Supreme Ventures – Page 45 – Supreme Ventures Group

02Nov

SVL Readies to Roll in Guyana

By Karena Bennett- Jamaica Observer – Friday, November 2, 2018

Lotteries company Supreme Ventures Ltd (SVL) has announced that it has entered the build-out phase of its gaming operation in Guyana, with plans to roll out the initiative “in the coming months”.
In March, SVL disclosed that it had signed an agreement with the Guyana Gaming Authority which was subject to a confidentiality clause. When the Jamaica Observer contacted SVL on Monday, the company said it would make full disclosure of its plans for the market at the end of the year.
SVL’s entry in Guyana could see the company going up against the Princess Hotel and Casino and affiliate of the Canadian Bank Note Company, Guyana Lottery, for market share. Guyana Marriott is also looking to get a toehold into the market.
Reports from Guyana list games such as ‘Lotto Supa 6,’ ‘Lucky 3,’ ‘Daily Millions,’ and ‘Draw De Line’; along with a range of popular ‘scratch’ games as gaming products currently offered by the Guyana Lottery Company. Additionally, Guyana Lottery was recently handed a five-year renewable contract that allows it to introduce new games using Video Lottery Teller Machines such as casino slot machines and online gambling.
The update from SVL comes amidst report of an increase of 12 per cent in revenue for the nine months ended September 30, 2018 of $46 billion. Like revenue, net profits of $1.52 billion reflected an increase of $192.65 million or 14.52 per cent when compared to the similar period of 2017.
“This represents the best third-quarter performance in the history of the company’s operations,” President and CEO Ann-Dawn Young Sang said in a report adjoining the company’s financials on the Jamaica Stock Exchange.
The group’s performance for the quarter was attributed to continued focus on strategic priorities and the execution of key initiatives, which were driven by improved performances in sports betting, lottery, horse racing and VLTs.
Revenues from the lottery games portfolio continue to show a strong growth trend, driven by the successful deployment of marketing and retail initiatives. Major promotional activities for the year to date include Mega Pot, Mega Cup and Cash Pot in The Streets.
Sports Betting revenues have grown significantly, benefiting from key initiatives and the JustBet Goal Rush World Cup campaign momentum. Year-to-date segment performance improved by $12.8 million or 33.7 per cent when compared to the similar period in 2017.
Horse racing recorded an increase in revenue of two per cent or $23.8 million over 2017. Nevertheless, the segment incurred a loss for the period, particularly resulting from increased expenditure on necessary repairs and maintenance.
SVL noted that it will continue to maintain the positive momentum achieved in 2018 through the timely execution of key strategic initiatives for the remainder of the year, including the development and deployment of a mobile solution to further enhance the group’s product offerings and customer experience.
In addition to rolling out the Guyana initiative, SVL Group said it’s also closely monitoring the horse racing segment order to stem losses experienced year to date.
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Article link: https://www.jamaicaobserver.com/business-report/svl-profits-up-as-it-gets-ready-to-bet-on-guyana_148560?profile=1056

31Oct

SVREL Seeking to Attract New Owners with Raffle

Supreme Ventures News

By Livingston Scott – The Gleaner – October 31 2018

In an effort to increase the ownership of horses at Caymanas Park and revamp the industry in general, Supreme Ventures Racing and Entertainment Limited (SVREL) has introduced a new incentive that is aimed at attracting new owners to the sport.

Peter Green, SVREL director of marketing, announced at the launch of the 40th Super Stakes at Caymanas Park on Monday that the horse racing promoters will be hosting a raffle in December, where the prize will be a horse valued at $1.5 million.

In addition SVREL will stand the cost of keeping and caring for the animal for the first two years of its racing life.

“We are trying to get more people interested in horse racing. We want to make ownership of a horse a reality because a lot of people see it as beyond their reach, so we are trying to make it as easy as possible and to open it to as many people as possible to own a horse.

Green said SVREL will be purchasing a horse in the upcoming yearling sale, valued at $1.5 million and this horse will be the main prize in a raffle which will be drawn on December 19.

“It will be their (raffle winner’s) horse to name, they will choose who they want to train the horse, they will choose their colours for the horse and we the promoters, SVREL, will stand the care and keep of the horse for two years.

“So as the horse performs as a two-year-old and a three-year-old we will stand the cost of the keep and care and all winnings over those two years go back to the owner. So it’s at no cost to them, it’s at no risk,” Green explained.

The raffle will be open to the public, except employees of SVREL, and Green says he expects many persons to take up the opportunity to become an owner.

“We think it’s a wonderful opportunity to open the sport to a wider audience. Everybody knows that for the industry to strive and survive we need more stocks of horses,” he said.

“Once the horse is purchased in the yearling sale we will have the horse on parade each raceday so people can see what they have the opportunity to win,” he added. Each raffle ticket will cost $500.
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Article link: http://jamaica-gleaner.com/article/sports/20181031/svrel-seeking-attract-new-owners-raffle

26Oct

Massive Yearling Sale Incentives

Supreme Ventures News

Supreme Racing Guide – Jamaica Observer – October 26, 2018
THE annual Yearling Sale scheduled for the official car park at Caymanas Park on Sunday, November 11 is to benefit from a number of incentives initiated by the Thoroughbred Breeders and Owners Association (TOBA) and the promoting company, Supreme Ventures Racing and Entertainment Limited (SVREL). This year the sale has 114 listed lots.

“TOBA is introducing a number of incentives for purchasers at this year’s Yearling Sale to benefit from.

“I don’t have to tell anyone that over the last four to five years we have had steady reductions in our foal population.

“The incentives we at TOBA along with our partners, mainly the Betting Gaming and Lotteries Commission and SVREL, are introducing are to attract more buyers.

