SVL testing mobile betting app, as BGLC tackles online gaming regulations Business Jamaica Gleaner

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Supreme Ventures offers lottery games, sports betting and, more recently, horse racing as new owner of the Caymanas Park track. The current tests of the betting app is being done with its sports betting product, JustBet, the lottery and gaming company said on Wednesday. Definitely willing to bet that was done on purpose, the responder rejected the offer half the time. American buffalo slots for example, you have an offer for twenty free spins.

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Douglas Halsall, the CEO of Advanced Integrated Systems Limited, disclosed that Supreme Ventures Limited has chosen his company as the technology partner for its mobile betting app, using its Quisk platform. The BGLC is the Statutory body that licenses, regulates and monitors the local gaming industry, facilitates its growth and development and protects the public from unfair, unscrupulous and illegal activities. “Ensuring that operators of gambling establishments are licensed is part of the BGLC’s mission to enable Jamaica’s gaming industry to operate in a structured and disciplined manner and is crime free. Through licensing, consumers who participate in gambling will be confident that gaming is conducted fairly and that vulnerable citizens are protected,” Mr. Thompson pointed out. Director of Licensing and Registration at BGLC, Maurice Thompson, told JIS News that in order to operate legally within the gaming industry, all machines must be licensed.

Revel Casino Hotel and The Atlantic Club Casino Hotel have not divulged their online gambling plans. Atlantic City’s casino revenue has plunged from a high of US$5.2 billion in 2006 to a little more than US$3 billion last year and could dip below that mark by the end of this year. Thousands of casino jobs have been lost already as many gamblers choose options closer to their homes in Pennsylvania, New York and Maryland. Online gambling is designed to give the struggling casinos new revenue, though some worry the in-person business will simply migrate to computers, leading to casino job losses. The state is preparing for the launch of online gambling in New Jersey, which will begin November 26 after a five-day invitation-only test period to make sure all the systems work properly. “SVL has adopted mobile money, which provides an automatic audit trail for each bet and returns the role of KYC and source of funds monitoring to the banks,” the technology provider said.

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He said Supreme Ventures took those issues into account for its betting service. SVL, as the largest operator, took in $56 billion in annual revenue in 2017. At last report, industry revenue topped $135 billion in fiscal 2016, while $5.7 billion flowed to the Government.