Super Group Aims to Benefit from Consolidation in the UK

Super Group CEO Neal Menashe believes the company is well positioned to generate revenue as the UK market consolidates. The sector has been going through a difficult period since November 2025, with tax increases affecting both online and land-based operators.

Some operators are leaving the market due to the tax burden, while larger companies are reportedly announcing store closures and job cuts. Super Group reported that its UK revenue in the third quarter rose 13% year on year, driven by the Betway and Spin brands. The group's total revenue increased 10% over the same period to reach $611 million.

Adjusted EBITDA for the quarter came in at $165 million, up 8% from the same quarter last year. Net profit for the period was reported at $142 million. Menashe said that despite the higher tax, the company's position is relatively good thanks to its efficient operating structure. He noted that they have combined all their UK businesses, which has reduced the impact of the tax to some extent.

Menashe said the company could capture some of the revenue lost as smaller operators exit the market. The remote gaming duty in the online sector is set to rise from 21% to 40% from 1 April, almost doubling. For land-based operators, the increase in gaming machine duty from 20% to 25% was announced in last month's Autumn Budget. Menashe argued that the sector is overtaxed and called on the government to find a "middle ground" on the tax burden.