“They are attractive incentives which should assist in propping up this year’s sale. I would publicly like to thank our sponsors for making a lot of these meaningful incentives possible,” president of TOBA, Howard Hamilton, said.
The incentives include the following:

SUPREME VENTURES RACING AND ENTERTAINMENT ‘You’re The Owner’ RAFFLE
Supreme Ventures Racing and Entertainment Limited (SVREL) has committed to buy two yearlings, each at a cost of $1.5 million and then will raffle these horses with draws to be conducted on Boxing Day, December 26, 2018, and the other on 2000 Guineas Day in April 2019. The ‘You’re The Owner’ raffle ticket each costs $500 and is already being sold at the track and selected off-track betting parlours.

The winners of the ‘You’re The Owner’ raffle gets the opportunity of choosing their trainer; the names of the horses and the riding colours. The keep and care of the two horses, inclusive of training fees and veterinary services, are to be paid by SVREL for 26 months. All monies earned by the SVREL-purchased yearlings go directly to the owners.

The ‘You’re The Owner’ raffle winners as per the agreement with SVREL can sell their horses at anytime they so desire. If the horses are sold during the 26-month period when SVREL is responsible for keep and care, that benefit is not passed on to the new owner.

YEARLING SALE TRIPLE CROWN RACING SERIES
Three races are being offered which will only be for horses bought/entered in the sale and are down for competition over the horses’ two- and three-year-old careers. They are sponsored by the Betting, Gaming and Lotteries Commission with purses of $1.8 million each. A bonus of $3 million is to be paid to the owner of any horse winning the three races. The new races are in addition to the Supreme Ventures Limited Two-Year-Old Series which is for any horse passing through the sale.

CASH INCENTIVES
TOBA is offering to only buyers in the sale the opportunity of winning cash prizes. These cash incentives range from $500,000; $250,000; $100,000; and six at $50,000. The cash prizes are to be drawn by raffle at the end of the sale.

A TABLE AT THE 2019 PREAKNESS STAKES
The Stronach Group is offering a table for four at the 2019 Preakness Stakes (May 18) and also for the Black-Eyed Susan Stakes (May 19) both at the Pimlico Racetrack, Maryland, USA.
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Article Link: https://www.jamaicaobserver.com/sports-racing-guide/massive-3-race-series-at-1-8m-each-cash-prizes-for-purchasers-svrel-promotes-you-re-the-owner-raffle_147717?profile=1506

17Oct

Cash Pot Mega Pot Players Rack up $1.29 Billion in Winnings

Supreme Ventures News

Jamaica Observer – October 17, 2018
CASH Pot players islandwide have racked up over a billion dollars in winnings at the end of the third week of Supreme Ventures’ latest promotion, Cash Pot Mega Pot, which kicked off on September 23.
Players who haven’t played the new promotion only have one more week to cash in on the winnings, Supreme Ventures said in a release yesterday.
In the three weeks since the start of the promotion, players have bagged $1.297 billion.
The Mega Pot promotion features three Mega Balls, Gold, Silver and Green. The ball machine contains five balls, 3 Mega Balls (Gold, Silver and Green) and only two white balls. Players have an increased chance of ‘catching’ a Mega Ball in every draw and more cash has been paid out on the classic Gold Ball.
To participate and win, players will continue to play the Mega Ball feature as usual, which starts with purchasing Cash Pot with a minimum wager of $10. For every $10 wager on the Cash Pot base game, players can spend an additional $10 minimum to equal their base wager, to participate in the Mega Ball feature.
Immediately after the regular Cash Pot draw, there is a draw for the Mega Ball. If a white ball is drawn, winners of the base game will receive the normal prize payout of $260 for every $10 bet.
If the Gold Mega Ball is drawn, winners of the base game will win the prize payout of $260 for every $10 bet, plus the Mega Ball payout of $780, for a total of $1,040. This is an increase of $80 over the usual $700 payout for the Gold Mega Ball.
If the Silver Mega Ball is drawn, winners in the base game will win the $260 payout for every $10 bet, plus the Mega Ball payout of $300, for a total of $560.
If the new Green Mega Ball is drawn, the winner in the base game will win $260 for every $10 bet, plus the Mega Ball payout of $200, for a total of $460.
Assistant vice-president, group corporate communications Simone Clarke-Cooper said even more people are playing Cash Pot week over week since the start of Cash Pot Mega Pot,
“We have seen an uptick in our week-over-week sales and with the addition of the silver and gold balls, players now have a 60 per cent chance to win the Cash Pot Mega Ball with each ball attracting higher pay outs. This is a win-win-win and we encourage all players to enjoy the promotion while it lasts,” she said.
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Article Link: https://www.jamaicaobserver.com/news/cash-pot-mega-pot-players-rack-up-1-29-billion-in-winnings_147139

22Sep

'Search' on for $77-Million Lotto Winner

Supreme Ventures News

SUPREME Ventures Limited (SVL) has urged its newest millionaire, who won $77 million in Draw # 1508 on Wednesday, September 19, to come forward.
The winning numbers were 8, 11, 12, 20, 25 and 31. The ticket was bought from Korner Kafe, 24 King Street, Linstead, St Catherine.
“We’re happy to have another Jamaican millionaire join the ranks. Someone made sure to buy their ticket to get their chance and now their life is forever changed,” said Simone Clarke-Cooper, assistant VP, Group Corporate Communication at Supreme Ventures Limited.
She advised that the winner has 90 days to come forward to collect his or her winnings.
“In the meantime, we urge the winner to treat that ticket like the money itself. Sign it, and keep it safe and sound until that person comes in to claim, she said.
The winner is to present his or her ticket to SVL’s Corporate Office, 28-48 Barbados Avenue in Kingston
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Article Link: http://www.jamaicaobserver.com/news/-search-on-for-77-million-lotto-