Supreme Ventures Limited (SVL) expects to generate up to $2.6 billion in additional revenue this year led by increased draws, a new game and increased sports betting driven by the FIFA World Cup.
That would equate to single-digit growth on the $35 billion in revenues earned last year.
“We expect growth from all our initiatives to see an increase in the region of $1.5 to $2.6 billion ,” said Brian George chief executive officer and president of SVL, in his address to shareholders at the Knutsford Court Hotel in Kingston yesterday.
A large chunk of the proposed revenue rise between $434 to $869 million will come from the addition of an early morning game draw. That is based on a 30-week sales projection, according to George’s powerpoint presentation. That draw will be broadcast at 8:30 am.
The company will also announce a new game called Top Draw.
But George avoided revealing specifics, opting to wait for its launch later this year.
Published in the Jamaica Observer
Read Full Article →