Category: News

Supreme Ventures buys stake in Main Event

Steven Jackson - Jamaica Gleaner - May 5, 2021 Supreme Ventures Limited, SVL, announced the purchase of a 10-per cent stake in Main Event Entertainment Group Limited, an events production company valued at $1.05 billion on the stock market. The stake bought by SVL Group would be valued around $100 million, but the actual price [...]

SVL bringing illegal lottery game sellers into the fold

Neville Graham - Jamaica Gleaner - April 30, 2021 Amid the emergence of new rivals and an economy pressured by the pandemic, Supreme Ventures Limited, which trades as SVL Group, saw a decline in both net lottery sales revenue and group profit in the March quarter. But the company, whose dominance is still untested, is working [...]

Supreme Ventures achieves highest revenue on 20th anniversary

David Rose – Jamaica Observer – April 23, 2021 Even against the backdrop of COVID-19 and the entry of Izizzi and Luck Play to the gaming market during its first quarter ending March 31, 2021, Supreme Ventures Limited (SVL) saw a 33 per cent increase of gross ticket sales to $23.8 billion in its 20th [...]

Supreme Ventures takes more of Post to Post

Supreme Ventures Limited (SVL) has advised that it acquired an additional shareholding in Post to Post Betting Limited, which takes its total shareholding to 80 per cent for an undisclosed amount. In 2019, Supreme Ventures Limited (SVL) which operates the largest gambling and sports betting network on the island, acquired an initial 51 per cent [...]

SVL, JOA lock in historic $45-m deal

Supreme Ventures Limited (SVL) has locked in a major deal with the Jamaica Olympic Association (JOA), which pledges support for the association over three years to the tune of $45 million. The landmark deal will see the JOA receiving $15 million annually with a contractual start date of April 1 of this year. The cash support [...]

Supreme Ventures Fintech brings first microloan to market

Lottery Supreme Ventures Limited, SVL, through its newly formed financial services subsidiary Supreme Ventures Fintech Limited, is now rolling out its first microcredit product, a loan aimed at its 1,300 retail agents. Starting with a $500,000 limit, the loan, branded as Evolve, is SVL’s first foray into the financial products space. It is being piloted [...]

Supreme Ventures holds cash for acquisitions

Supreme Ventures Limited indicates that cash holdings, which have almost doubled year-over-year, will be used to support the company’s acquisition goals. The group generated positive cash flows from operations of $3.67 billion to close December 31, 2020, with a balance of $6.26 billion representing an increase of 74.13 per cent over the prior year. In [...]

SVL reports market conflict as gaming business heats up

Huntley Medley - Jamaica Gleaner - February 21, 2021 Supreme Ventures Limited, SVL, expected its lottery ticket sales to dip at the entry of two new players this month. Instead, it is claiming that sales jumped since the entry of Mahoe Gaming Enterprises Limited and Goodwill Gaming Enterprises Limited. Xesus Johnston, CEO of SVL’s main [...]

Johnston: Supreme Ventures stepping up its game

Kimberley Hibbert – Jamaica Observer – February 14, 2021 CHIEF executive officer (CEO) of Supreme Ventures Limited (SVL) subsidiary Prime Sports Ltd, Xesus Johnston, says the company is placing greater focus on its product, distribution and brand to effectively compete with the new lottery player Mahoe Gaming, which last week broke the gaming monopoly that [...]