Author Archives: Supreme Ventures

Jamaica Gleaner – May 19, 2019
Gold sponsor of the national senior women’s football team, the Reggae Girlz, Supreme Ventures Limited (SVL), invited the team and members of the Greenwich All-Age football team to a last hurrah lunch and dribble social on Child’s Day, Friday, May 17.
In a much needed change of pace, the Reggae Girlz were given an opportunity to relax and rap with the younger footballers. Coach Hue Menzies, who was also invited, encouraged the young ballers to seek the guidance of the Reggae Girlz and ask all the questions they might have about a career in sport.
He commended #TeamSupreme for the activation that allowed the Reggae Girlz to participate in social outreach and connect with the next generation.
Supreme Ventures President and CEO Ann-Dawn Young Sang said that the entire nation is proud of the achievements of the Girlz.
MORE THAN SPONSORS
“We are proud of the achievements of our Girlz, and we stand behind them in every way we can. But I see this as more of a partnership than just a sponsorship. We celebrated you earlier this week at the French Embassy, but today, we want you to work with us in this outreach effort,” she said.
Friday’s event was intended to connect and impact the future of Jamaica’s female footballers with the history-making Reggae Girlz. The Greenwich All-Age girls got the opportunity to ask the Reggae Girlz questions about their journey as international footballers and their training habits and life in the spotlight, which the Girlz were quick to answer. The SVL team, which came out in their numbers, were encouraged by the showing of the Reggae Girlz and the Greenwich All-Age footballers as the interaction was very impactful for all.
In addition to the rap session, both teams took to the lawns of The Jamaica Pegasus, where they played a scrimmage game.
State Minister in the Ministry of Education, Youth and Information Alando Terrelonge commended SVL for the initiative and reiterated the Government’s support for the Reggae Girlz on their journey to France while wishing them success at the 2019 FIFA Women’s World Cup.
On May 14, Supreme Ventures hosted the entire squad and technical team along with the top brass of the Jamaica Football Federation at the French Embassy under the patronage of Ambassador Denys Wibeaux.
 

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Source: http://www.gleaner-jamaica.com/article/sports/20190519/supreme-ventures-connects-reggae-girlz-next-generation
 

Steven Jackson – Jamaica Gleaner – May 8, 2019
Gaming conglomerate Supreme Ventures Limited, SVL, is acquiring Jamaica’s largest sports bookmaker, Any Bet, which would result in SVL controlling around 90 per cent of the market.
Any Bet is the trading name for Post to Post Betting Limited and is operated by Post to Post Holdings Limited. The company has signed a letter of intent with SVL to sell majority interest to the gaming company, which operates rival sports-betting game JustBet.
No other terms of the agreement were disclosed. The deal is expected to close in June.
“It would be an acquisition of shares, and we will not be doing any rebranding,” said a manager at Post to Post Betting, who otherwise declined to comment until next month. That’s when, according to a market filing at the weekend, the parties “intend to finalise and execute a final agreement”.
SVL is the leading player in the lottery-gaming market owner of Jamaica’s only horse-racing track, Caymanas Park, which it acquired from the Jamaican government in 2017. But its dominance does not carry into the bookmaking market.
Bookmakers take bets for events such as horse racing, simulcast racing and other sports such as football and NBA games. They then pay betters according to their odds.
Post to Post Betting controls some 73 per cent of the bookmaking market, based on sales, according to data published by regulator Betting, Gaming and Lotteries Commission, BGLC, in its annual report for the year ending March 2017.
Post to Post Betting is owned by three families. The shareholders include Albert Chow, Lloyd Hoo Mook, Natasha Hoo Mook, Icilda Hoo Mook, Natalia Hoo Mook, Alexander Chin and Rodney Chin, according to Companies Office of Jamaica records.
PREVIOUS MERGER
Post to Post resulted from the merger of Jamaica’s largest bookmaking companies – Champion Betting, Track Price Plus Limited and Markham Betting – in 2013. At the time, the three firms operated over 188 betting shops across Jamaica.
SVL, which is a publicly traded company, holds about 19 per cent of the bookmaking market through its wholly owned subsidiary Prime Sports, based on the BGLC data.
The Financial Gleaner was unable to reach SVL president and CEO Ann-Dawn Young Sang for comment.
Last year, SVL’s sport-betting segment made $248 million in revenue. Over the past two years, the segment has averaged 6.7 per cent of total SVL revenues, based on SVL’s 2018 audited results.
PROFIT
In the first quarter ending March 2019, Supreme Ventures made $621 million in after-tax profit on $9.3 billion of revenue. Sports betting contributed one per cent, or $87 million, to total sales in the quarter.
Jamaica’s main bookmakers in 2017 were Post to Post Betting/Any Bet, Prime Sports Jamaica/JustBet, Capital Betting & Wagering Limited, Ideal Betting Company, Island Bet and Jamozzie/BetCris. The six companies generated $4.93 billion in total sales for the fiscal year.
The BGLC annual report also referenced two other players, for which there was no sales data: Summit, which had been non-operational for two years at the time of report; and Olympic Sports Data Services, whose sales were not included in BGLC’s industry highlights as it operates within the Montego Bay Free Zone.
Any Bet led the market with $3.64 billion, followed by Just Bet at $611 million, Island Bet at $260 million, Jamozzie/BetCris at $183.7 million, Ideal at $170.1 million and Capital Betting at $70 million.
 

