet. Once I decide what do with the winnings, I will make sure it’s something that benefits the family.”

Dwayne Tulloch, SVP Retail and Customer Operations was delighted at the making of yet another Lotto millionaire, “Winning the Lotto is truly life-changing, and even though she hasn’t made any specific plans yet for her winnings, $45M offers her a world of possibilities. We’re happy to help another person to achieve their goals and dreams as well as continue on our mission to make winners every day.”

Clarke is the second Lotto winner for the year. In February, O. Brown from central Jamaica won $63 Million.

Supreme Ventures Limited (SVL) is looking to capitalise on its growing business profile to further expand its platform across the globe following a historic 2022 performance.

The betting, gaming, and lottery company had a record financial year in which it earned $50.87 billion in total revenue from more than $109 billion in total gross ticket sales and hit $3.08 billion in consolidated net profit. This was supported by multi-billion dollar investments in new products, $1.48 billion in property and equipment expenditure, the acquisition of larger positions in some subsidiaries, and rebound in the local economy.

These investments have set the stage for 2023 as SVL plans to build on its platform that includes a reach of more than 2,000 distribution points in Jamaica and expansion of its services across the globe. One such move is the planned launch of its gaming services in Ghana in collaboration with Game Park Limited, which will be the promoter of Pick 1 (Cash Pot) and Pick 4 lottery games in the West African country. It will be executed through its subsidiary Supreme Ventures Ghana Limited that will provide management and technical services to Game Park.

“The reality is that we’re positioning SVL as a technology company. SVL has a platform which you can call the Supreme Life platform. The business that most people see is the gaming business. People associate the brand primarily with gaming at this point in time,” said SVL Executive Chairman Gary Peart in an interview on Tuesday.

He pointed out that the company’s GLI (Gaming Laboratories International) certification for its proprietary lottery software and gaming platform has opened up new doors for the business on the other side of the world. SVL also established single sign on for its various mobile gaming applications in February. These include SV Games app, MBET, JustBet Mobile, and Acropolis Online Casino.

This comes following Peart and Solomon Sharpe’s recent trip to Hong Kong and Australia as they build out other areas of the business and get a better understanding of different markets, especially as they gear up to launch a new bet type. SVL had signed a global distribution deal in December 2020 with Australian technology group BetMakers Technology Group Limited to distribute and export content related to Caymanas Park racing content internationally. Sharpe is the executive chairman of Supreme Ventures Racing and Entertainment Limited.

“Our business in Guyana runs on our proprietary lottery software and that software has now created a platform that we can now bid on other potential markets to run lotteries or to provide technical services and support to a lottery operator in other countries. That puts us in a position where, if we start to get those deals, it will materially increase the revenues and profits of the company,” Peart added on the significance of SVL’s new software.

SVL has also made a move to acquire the remaining 44 per cent interest in McKayla Financial Services Limited and make it a wholly owned subsidiary. Peart sees this move as a way to have greater flexibility in how McKayla will operate under the group and mesh with McKayla’s direct parent Supreme Ventures Fintech Limited (SVFL). Both are awaiting microcredit licences from the Bank of Jamaica.

“So I have fintech, which is going to deal with people who like the digital solutions and I have the terrestrial for people who still want the face-to-face interaction. Both McKayla and Evolve are awaiting final approval from the central bank. As we get those, we can become more flexible and potentially combine them. We can do a lot more and I expect it to be a bigger contributor to overall numbers, certainly for this year,” Peart added on the potential opportunities which exist for its financial technology ambitions.

McKayla’s revenue increased 54 per cent to $82.45 million, but its net loss increased 37 per cent to $19.19 million. While its asset base increased eight per cent to $285.67 million, total liabilities rose 29 per cent to $180.66 million. It sold its property to Supreme Ventures REIT Limited for about $80 million during the year.

Although the business is growing its platform on the backbone of its lottery business, Peart believes that there is much greater potential, especially as it relates to initiatives by the financial authorities to get more people into the formal system. He referenced the Charge Up product, which is a top-up system for digital products that can reach across the country and not be constrained by the limitations faced by the underbanked and unbanked population.

He also highlighted that the company is in talks with the central bank to assist with getting the central bank digital currency Jam-Dex, more widely known by its customers across all levels of the society. SVL had an investor briefing on Wednesday on Mayberry Investments’ Youtube channel.

“So I have now a microfinance solution, both digital and terrestrial; I have a bill payment solution now, which is mainly digital; and we have some other things that we’re seeking approval to roll out. For example, we believe that our bill payment software is one of the best out there, but you might have institutions that might be reluctant to come on board because they don’t see SVL in the slight. The question is not to look on brand SVL, but the question is to look on the product. The product is what creates significant value,” Peart explained about the company’s platform.

