Super Group Pledges Mitigation After UK Gambling Tax Hike Announcement

Reuters11-27

<a href="https://laohu8.com/S/SGHC">Super Group</a> Pledges Mitigation After UK Gambling Tax Hike Announcement

Super Group (SGHC) Limited, the parent company of Betway and Spin, responded to the UK government's Autumn Statement announcing significant increases to gambling duties. The Remote Gaming Duty will rise from 21% to 40% in April 2026, and the General Betting Duty will increase from 15% to 25% in April 2027. CEO Neal Menashe emphasized the importance of pairing higher taxes with strict enforcement against non-paying offshore operators to protect the regulated sector. CFO Alinda van Wyk estimated the new taxes would impact 2026 Group Adjusted EBITDA by approximately 6%, but noted that mitigation measures are already in place and the company's long-term strategy and capital return priorities remain unchanged.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SGHC Limited published the original content used to generate this news brief via Business Wire (Ref. ID: 20251126111654) on November 26, 2025, and is solely responsible for the information contained therein.

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