Super Group has ended Betway’s operations in Portugal after the national regulator approved the company’s request to terminate its licence last Friday. The company said it would focus on existing markets and other growth areas; the licence had been due for renewal in 2026.
The exit removes Betway from Portugal and ends its local licence before the stated 2026 renewal date.
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Super Group CEO Neal Menashe said the company sees opportunities as the UK gambling market consolidates. Revenue from Betway and Spin in the UK rose 13% year on year in Q3, while group revenue increased 10% to $611 million. Menashe said the company had consolidated its UK businesses and was positioned to capture revenue as smaller operators exit.
In Q3, the UK market delivered a 13% year-on-year rise in revenue through the Betway and Spin brands, and group revenue for the quarter rose 10% to $611 million. Adjusted EBITDA for the quarter came in at $165 million, up 8% on the same quarter of 2025, and net profit for the period was $142 million.
Super Group reported third-quarter 2026 revenue of $611m, up 10% year on year, and profit of $142m, compared with $96m a year earlier. Africa revenue rose to $262m from $224m, while the company forecast 2026 revenue of $2.525bn-$2.575bn and adjusted EBITDA of $700m-$720m; its board also approved a share repurchase programme of up to $150m through December 2027.
Quarterly revenue came to $611m, 10% above the $557m of a year earlier. Profit rose from $96m to $142m. Monthly active customers rose 9% to 6.0 million.
Super Group lowered its 2026 revenue outlook after slower growth in the third quarter, the company said. It now expects revenue of $2.52 billion to $2.57 billion, down from more than $2.6 billion, and adjusted EBITDA of $700 million to $720 million, replacing guidance above $710 million. Africa generated $262 million of third-quarter segment revenue, up 17% year on year.
Super Group chief executive Neal Menashe said during the company’s Q3 earnings call that it has no prediction product and is concentrating on its sportsbook and online casinos. International sportsbook revenue was $33m in Q3, down from $36m a year earlier; Africa accounted for 43% of the company’s $611m total revenue.
Blueprint Gaming announced a content partnership with Super Group brands Betway and Jackpotcity in South Africa on 22 October 2026. The deal will provide the brands with a selection of Blueprint’s slot titles, following the supplier’s earlier agreement with Hollywoodbets in the first quarter of 2026.