Source: https://www.jamaicaobserver.com/business/supreme-ventures-going-global/

Supreme Ventures Limited (SVL) has advised that its Ghanaian subsidiary, Supreme Ventures Ghana Limited, will shortly be signing an agreement for the exclusive provision of management and technical services to Game Park Limited, which will be the promoter of Pick 1 (Cash Pot) and Pick 4 lottery games in Ghana.

Kingston, Jamaica- April 5, 2023: The largest Super Lotto jackpot in history has been won!

One lucky player has won the historic amount of $542.5 Million, making them an overnight multi-millionaire!

The winning numbers were 05, 19, 22, 23, 33 and Superball 08 which were drawn on Tuesday April 4.

“We are thrilled to have a winner for this record-breaking jackpot,” said Xesus Johnston, Supreme Ventures Gaming CEO. “We look forward to the winner coming forward to claim their winnings and wish them all the best with their newfound fortune.”

The winning Super Lotto jackpot ticket was sold at the True Friends Emporium, which is located at Osbourne Store in Clarendon.

To begin the process of collecting their jackpot, the winner must present the winning ticket with their signature affixed and valid national ID at the Supreme Ventures Flagship Store located on the Twin Gates Plaza at 25 Constant Spring Road in St. Andrew.

In what was a thrilling and exciting day with over 120 players testing their minds, endurance, and ability to read the game, Garfield Brissett emerged as the Spanish Town leg champion of the Supreme Ventures Limited’s Domino Master competition.

The tournament, which is played in a “cut-throat” format, was held at Miggie’s Sports Bar in Greendale on Sunday, March 19.

Brissett qualified for the grand final as one of the best losers from the semi-finals, along with Collin Powell, joining fan favourite Natalie “Lady Assassin” Wright and Jeneard Williamson in the final.

Playing to the first six points, Brissett, with some tricky plays, came out on top ahead of Williamson (four points) and Wright and Powell on two points each.

Brissett was awarded prize money of $150,000 as the winner’s share, while Williamson went home with $100,000, Wright got $75,000, and Powell received $50,000. Wright was adjusted as the third-place winner for having reached two games before Powell, under the rules of the game.

“I felt very delighted. I should have won the semi-final game, but as I said before the final, I knew what I had to do and I pulled through, but I was overjoyed to win the competition.

“I was very comfortable at five games and to make it to six, the game that went to the derby. If I had played the rounds, the lady [Natalie Wright] had twos in her hand, and so I would have won that game and the title then.

“But I said if the other guy had a blank in his hand, he would win, and so I went two blanks, and the game ended in a block as the two players counted four each. Williamson won the derby, and the next game I did what I had to do and I won,” Brissett told the Jamaica Observer.

Brissett, who hails from Portmore, said that the decision to play in the Spanish Town leg had paid rich dividends.

“There are a lot of good players in Portmore, the likes of Tyson and others, and so I came here to try my luck, and if I hadn’t succeeded here, it left me no choice but to play in the Portmore leg, but I made the decision, and it was the right move. We are all domino players, but cut throat is about reading the game, remembering the game, having some luck, and executing,” Brissett added.

Chloleen Daley-Muschett, corporate communications and public relations manager at SVL, said that the Spanish Town leg of the competition was a huge success.

“The turnout was fantastic; we had a fabulous, epic domino tournament here in Spanish Town at Miggie’s, and based on the passion of the crowd and the passion of the players, we think we have a hit event, and we really look forward to rolling out the rest of it across Jamaica.

“There were numerous rounds, and so we were here a little late, but that’s great as we had a full day of great domino playing and everybody stayed to the end, which means they really enjoyed it, and we are looking forward to the next stop,” Daley-Muschett said.

The tournament started at Pier 1 in Montego Bay on Sunday, March 12, 2023, and Jerry Gardener secured his spot in history as the tournament’s first community winner, second place went to Allan Harris, while Licidius Nelson and Gavin Simpson secured third and fourth places, respectively.

The tournament’s next stop will be at Caymanas Park in portmore, St Catherine, on April 23, 2023.

Players interested in participating in the tournament can register online at www.svl.com or purchase tickets at any of the 16 ticket outlets located throughout the island, including Pier 1, Fontana Pharmacy, the Montego Bay Retail Centres (City Centre and Fairview), and Fairview Texaco in Montego Bay; Savannna La Mar Texaco and Fontana Pharmacy in Savanna La Mar; Ocho Rios Retail Centre and Fontana Pharmacy in Ocho Rois; Spanish Twon Retail centre in Spanish Town; Fontana Pharmacy in Mandeville; Cross Roads Retail Centre, Flagship Store (Constant Spring Road), Fontana Pharmacy (Barbican), Fontana Pharmacy (Waterloo) in St Andrew; and Portmore Retail Centre in Portmore, St Catherine.

The cost of tickets for the community qualifiers is $1,000 per person, and for the national level it is $5,000. The top 16 individuals from each community will qualify directly for the national championship.

Source: https://www.jamaicaobserver.com/sports/i-felt-delighted/