Super Group will apply for three online gambling licences in New Zealand when the Department of Internal Affairs opens the tender process. The Betway operator has been active in the market for several years and reported 14% year-on-year revenue growth in the region during Q2, while cutting marketing spend.
CFO Alinda Van Wyk confirmed the company 'will likely apply for three licences' out of 15 available. New Zealand's government opened an expression-of-interest window in July; the regulated market is scheduled to launch in 2027. Each operator may hold up to three licences, with a minimum capital requirement of NZ$7.5 million. Entain, which runs the TAB monopoly in the country, also plans to request three licences.
UK: market share gains and consolidation
Super Group does not disclose separate UK revenue, but the market contributed to 19% European revenue growth, reaching $132 million. CEO Neal Menashe said the company is gaining share following the April increase in Remote Gaming Duty. Van Wyk did not rule out acquiring smaller operators: 'I am 100% confident that there will be operators in the future whose share we can fold into our business.'
Adjusted EBITDA rose to $204 million in Q2, up from $157 million a year earlier. Profit reached $123 million, compared to a $3 million loss in the prior year. Full-year revenue guidance was raised to $2.6 billion, with EBITDA expected above $710 million. Casino cross-sell among new customers during the World Cup hit 50% after platform centralisation.
