Super Group, parent company of leading online sports betting and gaming business, Betway, and Spin, the multi-brand online casino, has announced that following completion of an extensive internal review, the company intends to undertake an exit plan for its sportsbook product in the United States.
The company, along with relevant regulators and partners, will shortly begin the process to fully close its US sportsbook operations in the nine states in which it is currently live.
Super Group will, however, maintain its iGaming presence in the US and plans to operate two iGaming brands from its Spin portfolio (including Jackpot City) in both New Jersey and Pennsylvania.
Neal Menashe, CEO, says: “As a global business, we constantly evaluate the optimal use of our resources across all markets in which we operate. We have recently concluded an extensive review of our US operations, and at present, we do not see a long-term path to profitability for the sportsbook product.”
“The vast majority of Super Group’s revenue is generated in iGaming and, in line with that strategy, we will continue to offer our leading casino product in New Jersey and Pennsylvania. We are open to expanding our US footprint if the right investment or strategic opportunities arise.”
