Super Group wishes to access the rapidly expanding online casino and sports betting market in the United States. The company announced on Sunday that it will merge with Sports Entertainment Acquisition Corp. in a transaction expected to close by the end of the year. The transaction could lead to the company’s listing on U.S. stock markets.
Super Group is not yet publicly traded in the United States, but it intends to change that with the acquisition of Digital Gaming Corporation. If regulators sanction this transaction, Super Group will gain access to up to ten U.S. states. New Jersey, Colorado, Pennsylvania, Indiana, and Iowa are among these states.
An Alluring Market
The location of Sports Entertainment Acquisition is in Delaware. This proposed merger is the latest illustration of how the US market has become alluring to international sports wagering and online casino companies. Several of Europe’s most prominent gambling companies, including Entain, Flutter, and William Hill, to mention a few, have staked their claim on the rapidly expanding American market.
Neal Menashe, the CEO of Super Group, stated in a press release that the company has established its group as genuinely global. It is a completely scaled and profitable digital gaming company that is delivering on its vision to provide world-class entertainment to the betting and online casino community. He added that this listing will place Super Group in a strong position to capitalize on future growth opportunities, including those in the U.S. market.
New Executive Team
Eric Grubman, former Vice President of the National Football League, will serve as Chairman of Super Group. John Collins, a former executive with the National Football League and the National Hockey League, is joining him in this new management partnership. He previously served as the president of the Cleveland Browns and will now serve on the board of Super Group.
Super Group is the parent corporation of Betway, an online sports betting brand based in Guernsey, England. It has more than 60 brand partnerships with teams, leagues, and sports figures worldwide. Additionally, Super Group is the parent company of Spin, an online casino. Super Group is licensed in 23 European, African, and American nations. It received over $42 billion in wagers in the most recent fiscal year and has over 2.5 million active consumers.