INTRALOT: SUCCESSFUL PRESENCE IN JAMAICA
SVL PROFITS UP 77% IN 2012
Supreme Ventures Limited (SVL), a leading public listed gaming company in Jamaica, in which INTRALOT holds a strategic stake, announced its FY2012 results. The financial performance of SVL for 2012 improved significantly year over year, achieving its best performance since the company was listed in the Jamaican Stock Exchange in 2006.
SVL’s Consolidated Revenues for FY2012 increased by 6.0% reaching $US 306.8m, compared to 2011. EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) posted a 31% increase reaching $US 17.4m. EAT-am (Earnings After Taxes and after minorities) were shaped at $US 11.3m posting an increase of 77% over 2011.
Mr. Nikos Nikolakopoulos, Managing Director of INTRALOT Latin America and Member of SVL’s BoD, stated: “The Company's performance was achieved on improved revenue streams following the recent reorganisation of the company's operations. In 2013, we will continue the strategy of realigning our operations to become more efficient and to focus on our core competence of gaming.”
About Supreme Ventures Limited (SVL)
SVL is a public listed company that started operations in 2001. It is one of the leading and more dynamic companies in Central America and the Caribbean. As the dominant lottery company in Jamaica, SVL employs about 2,500 people through its extended network of over 1,000 Points of Sale. Its large portfolio of lottery games includes Cash Pot, Lotto, Pick 2, Pick 3, Pick 4, Dollaz, Lucky5 and Winquick (Instant Win). The Company is also a participant in the multi-jurisdictional lottery game, Super Lotto. INTRALOT acquired a stake of the company in 2008, increasing its participation in 2010. SVL already uses INTRALOT’s technology for its sports betting operations with respect to the JustBet brand. INTRALOT has also undertaken the operation of its Electronic Monitoring System, “iGEM” and related services for the monitoring of the Video Lottery Terminals that are deployed at the SVL Gaming Lounges countrywide.
INTRALOT, a public listed company, is the leading supplier of integrated gaming and transaction processing systems, innovative game content, sports betting management and interactive gaming services to state-licensed gaming organizations worldwide. Its broad portfolio of products & services, its know-how of Lottery, Betting, Racing & Video Lottery operations and its leading-edge technology, give INTRALOT a competitive advantage which contributes directly to customers’ efficiency, profitability and growth. With presence in more than 53 countries, with approximately 5.500 people and revenues of €1.2 billion for 2011, INTRALOT has established its presence on all 5 continents.