FTC commences investigation into the termination of Agent Agreements by Supreme Ventures Limited

The FTC has commenced investigation into the complaints against Supreme Ventures Limited (‘SVL’) regarding SVL’s termination of the Full Service Agent Agreement with several of its agents. The agreement permits agents to sell lottery tickets and engage in other transactions on SVL’s behalf. The complaints indicate that the Agreements have been terminated because they have started to sell the products of SVL’s competitors.

The investigation is being conducted pursuant to section 19-21 of the Fair Competition Act (‘FCA’), which applies to the abuse of a dominant position.  Accordingly, the FTC will seek to determine whether the alleged conduct of SVL has had, is having or is likely to have the effect of lessening competition substantially in the market for lottery services in Jamaica and in so doing, assess the harm to rivals and consumers.