Super Group, an online sports betting and gaming operator, has reported a significant increase in revenue for its second quarter performance. According to the company, its positive momentum continued in Q2, with revenue growth exceeding expectations across all markets. The growth was driven by a 75% increase in revenue compared to the same period last year.
The company’s U.S. iGaming operations will be exiting the market, but this move is expected to have minimal impact on overall revenue. Super Group’s solid performance in Q2 was driven by strong growth in its online sports betting and gaming products, with revenue increasing across all markets.
While the company did not provide specific numbers for its U.S. iGaming operations, it did note that these operations will be exited as part of a broader strategy to focus on more profitable markets. Despite this exit, Super Group’s overall revenue growth remains strong, with the company confident in its ability to continue delivering positive results moving forward.
Source: seekingalpha.com

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