Tag Archives: Neal Menashe

Super Group states that it has overcome a challenging 2023, in which its corporate performance was dragged down by US-specific impairments impacting profitability. This afternoon, the parent company of Betway and Spin brands published its Q4 and full-year 2023 preliminary results, concluding by declaring its “highest ever total revenue for a fourth quarter of €359m,” a 9% increase on 2022 …

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 …

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 …

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, …

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 …

Super Group Inc, stands by its global growth strategy despite witnessing a performance slowdown in North America and Asia during Q1 trading.  The parent company of Betway and Spin brand recorded a 1% increase in Q1 2023 revenues to €338m (Q12022: €334m). The slowdown in revenues was primarily attributed to a 13% decrease in North American income to €130m, due …

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 …

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 …

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 …

 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 …