Super Group has decided to fully withdraw from the US market as regional intricacies continue to shape the local landscape. The company was listed on NYSE three years ago. Since then, it pursued market share by deploying its two flagship brands – the Betway sportsbook and the Spin online casino. Going toe-to-toe with major domestic competitors like FanDuel and DraftKings, …
Read More »
Less can sometimes mean more when it comes to international expansion, Super Group CEO Neal Menashe tells the new issue of SBC Leaders magazine. The Betway owner has withdrawn from Portugal, France, Belgium and India since it floated on the New York Stock Exchange in 2022, reducing its number of licences to 17. Despite those retreats, Super Group has thrived …
Read More »
Super Group, the parent company of the Betway sportsbook and Spin online casino, reported positive trading for Q1 2025, including a continuing strong contribution from North American activities. The company has been embarking on a streamlining strategy over the past year or two, including exiting some markets across multiple continents in a bid to improve operational efficiencies and focus on …
Read More »
The leadership team of Super Group maintains that there is “plenty of room for growth across all markets” for the NYSE-listed gambling group, which has demonstrated its operational strength in 2024. Speaking to investors, Group CEO Neal Menashe described 2024 as “an outstanding year” but emphasised that Super Group had begun executing its strategy in 2023, setting new high-bar objectives …
Read More »
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 …
Read More »
Super Group has formed a multi-year partnership with Formula 1 team Atlassian Williams Racing. The NYSE-listed company’s Betway and Jackpot City brands will now appear on the team’s FW47 cars from the start of the 2025 F1 season, which gets underway in Melbourne, Australia next month. Neal Menashe, Super Group CEO, stated: “We are delighted to join the thrilling world …
Read More »
Super Group, the parent company of Betway, has announced that its Q4 2024 is expected to come back as its strongest ever ex-US quarter. Total Revenue hit approximately €486, and Adjusted EBITDA, a non-GAAP financial measure, of between €125m and €130m. During the quarter, the group projects to have set a number of new monthly ex-US records, with December being …
Read More »
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 …
Read More »
The board of Super Group (SGHC) has notified investors that Richard Hasson will step down as President and Chief Commercial Officer (CCO) of the NYSE-listed online gambling group in 2025. The resignation was announced via a corporate filing, which detailed Hasson’s intentions to resign as an executive and board member of Super Group. Investors were informed: “The effective date of …
Read More »
Betway has decided to exit Brazil just a few months before the market’s planned regulatory launch in January. Telling customers in the region to withdraw their outstanding balances, no additional information was provided by the operator. “Dear Betway customers, unfortunately we have decided that we will not continue in the process to acquire the regulated licence offered in the country. …
Read More »
SBC News Voice of the Sports Betting Industry