Super Group makes a strategic exit from the US iGaming market despite raising its 2025 financial forecast! What does this mean for the company and the broader industry?
Super Group (NYSE: SGHC), the parent company of Betway, has announced a major decision to exit the US iGaming market, despite raising its financial guidance for 2025. The company has projected sales of $2 billion, up from a prior forecast of $1.92 billion, with EBITDA now expected to be $480 million. Despite this positive outlook, the decision to exit the US iGaming market highlights the challenges faced by operators in the region, particularly due to regulatory hurdles and increasing competition.
This move comes after a record second quarter and amid Super Group’s continued success in other regions like Canada. However, with increasing regulatory scrutiny and capital allocation challenges in the US market, the decision to exit seems to be a strategic pivot. For investors and industry analysts, this raises questions about the future of iGaming in the US and what Super Group’s long-term strategy looks like moving forward.
What do you think? Will this move pay off for Super Group in the long run, or is the US iGaming market still too important to ignore?