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Source: http://jamaica-gleaner.com/article/business/20190508/supreme-ventures-acquires-main-sports-betting-rival-any-bet
 

Gaming and entertainment company, Supreme Ventures Limited has released its first quarter financial results showing overall segment performance of $924 million.
This is a 14 per cent improvement at the close of the first quarter of 2019 compared to the same period last year.
The company is reporting $620.9 million in its consolidated profits, representing the best results in the history of its operations.
Total gaming income showed a 15 per cent increase to $9.3 billion, while direct expenses also went up by 15 per cent to $7.4 billion.  Gross ticket sales and gross profits also saw increases of 16 per cent and 14.8 per cent respectively.
The increase in revenues across the segments was attributed to the successful deployment of marketing and retail initiatives
Sports betting revenues grew considerably over the quarter, benefiting from the execution of product offerings while the horse-racing segment recorded the highest increase in revenue performance year on year.
Ann-Dawn Young Sang, President and CEO of Supreme Ventures, said the results are encouraging and expects the company to continue its current trajectory.
“We look forward to maintaining the positive momentum through the implementation of key strategic initiatives for the remainder of the year. The launch of Supreme Games, our new mobile gaming platform is one such initiative that we will continue to expand on and leverage” Young Sang said.
Though there was an increase in finance costs of $14.8 million, the company’s earnings per share managed to be marginally higher at 23.55 cents compared to 2018 at 23.4 cents.
Chairman of Supreme Ventures Limited, David McConnell said the Solomon Sharpe-led Board and the management team at Supreme Ventures Racing and Entertainment Limited (SVREL) are focused on building on the momentum achieved in the first quarter.
“We have a clear vision for SVREL, as we do with all our brands, and our strategic objective is to ensure that the park operates according to international standards by investing in the right technology, products and communications tools,” he said.
SVREL has put in place several new measures to improve the racing product since the start of the year, including the implementation of sophisticated photo-finish technology, improvements to the parlay betting system as well as revisions to the payout structure for British racing.
The horseracing promotions company also relaunched the mobile betting platform, Mbet and partnered with Sportsmax to revamp the production and broadcast of race days in the latter part of 2018.
 

