Super Group posts $1.53bn in FY21 NGR

Super Group, the holding company behind online operators Betway and Spin, has posted a full year 2021 net gaming revenue (NGR) of $1.53bn (£1.13bn). Super Group noted the $1.53bn figure was in line with management guidance for 2021. The $1.53bn posted in NGR represents a 36% year-on-year (YoY) growth from full year 2020, while H1 2021 EBITDA leapt 87% compared to the same period in 2020. Super Group also noted a significant increase in average monthly active customers in 2021. In H2, there were more than 2.7 million average monthly customers across the Betway and Spin brands, a YoY increase of 45%. Additionally, Super Group revealed it managed to secure a “robust” trading performance in H2 2021 despite two major impacts on operations. The firm reported a lower trading margin in October, while regulatory impacts in Germany and the Netherlands in June and October respectively also had an impact. However, Super Group did note November and December showed “continued strong growth” as the year came to a close. The Betway and Spin brands also outstripped their combined market penetrations by launching in nine new regulated markets in 2021 compared to just two in 2020. In April, Super Group agreed a £3.6bn SPAC merger with Sports Entertainment Acquisition Corporation in a move which will see the Super Group business go public, valued at £3.4bn. Neal Menashe, Super Group CEO, said: “2021 was a pivotal year for Super Group and we achieved our key aims of continued growth while expanding our global footprint. “The Betway brand opening for business in the US was a headline achievement among a number of other new territories, while we also maintained focused growth in our existing markets. All of that was achieved against the backdrop of preparing the business for listing,” he added.