Friday, May 15, 2026
    More
    Sports Betting

    Betway Parent Going Public in $4.75B Merger

    • Super Group has agreed to go public with Sports Entertainment Acquisition Corp.
    • The combined company has a valuation of $4.75 billion.
    By
    Apr 26, 2021 | 04:58 pm
    Real Betis/Design: Alex Brooks

    As legalized sports betting continues to grow in the U.S., a European market leader is set to cash in.

    Super Group, the parent company of global online gambling operator Betway, has agreed to go public with Sports Entertainment Acquisition Corp. The move gives Super Group a valuation of $4.75 billion. 

    Super Group is licensed in 23 jurisdictions throughout Europe, the Americas, and Africa, with more than 2.5 million monthly unique active customers.

    The company also agreed to acquire Digital Gaming Corp and will help the online casino software supplier expand its footprint into 10 states. 

    Sports Entertainment and Super Group have a bigger plan to build a sports-related business that resembles ESPN. In October, the SPAC — led by former NFL executive vice president Eric Grubman and former NHL COO John Collins — completed its $400 million IPO in New York.

    Super Group saw $1.1 billion in net gaming revenue in 2020. The company will have $200 million in cash and no debt when the SPAC merger is finalized.

    This field is for validation purposes and should be left unchanged.

    Sign up for
    The Memo Newsletter

    Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    Linkedin
    Whatsapp
    Copy Link
    Link Copied
    Link Copied

    What to Read
    by

    Lawmakers Want Private Equity Out of Youth Sports
    Several Democrats have proposed legislation to get PE out of youth sports.
    Tottenham Hotspur
    by

    Tottenham Hotspur Is Facing a Billion-Dollar Disaster
    A seemingly improbable drop to England’s second tier is a tangible possibility.
    Jan 11, 2026; Philadelphia, PA, USA; Philadelphia Eagles running back Saquon Barkley (26) carries the ball defended by San Francisco 49ers linebacker Garret Wallow (49) and defensive end Keion White (56) during the third quarter in an NFC Wild Card Round game at Lincoln Financial Field.
    by

    ​​FanDuel Parent Pins Betting Slowdown on Lackluster NFL Season
    Flutter Entertainment eyes World Cup as key growth driver.
    by

    Welcome to the Prediction-Market Super Bowl
    Hundreds of millions of dollars are being traded across many platforms.

    Featured Today
    by

    NFL Rivalries Are Made on the Field, Mocked in Schedule Release Videos
    Every year, teams find new ways to one-up themselves (and their rivals).
    Bart Swings/Falyn Fonoimoana/Avery Poppinga
    May 14, 2026

    OnlyFans Is Paying Pro Athletes What Their Sports Won’t
    The adult-content platform is a reliable income source for niche athletes.
    May 13, 2026

    How Sports Graphic Designers Are Grappling With the Rise of AI Art
    The release of ChatGPT 2.0 Images sparked a conversation among sports designers.
    May 12, 2026

    Collectible Cups Are Sending Sports Fans Into a Frenzy
    The drink is secondary to the wild vessel it comes in.

    More in Sports Betting
    exclusive
    by

    Polymarket’s Soccer Spree Continues With Serie A Deal
    It’s the third big soccer deal Polymarket has reached this year.
    May 8, 2026

    DraftKings, FanDuel Push Further Into Prediction Markets
    “It’s one of our fastest to profitability business lines we’ve ever launched.”
    Kalshi's logo is displayed on a smartphone placed on a reflective surface onto which a betting curve is projected in Creteil, France, on March 9, 2026, during a major scandal and a $54 million lawsuit concerning bets related to recent strikes in Iran. (Photo by Samuel Boivin/NurPhoto)NO USE FRANCE
    May 13, 2026

    N.M. Tribes Claim Kalshi Sports Markets Violate Federal Law
    The suit cites the same law a Wisconsin judge said tribes can pursue claims over.
    Sponsored

    What Is It Like to Run the Knicks?
    Dave Checketts on his time running the Knicks & Jazz, Jordan war stories, and his investment strategy across major sports leagues.
    FanDuel
    May 6, 2026

    FanDuel CEO Pushed Out After Five Years Amid Stock Slump
    Shares of Flutter, FanDuel’s parent company, are down more than 50% this year.
    Dave Checketts
    May 6, 2026

    Former Knicks Pres: Leagues, Sportsbooks Have Gotten Too Cozy
    “I’m not sure that’s a good thing, this coziness that we’ve established.”
    In this photo illustration, a mobile device displays the Kalshi logo while a laptop displays the webpage of the prediction market platform in Copenhagen, Denmark, on February 10, 2026. (Photo by Kristian Tuxen Ladegaard Berg/NurPhoto)
    May 4, 2026

    Leagues Weigh In on Future Prediction Market Regulation
    Safeguarding integrity and protecting consumers were common themes.
    The sun rises on the backside as horses work with their riders at Churchill Downs during Kentucky Derby week. April 30, 2026
    May 1, 2026

    Prediction Markets Finally Found a Sport They Can’t Offer
    Here’s why you won’t see the Kentucky Derby on Kalshi or Polymarket.