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Source: LINK: http://www.loopjamaica.com/content/supreme-ventures-reports-improved-earnings
 

 
Second location planned for 2019
By Karena Bennett – Jamaica Observer – December 4, 2018
Supreme Ventures Limited (SVL) will open the doors to its Betting Shop Lounge in Georgetown, Guyana, during the week of December 8 to 16, before opening a second location in 2019.
The update on the company’s planned operation in Guyana was posted on the Jamaica Stock Exchange.
Last month, SVL released information that it was getting ready to start operations in Guyana after signing off on an agreement with the Guyana Gaming Authority in March.
According to SVL, phase one of the operation which begins this month, will see the betting company rolling out its wagering on horse racing and sport-themed video gaming products.
The company remains tight-lipped on the details on other aspects of its plans but investors still await news on the strategies the company will be employing to secure market share from Guyana’s Princess Hotel and Casino and affiliate of the Canadian Bank Note Company, Guyana Lottery.
Last year was a year of significant growth for Supreme Ventures.
The first quarter of 2017 started with the acquisition of the operations of Caymanas Park, which saw the group effectively investing some $1.2 billion in assets into the Caymanas operations. According to Supreme Ventures Group President & CEO Ann-Dawn Young Sang, revenues from all components of the group’s horse racing business are showing an upward trend, while the group’s non-horse racing segment were strong with year-over-year revenues and segment results growing by approximately 15 per cent and 18 per cent respectively.
The group reported record revenues of approximately $56 billion, representing a 25 per cent increase over 2016.
“This, combined with an effective cost management programme, resulted in a 44 per cent increase in profit from operations, which surpassed the $2 billion mark,” Young Sang said.
SVL’s 2017 net profit of approximately $1.2 billion represents a 1.6 per cent increase over 2016, due to the impact of just over $471 million in non-cash and non-routine one-off impairment adjustments to reflect realistic valuations for the company’s VLT licences and investment properties.
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Article link: http://www.jamaicaobserver.com/news/svl-to-open-guyana-lounge-next-week-second-location-planned-for-2019_151304
 

Days after its recently concluded back-to-school outreach, #SimplyVestedInLove, Supreme Ventures Limited (SVL) has donated more than half a million dollars in vouchers to a local charitable organisation, Gift of Love Foundation, to assist students of Nine Turns Basic School, Clarendon.
The donation, valuing $650,000, was made recently at the school to one of the founders of Gift of Love, Ayesha Allen, while students, parents and teachers looked on.
Supreme Ventures reached out to the Gift of Love Foundation after hearing about their work with the school, which focused mainly on buying shoes and other items for each of the 35 students. Having just assisted more than 200 students with more than $2 million in back-to-school assistance through its #SimplyVestedInLove programme, Supreme Ventures was more than willing to assist the Gift of Love Foundation in this effort.
 
SMALL ACTS OF KINDNESS
 
SVL’s assistant vice-president for group corporate communications, Simone Clarke-Cooper, says there were many similarities between Gift of Love and #SimplyVestedinLove which made the synergy a natural one.
“What drew us to the Gift of Love Foundation was the way they focused on performing small acts of kindness to make a big difference in the lives of the children of Nine Turns. #SimplyVestedInLove shares this philosophy. When we saw what Ayesha was trying to do, we were moved to support the efforts at the school,” Clarke-Cooper said.
The assistance given to the Gift of Love included vouchers that will allow for the procurement of stationery, books and any other items needed for students and the school for the next two years.
“This is the biggest donation we have received so far. We really appreciate it, and to know that it is something long term and can sustain them for a good period of time, is very important to us,” Allen said.
In a similar fashion to the online-based #SimplyVestedinLove, Allen explained that the Gift of Love Foundation accepts nominations through its Facebook page from persons who are seeking help for others in their community,
“We had a call for nominations on our social media and we asked persons to nominate schools that they thought would need assistance, and we specified rural schools. Based on all the nominations we received, we chose Nine Turns Basic School. The children are so smart, so I’m so glad we chose them so they can get the assistance they need to further their education,” she said.
Part of the assistance Supreme Ventures has provided to Nine Turns Basic School and the Gift of Love Foundation directly relates to their shoe drive for the new school year.
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Source: http://jamaica-gleaner.com/article/news/20180921/svl-gives-650000-gift-love-foundation