AGCO approved licences for each of Jackpot City, Royal Vegas, Ruby Fortune and Spin Casino, all owned by Super Group subsidiary Cadtree Limited. While many licences in the market are for only one year, each of these will last two years, until June 2024.
This follows Super Group’s sports betting-led brand Betway receiving a licence in April.
Last month, Super Group reported revenue of $344.5m (£274.4m/€322.5m) in Q1 – its first quarter as a publicly listed business. Revenue from Spin, though, declined by 4.5% $147.5m.
However, in its earnings call, chief executive Neil Menashe said it could be “tough to meet or exceed our 2022 revenue guidance”.