Super Group (SGHC) Limited (NYSE: SGHC) is the parent company of Betway, an online sports betting brand, and Spin, a multi-brand online casino offering. The company was founded in 2006 and went public on the New York Stock Exchange in January 2022. For the most recent full financial year, Super Group reported revenue of EUR 1.48 billion in 2023.
Super Group offers sports betting and online casino products through its Betway and Spin brands. Betway provides sports betting and iGaming entertainment, while Spin operates multiple online casino brands. The company's offerings are underpinned by its proprietary technology platform and data analytics capabilities, enabling quick entry into new markets. As of May 2024, Super Group was licensed in 25 jurisdictions globally, with a presence across Europe, the Americas, and Africa.
In May 2024, Super Group announced plans to acquire full control of its sportsbook software technology from longtime partner Apricot for approximately EUR 140 million. The company reported record revenue of EUR 379.3 million in Q1 2024, up 12% year-over-year, driven by growth in Africa and North America. In July 2024, Super Group revealed intentions to exit the US sports betting market, while maintaining its iGaming presence in New Jersey and Pennsylvania through its Spin brands.
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