Betway’s holding and parent company will enter the New York Stock Exchange through a “ SPAC merger, ” which will value the group at around $ 4.75.
The flotation will see Betway “merge” with Sports Entertainment Acquisition Corp, a company specifically created so that Super Group (Betway’s parent company) can quickly list on the NYSE.
Super Group, which owns and operates numerous iGaming brands operating in 23 regulated territories, including the United Kingdom, has generated more than $ 40 billion in online bets by the end of March 2021 and has more than 2.5 million active clients in his books.
Their leading brand Betway has more than 60 partnerships with sports teams, leagues and sports personalities around the world. In the UK, they are prominent sponsors of sporting events, as well as the main sponsor of the Premier League football team West Ham United.
Betway has also been a premium sponsor for boxing matches involving WBA, WBO and IBF heavyweight world champion Anthony Joshua.
With its head office based on the Channel Island of Guernsey, Super Group has a vision for the future of the US regulated market.
Super Group also recently acquired the new Digital Gaming Corporation, which has the exclusive right to use the Betway brand in the United States. Digital Gaming Corporation has been licensed to operate in ten US states, including the states of Pennsylvania and New Jersey.