Connect with us

Latest News

Super Group Reports Financial Results for Second Quarter of 2025

Published

on

super-group-reports-financial-results-for-second-quarter-of-2025
Reading Time: 2 minutes

 

Super Group has reported its highest quarterly revenue to date, reaching $579 million in the second quarter of 2025, a 30% increase year-on-year from $447 million in Q2 2024.

The results continue the growth momentum from Q1, when the company posted $516.8 million, a 25% rise from the prior year.

The company’s growth was primarily fueled by activity in Africa, Europe and North America, although declines were noted in Latin America, the Middle East and Asia-Pacific markets. Africa and the Middle East remained the largest revenue contributors, accounting for 40% of group revenue in Q2, slightly up from 37% the previous year. North America and Europe followed with 34% and 19% of total revenue, respectively.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Betway led the revenue share, generating $355 million in Q2. Within this, Africa and the Middle East produced $225 million, up from $164 million a year earlier. Europe contributed $81 million, up from $49 million in Q2 2024.

Betway’s North America operations, primarily in Ontario after the company exited the US market, accounted for $41 million in revenue, compared with $37 million in the prior year. Meanwhile, Spin Casino recorded $162 million in North American revenue, an increase from $120 million in Q2 2024.

Impact of US market exit

Super Group’s planned full exit from the US iGaming market, meaning the closure of its remaining operations in New Jersey and Pennsylvania, is expected to impact financial results. The exit, which has no specific public date, is expected to result in a $30 million to $40 million loss in adjusted EBITDA.

“While our decision to exit the US was difficult, we believe that this step demonstrates our commitment to capital efficiency and long-term profitability. With continued focus on scaling our technology globally, Super Group should be even better positioned for sustained, profitable growth,” said Super Group CEO Neal Menashe.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

According to CFO Alinda van Wyk, the second quarter represented Super Group’s strongest quarterly financial performance to date, attributing the results to the company’s scalable, cost-efficient operating model and its controlled marketing spend.

“We ended the quarter with $393 million in unrestricted cash and zero debt, and returned $20 million to shareholders, bringing our 12-month capital returns to $166 million,” said van Wyk.

Following Q2 results, Super Group raised its full-year group adjusted EBITDA guidance to between $470 million and $480 million. The company also adjusted its ex-U.S. adjusted EBITDA guidance upward to a range of $500 million to $510 million.

Super Group’s activity in Africa and the Middle East has continued to expand. Across its eight African markets, Super Group holds a podium position in seven, with Ghana showing notable growth—sports betting and casino revenue increased by 48% and 71%, respectively.

Menashe noted: “We had a super first half of 2025, driven by a record-breaking second quarter. The quarter’s success was fueled by strong execution across our key markets, a full calendar of global sporting events, increased deposits, high customer retention, and margin expansion.”

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

The post Super Group Reports Financial Results for Second Quarter of 2025 appeared first on European Gaming Industry News.

Latest News

Red Rake Gaming Unveils “Sherlock and the Stolen Gems,” a Slot Full of Mysteries and Big Wins

Published

on

red-rake-gaming-unveils-“sherlock-and-the-stolen-gems,”-a-slot-full-of-mysteries-and-big-wins
Reading Time: 2 minutes

 

Red Rake Gaming expands its slots portfolio with the launch of Sherlock and the Stolen Gems, an exciting new adventure starring the most famous detective of all time. This slot invites players to solve the mystery of the missing gems, combining an immersive atmosphere with innovative features that elevate the gameplay experience.

With a 6×6 reel format, Cluster Pays, and the thrilling “Cascading Reels” feature, each spin can trigger a chain of winning combinations that keeps the pace and excitement alive at every moment.

Among its key features are the “Sticky Clusters,” activated when clusters of seven or more identical symbols connect horizontally or vertically. These clusters lock in place on the screen and trigger a Respin on the remaining symbols. Furthermore, the locked clusters can expand during subsequent Respins, creating a highly attractive cumulative effect. The “Expanding Sherlock” feature kicks in after a win, expanding the reels to an 8×8 format and awarding an additional Respin, significantly increasing the winning potential.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Sherlock’s eternal rival, Moriarty, also makes an appearance with a unique feature that transforms the symbols around him into one single powerful 3×3 cluster with great winning potential.

The Free Spins Round is triggered by landing three or more BONUS symbols and takes place on the expanded 8×8 reel grid. During this phase, the Big Ben meter comes into play, allowing players to collect BONUS symbols to earn extra spins and powerful multipliers, adding an extra layer of excitement and reward.

With a captivating storyline, high-quality graphics, and features designed to maximize player engagement, this slot is a must-have addition for operators seeking differentiated, high-performing content.

With this new release, Red Rake Gaming continues to strengthen its portfolio with dynamic and innovative titles tailored for all markets. Furthermore, this slot—like the rest of the company’s offering—is integrated into Red Rake’s well-established tournament tool, enhancing player engagement and entertainment even further.

