Supreme Ventures Limited has announced the expansion of its betting, gaming and lottery offer into Guyana, after receiving approval from Guyana Gaming Authority and the Guyana Revenue Authority.
The Jamaican betting firm has already set up its first iGaming retail space this month, under its two subsidiary firms Supreme Ventures Guyana Holdings Inc and Supreme Ventures Enterprise Inc.
“To date, we have invested a little under $100m in the start-up of the business, including the purchase of the iconic Satro building on Croal Street in Georgetown, which will house a state-of-the-art gaming lounge space,” said Supreme Ventures CEO Ann-Dawn Young Sang.
“Guyana is an excellent prospect, based on their economic indicators such as GDP growth and the imminent start of oil production in the country.”
The company, which last year recorded revenue of $436m, intends to open a series of retail premises across Guyana during H119, aiming to increase its international footprint, and drive betting numbers on its recently acquired Caymanas Park racecourse, Kingston.
SVL will also increase the options available to punters by going beyond the fixed-odds options offered by Guyanese operators, launching a pool betting service to bridge the two American continents.
“This opens up the market to a much larger pool of betting on races in Jamaica and the US – the bigger the pool the bigger the payout on winnings,” said Young Sang.
The firm’s Super Lotto product, available in eight countries, will also boost the current betting options provided by the country’s two casinos and one existing rival – the Guyana Lottery Company.