Tag Archives: Super Group

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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India’s Supreme Court grants online gaming sector final hearing against 28% GST hike

SBC News India’s Supreme Court grants online gaming sector final hearing against 28% GST hike

India’s online gaming industry has been given another chance to challenge the decision by PM Modi’s cabinet to increase the Goods and Service Tax (GST) levy for the sector from 18% to 28%.  The country’s Supreme Court has now asked for further comments by the Indian government in response to a plea filed by a number of online gaming entities …

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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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GiG enhances Comply solution for Betway affiliates

SBC News GiG enhances Comply solution for Betway affiliates

Gaming Innovation Group (GiG), has enhanced its agreement with Betway, the flagship sportsbook brand of Super Group Inc, providing its automated affiliate media compliance and screening tool – GiG Comply. Developed by GiG’s media unit, the Comply tool helps ensure affiliate programmes are fully aligned with all brand and responsible gaming requirements of respective markets. Jonas Warrer, CEO of the …

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Super Group confirms immediate India exit 

SBC News Super Group confirms immediate India exit 

Super Group, the parent company of Betway and Spin brands, this afternoon announced that it has ceased all activities in India.    The decision follows the Indian government processing its new Goods and Services Tax, which is effective as of 1 October 2023.  This summer, India’s Parliament approved the Goods and Services Tax Council (GST) to amend tax rates applied to …

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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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Betway to utilise Sportal365’s ‘superior’ CMS technology for increased engagement

SBC News Betway to utilise Sportal365’s 'superior' CMS technology for increased engagement

Betway has announced a partnership with Sportal365, which will see the latter power the global content creation strategy for the operator’s full web and applications portfolio. The company will now become the ‘go-to’ sport content management system (sports CMS) for 27 digital content properties of Super Group-owned Betway across the globe.  Anthony Werkman, CEO of Betway, noted: “Betway always aims …

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