Super Group (SGHC) Ltd
For the period ended Dec 31, 2024. Filed Apr 3, 2025.
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The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.
FY2024 · Filed Apr 3, 2025
Contents
Overview
We are a leading global online sports betting and gaming operator with a mission to responsibly provide first-class entertainment to the worldwide online betting and gaming community. Our strategy for achieving this goal is built around three key pillars:
- Expanding our global footprint into as many regulated markets as possible in order to engage with as many customers as we can possibly reach;
Our predecessor holding company, SGHC Limited, was incorporated in July 2020. On October 7, 2020, it became the ultimate holding company for a group of companies through a subsequent restructure of entities with common ownership. Super Group (SGHC) Limited, the parent company of SGHC Limited, was incorporated on March 29, 2021. Following a corporate reorganization, our business includes Pindus Holdings Limited and its subsidiaries, Yakira Limited, Gazelle Management Holdings Limited and Raging River Trading Proprietary Limited, which collectively operate the portion of our business known as Betway, and Fengari Holdings Limited and SG Media Limited, which collectively operate the portion of our business known as Spin.
In January 2022, we entered into a Business Combination Agreement with Sports Entertainment Acquisition Corp., a Delaware corporation (“SEAC”), SGHC Merger Sub, Inc., and Sports Entertainment Acquisition Holdings LLC (the “Business Combination”).
As of the date of this Report, our subsidiaries are licensed in 20 jurisdictions and collectively we have approximately 3,300 employees. During 2024, on average, over 4.8 million customers per month yielded €3.6 billion in wagers per month. During 2024, total wagers amounted to €43.8 billion. Our business generated €1.7 billion in net gaming revenue for the year ended December 31, 2024 in different geographic regions, including North America, South America, Africa and the Middle East, Europe, and Asia-Pacific, such regions accounting for 36%, 1%, 39%, 16% and 8%, respectively, of our total revenue in 2024.
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