Betway parent Super Group seeks U.S. expansion as revenue and EBITDA dip in FY22

Betway parent Super Group seeks U.S. expansion as revenue and EBITDA dip in FY22

Article brief provided by iGaming Business
  • Marese O'Hagan, iGaming Business
March 15, 2023 8:12 PM
  • Marese O'Hagan, iGaming Business

Betway’s parent company Super Group has reported revenue of €1.29bn ($1.38bn) for 2022, in a year that saw declines across the board. Super Group’s revenue was down by 2.1% year-on-year.

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During the year, Super Group made a number of strategic moves. Its $4.75bn merger with SEAC was completed in January 2022, following shareholder approval. In June, four of its brands – which included its main gaming brand Spin – received approval to launch in Ontario.

In the early days of January this year, Super Group received approval to launch in the US after it acquired Betway’s local operations there.

Neal Menashe, CEO of Super Group, said the company was interest in expanding its global footprint – particularly in the US.