Super Group (SGHC) (SGHC) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Super Group (SGHC) has announced plans to withdraw its sportsbook operations from the U.S. market due to a lack of a sustainable profitability path, while continuing its iGaming operations in New Jersey and Pennsylvania. The company, known for its Betway and Spin brands, expects to incur associated costs with the sportsbook closure but assures these will not affect its capital or operational plans. Super Group’s CEO emphasized the company’s focus on iGaming, which generates the majority of its revenue, and remains open to U.S. market opportunities that align with its strategic goals.
For further insights into SGHC stock, check out TipRanks’ Stock Analysis page.
