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 Q1 drags amid North American adjustments
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 …
Read More »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 …
Read More »Super Group keeps positive North American vibes despite 2022 drags
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 …
Read More »Super Group Comms Director Alan Alger steps down from transformed Betway
Alan Alger has confirmed on Linkedin that he is departing his position as Director of Corporate Communications for Super Group, having worked with the firm during a transformational period. Having first joined Betway Group in November 2014 as a PR Manager, Alger climbed the ranks of the operator over the following eight years to become Head of Corporate Communications and …
Read More »Super Group offloads non-core B2B unit to Games Global
Super Group has announced the sale of all ‘non-core B2B’ assets to Games Global, choosing to focus all growth on Betway and Spin brands. The proposed sale of B2B assets was agreed with Games Global who will acquire the Super Group subsidiary Digital Gaming Corporation (DGC B2B). Founded in 2021, Games Global is the new venture of gambling figurehead Walter …
Read More »Super Group launches $25m buyback programme for 2023
Super Group Inc, the parent company of the Betway and Spin brands, notified investors this morning that it has authorised a share repurchase program capped at $25m (€23m) of the value of ordinary shares. The repurchase programme will be available through 31 December 2023, a period that can be extended or shortened by Super Group’s Board of Directors. Investors were …
Read More »Betway to utilise Sportradar’s ad:s and AV offering in partnership expansion
Sportradar has secured an extension of its partnership with Betway, continuing as the international operator’s sports data and technology provider. The Super Group betting brand currently leverages Sportradar’s sports betting services, but the new scope of the agreement will incorporate the firm’s ad:s platform and Audio Visual (AV) services, featuring a global portfolio of live streaming sports content. Regarding ad:s, …
Read More »Super Group completes DGC takeover for expanded US toolkit
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 …
Read More »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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