Betway owner Super Group expects revenue to reach $762.2m in first half

| By Robert Fletcher
Super Group, the holding company of online sports betting and gambling operator Betway, said it remains on track to hit its full-year targets after revealing that net gaming revenue for the first half is expected to reach $762.6m (£558.5m/€650.2m).

The business, which also operates a multi-brand online casino offering Spin, did not publish its full results for the first half at this stage, but did confirm that estimated earnings before interest, tax, depreciation and amortisation (EBITDA) for the period will be “well within” management expectations.

Super Group added that its performance in the first half and expected showing for the rest of 2021 means it is on track to meet its financial outlook for the full year.

In April, Super Group entered into a definitive agreement to merge with special purpose acquisition business Sports Entertainment Acquisition Corp. (SEAC) and expand its offering into the US market.

Under the arrangement, Super Group is set to combine with SEAC and apply to list shares on the New York Stock Exchange under the new ticker symbol ‘SGHC’, with the new business to operate under the name Super Group.

Read the full story on iGB North America.

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