Tag Archives: Neal Menashe

Super Group optimistic of growth in 2024

SBC News Super Group optimistic of growth in 2024

Super Group has provided comments on the company’s 2023 performance, expressing optimism about further growth in the year ahead. The parent company of Betway and Spin, Super Group closed the year strong and reiterated its 2023 ex-US financial guidance of revenue of €1.35bn and operational EBITDA of at least €240m. Speaking in advance of the Needham Growth Conference on 16 …

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US performance improves for Super Group but Q3 profit takes a hit

Betway, Super Group

Growth continued for Betway and Spin parent company Super Group across all geographic frontiers except for the Asia-Pacific region during third quarter trading. Overall group-wide revenue from across the company’s global business was recorded at €356.9m at the quarter’s end, up 16% from €307.8m in Q3 2022 although the group noted that growth potential had been offset. Operational EBITDA also …

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Super Group confident in US strategy despite Q2 hurdles

SBC News Super Group confident in US strategy despite Q2 hurdles

Super Group, the parent company of the Betway and Spin brands, has said it remains focused on ‘future growth opportunities’ to strengthen its commercial profile across multiple jurisdictions in its newly posted financial results for Q2 2023. The NYSE-listed online gambling group revealed a rise of 19% in corporate revenues to €380.8m (Q2 2022: €308.6m), citing accelerated growth across Africa, …

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Super Group ascends into Russell 2000 index

Super Group

Super Group (SGHC), the parent company of Betway and Spin brands has reached a ‘corporate milestone’ having been accepted in the Russell 2000® Index. The achievement follows less than a year-and-half since Super Group public listing on the New York Stock Exchange (NYSE). Furthermore, the inclusion will also enlist Super Group in the broader Russell 3000® Index, regarded as the …

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Super Group keeps positive North American vibes despite 2022 drags

Super Group

Super Group Inc cites that it has matched its revised 2022 corporate expectations, having completed its first full-year as an NYSE-listed enterprise.  This afternoon, the parent company of Betway and Spin brands published its Q4 and FY2022 results, in which the company reported a fourth-quarter revenue decline of 3% to €329m (Q42021: €341m). The decline in period revenues was primarily …

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Super Group completes DGC takeover for expanded US toolkit

Super Group

In a major boost to its business in North America, multinational gaming firm Super Group has finalised its takeover of Digital Gaming Corporation (DGC). The group’s new holding had been a partner of the Guernsey-based group since 2021, which notably operates the Betway sportsbook and Spin Casino brands. Super Group first agreed terms to acquire DGC in early 2022 ahead …

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Super Group cancels NYSE warrants and earnouts

SBC News Super Group cancels NYSE warrants and earnouts

Super Group, the owner of the Betway and Spin brands, has announced its decision to cancel private warrants and earnout waivers related to its NYSE listing.  Following a revision of its NYSE shareholdings and stock compensation, the governance of Super Group has decided to remove the potential issuance of approximately 78.8m company ordinary shares. The decision will lower Super Group’s …

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Super Group maintains 2022 targets despite Q3 slowdown

Super Group

 Super Group Inc (SGHC) continues to navigate against macro headwinds impacting the performance of its flagship Betway and Spin brands across global jurisdictions. Publishing its Q3 trading update, the NYSE online gambling group registered corporate revenues of €308m, down 2% on 2021 comparative results of €312m. The decline in headline revenues was primarily attributed to the slowdown of the Spin …

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Super Group reiterates €1bn 2022 revenue projections

Super Group

Expecting to significantly expand its US presence in the new year, Super Group continues to project strong revenue growth to close the year.  Issuing an update to its NYSE investors, the Malta-based reiterated its predictions 2022, maintaining that it will achieve revenue of between €1.15bn and €1.28bn and Adjusted EBITDA of between €200m and €215m, respectively. In an assessment of …

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