The post Red Rake Gaming Unveils “Sherlock and the Stolen Gems,” a Slot Full of Mysteries and Big Wins appeared first on European Gaming Industry News.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
Continue Reading

Latest News

With Stake Engine, developers can launch a game in as little as 24 hours

Published

on

with-stake-engine,-developers-can-launch-a-game-in-as-little-as-24-hours
Reading Time: 2 minutes

 

Stake Engine continues its path of innovation and transformation within the developer ecosystem. Today, as part of its official launch to everyone, the more than 6,000 developers who have signed up to be part of the new generation of iGaming creators will gain access to major innovations: an iGaming industry’s fully integrated developer testing tool – purpose-built for games running on the Stake Engine Remote Gaming Server (RGS) – a new developer forum designed to connect developers, share insights, and inspire creativity, and an accelerated approval process enabling games to go live in just 24 hours.

Instant game testing

The newly launched Stake Engine Developer Testing Tool allows developers to test their games directly within the Stake Engine RGS environment – eliminating the need for separate staging setups. Key capabilities include:

  • Instant toggling between currencies, languages, and device types.

  • Wallet balance simulation to test transaction scenarios across the player journey.

  • Seamless switching between local development builds and live published versions.

“This is the first time iGaming developers can test so flexibly and directly on the same system that powers their live games,” said Hayden Bruin, Engineer at Stake Engine. “We’ve built a tool that removes friction, speeds up testing, and makes creativity easier to execute.”

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Stake Engine Community forum: Officially live for collaboration

Launched in parallel, the “Stake Engine Community” forum will serve as a central meeting place for the Stake Engine development community, offering:

  • Expert insights and tailored recommendations.

  • A space for Q&A with peers and Stake Engine experts.

  • Discussion boards to share solutions, knowledge, and inspiration.

Empowering Speed, Quality, and Creativity

“With the launch of our testing tool and forum, we’re giving developers the speed, confidence, and collaborative environment they need to deliver exceptional gaming experiences,” added Hayden Bruin, Engineer at Stake Engine.

With the official launch of these two initiatives, Stake Engine takes a significant step toward streamlining development cycles and fostering a thriving creative ecosystem for iGaming.

Developers now benefit from monthly payments and a transparent view of their total bets, along with an accelerated approval process that gets games live in just 24 hours. This reduces barriers and speeds innovation. And this is only the beginning: provably fair and stateful games are on the horizon, set to open new possibilities for transparency, trust, and gameplay innovation.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

The post With Stake Engine, developers can launch a game in as little as 24 hours appeared first on European Gaming Industry News.

Continue Reading

Latest News

Booming Games Unleashes the Aussie Outback in Bonza Bucks Hold and Win Extreme 10,000

Published

on

booming-games-unleashes-the-aussie-outback-in-bonza-bucks-hold-and-win-extreme-10,000
Reading Time: < 1 minute

 

Get ready to hit the Outback in Bonza Bucks Hold and Win Extreme 10,000, the latest thrill ride from Booming Games – Win up to a staggering 10,000x your bet!

Packed with high-energy action, this 5×3 slot adventure brings you face-to-face with kangaroos, dingoes and crocs as you chase massive wins across 25 paylines. Collect Coins for a chance to trigger the Roo Bonus to win prizes such as win multipliers, Mini or Major Bonuses or the electrifying Hold and Win feature.

During Hold and Win, land coins to unlock more reel sets, each completed grid will award a X2 win multiplier on all prizes! Keep spinning to unlock and fill all 4 in order to grab the ultimate Grand Prize: a win worth up to 10,000x your bet!

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Want to dive straight into the action? Use the Buy Feature to jump right into the bonus round and hunt for those bonza bucks! Bonza Bucks Hold and Win Extreme 10,000 delivers the perfect mix of excitement and potential for truly colossal wins.

So, lace up your boots, head into the wild, and see if you have what it takes to conquer the Outback’s most rewarding challenge!

“With Bonza Bucks Hold and Win Extreme 10,000, we’ve taken a proven player favourite mechanic and injected it with even more adrenaline & excitement” said Craig Asling, Director of Product at Booming Games. 

“This release isn’t just about raising the max win—it’s about delivering nonstop excitement through dynamic features, upgraded visuals, and gameplay that keeps players coming back for more. It’s a wild ride through the Outback, and we can’t wait to see how it performs across global markets.”

The post Booming Games Unleashes the Aussie Outback in Bonza Bucks Hold and Win Extreme 10,000 appeared first on European Gaming Industry News.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
Continue Reading

Trending

Get it on Google Play

Fresh slot games releases by the top brands of the industry. We provide you with the latest news straight from the entertainment industries.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - Recent Slot Releases is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania