Sports Entertainment Acquisition Corp. (SEAH) - Share chat

Super Group is the holding company for leading global online sports betting and gaming businesses: Betway, a premier online sports betting brand, and Spin, a multi-brand online casino offering. The group is licensed in 23 jurisdictions throughout Europe, the Americas and Africa, took in more than $42 billion in wagers in the 12 months to March 2021 and currently has over 2.5 million monthly unique active customers.

Targeting the fast-growing U.S. online sports betting and gaming market, Super Group has also entered into an agreement to acquire Digital Gaming Corporation (“DGC”) (subject to customary regulatory closing conditions), which will give the group access to up to an initial 10 U.S. states, complementing its global growth strategy.

The group ‒ which will be debt-free and have approximately $200 million in cash on its balance sheet at closing ‒ delivered $1.1 billion in net gaming revenue (NGR) and $259 million EBITDA in 2020 on a proforma basis and forecasts:
o NGR of more than $1.5 billion and EBITDA of over $350 million in 2021
o NGR of more than $1.7 billion and EBITDA of over $420 million in 2022

Super Group’s management team brings decades of experience: CEO Neal Menashe, an industry pioneer, President and COO Richard Hasson and CFO Alinda van Wyk, collectively bring over 50 years of experience. Eric Grubman, former executive at the NFL, will become Chairman of Super Group and John Collins, former executive at the NHL, the NFL’s Cleveland Browns and the NFL will serve on the Super Group Board of Directors .