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SGHC Ltd (N:SGHC)

Business Focus: Casinos & Gaming

Sector:  Consumer Cyclicals Industry:  Casinos & Gaming
 
Company Contact
Address: Kingsway House, Havilland Street
SAINT PETER PORT GY1 2QE
Tel: 1-646-4839062
Website: https://www.sghc.com
IR: See website
Key People
Richard Hasson
President, Chief Operating Officer, Director
Neal Menashe
Chief Executive Officer, Director
Alinda Van Wyk
Chief Financial Officer, Director
Business Overview
SGHC Limited is a holding company engaged in online sports betting and gaming. The Company operates through two businesses: Betway and Spin. Betway is the premier online sportsbook operating under a single brand, offering sports betting and casino entertainment. Betway has a global footprint, holding licenses throughout Europe, the Americas and Africa, with approximately 60 brand partnerships with teams and leagues worldwide. Betway provides bespoke and customized entertainment in a secure and responsible environment. Spin is a multi-brand online casino offering, with market leadership in high-growth markets. Spin leverages its proprietary data and analytics engine across its platform to provide fully customized and constantly improving customer journeys. It has a diverse portfolio of approximately 16 casino brands, which offer a range of casino products. Its subsidiaries include Pindus Holdings Limited, Fengari Holdings Limited, and SG Media Limited.
Financial Overview
For the fiscal year ended 31 December 2023, SGHC Ltd revenues increased 11% to EUR1.44B. Net loss totaled EUR10.6M vs. income of EUR181.4M. Revenues reflect Betway segment increase of 17% to EUR838M, Spin segment increase of 3% to EUR598.1M, Africa and Middle East segment increase of 53% to EUR414.9M, Europe segment increase of 41% to EUR224.9M. Net loss reflects Change in fair value of earnout liabilit decrease from EUR237.4M (income) to EUR0K.