Tag Archives: Neal Menashe

Super Group (SGHC) has declared its “best year in business”, successfully navigating significant corporate adjustments following Betway’s exit from the US market. Publishing its Q4 and full-year 2024 accounts, the NYSE group and  parent company of Betway and Spin brands reported record group revenues of €1.7bn, up 21% on FY2023 results of €1.4bn. The year ended on a high as …

Super Group (SHGC) has announced a special cash dividend for shareholders after surpassing its 2024 financial targets. The NYSE-listed company raised its full-year revenue guidance to €1.6 billion (from €1.55 billion) and increased its ex-US Adjusted EBITDA guidance to at least €360 million up from €345 million. Earlier in Q3, company leadership had boosted its FY2024 guidance, expressing confidence that …

Stormy forecasts continue to besiege the leadership of global gambling PLCs as they navigate arduous journeys towards growth and regulatory resolutions. Perhaps a foreboding of leadership’s current malaise, the morning of Day Two of the SBC Summit was beset by an Atlantic storm over Lisbon, with conditions locals deemed not for the faint-hearted. Rushed to the Summit’s media HQ, Neal …

Chelsea FC has confirmed that Betway will serve as its official European betting partner. Under this multi-year agreement, Betway will display its branding on LED advertising boards around the pitch during all home league and domestic cup matches. The deal also provides Betway with digital and social media rights, enabling the brand to connect directly with Chelsea’s global fanbase. The partnership grants …

Online betting firm Betway has confirmed a new sponsorship deal with Italian Serie A side Bologna FC. The company’s branding will appear across LED boards around Bologna’s Stadio Renato Dall’Ara home stadium. Fan engagement is an added element, similar to Betway’s existing football partnership deals. The duo are planning VIP tickets and ‘money-can’t-buy’ experiences for fans of the team, such …

Super Group has declared ‘exceptional trading’ to post its highest ever revenue and adjusted EBITDA results. The NYSE online gambling group filed its Q2 2024 accounts, generating all-time high revenues of €414 million, up 9% compared to the 2023 figures of €380 million. Peak revenue results were achieved despite the Betway brand’s exit from the US markets, as group accounts …

Betway will begin its ‘planned exit’ from US sportsbook markets, as announced by NYSE-listed parent company Super Group. The decision follows an ‘extensive internal review’ undertaken by Super Group which determined the closure of Betway’s US offering in the states of Arizona, Colorado, Indiana, Iowa, New Jersey, Ohio, Pennsylvania, and Virginia. H1 trading saw Super Group declare that it had …

Super Group has announced an agreement to assume full control of its sportsbook software technology. The parent company of Betway will now take over from its current licensee Apricot in a bid to get closer to its goal of fully owning and controlling its sportsbook offering.  Super Group says that this will allow it to apply the technology stack to …

Super Group has revealed that it has started the year with increased revenue driven by strong tailwinds across Africa and Canada.  Diving into its Q1 earnings call, the NYSE-listed tech company reported a 12% increase in revenue to €379.3m from the €338.5m for the previous corresponding period.  In the call, Neal Menashe, CEO of Super Group, labelled the result as …

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 …