Super Group casino brands including Spin approved for Ontario launch

iGaming Business
 
Super Group casino brands including Spin approved for Ontario launch
BetOnline

AGCO approved licences for each of Jackpot City, Royal Vegas, Ruby Fortune and Spin Casino, all owned by Super Group subsidiary Cadtree Limited. While many licences in the market are for only one year, each of these will last two years, until June 2024.

This follows Super Group’s sports betting-led brand Betway receiving a licence in April.

The four Super Group brands will be the latest casino-first entrants to the market, following on from approval for operators such as PokerStars, Casumo and SkillOnNet.

Ontario opened its market to operators other than the provincial lottery on 4 April, after the provincial government revealed plans to end the lottery’s online gambling monopoly in back April 2019. 

Last month, Super Group reported revenue of $344.5m (£274.4m/€322.5m) in Q1 – its first quarter as a publicly listed business. Revenue from Spin, though, declined by 4.5% $147.5m.

However, in its earnings call, chief executive Neil Menashe said it could be “tough to meet or exceed our 2022 revenue guidance”.

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