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Supreme Ventures Entertainment Ltd driving profit for group

Supreme Ventures Entertainment Limited, a subsidiary of Supreme Ventures Limited, is expected to be a driver of profit this year.
 
Since the acquisition of Caymanas Park horse racing track six years ago, the company has invested about $3.6 billion in rebranding and upgrading the facilities.
 
Group Chairman Gary Peart told shareholders at the company's annual general meeting last week that improvements in marketing and product offerings were reflected in ticket sales.
 
He said ticket sales climbed above the $10 billion mark for the first time last year following a 19 per cent spike.
 
Supreme Ventures Entertainment Limited, operator of the horse racing track, generated earnings of $162.5 million last year due to deferred taxes, spinning from a loss of $85.9 million in 2021.


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