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SGHC Limited, the parent company of Betway and Spin, announced the closing of its business combination with Sports Entertainment Acquisition Corporation (NYSE: SEAH) on January 26, 2022. Post-merger, Super Group's shares will trade under the ticker "SGHC" starting January 28, 2022. CEO Neal Menashe emphasized their goal of expanding the brand and customer base in the online gaming market, while SEAH's Chairman Eric Grubman highlighted their collaboration to enhance Super Group's market position. The company is licensed in 25 jurisdictions and aims to leverage its technology for market growth.
Sports Entertainment Acquisition Corporation (SEAH) announced the approval of its business combination with Super Group. The transaction, expected to close on January 27, 2022, is projected to generate approximately $202.4 million from SEAH's trust proceeds, representing about 45% of publicly held shares not submitted for redemption. Following the merger, Super Group ordinary shares will trade under the ticker SGHC starting January 28, 2022. The company is positioned as a leading online sports betting and gaming entity, operating under the brands Betway and Spin, and is licensed in 25 jurisdictions worldwide.
SGHC Limited announced that its registration statement on Form F-4 has been declared effective by the SEC for its business combination with Sports Entertainment Acquisition Corp (NYSE:SEAH). A special shareholder meeting is set for
SGHC Limited announced a business combination agreement with Sports Entertainment Acquisition Corp. (NYSE: SEAH). CEO Neal Menashe, President Richard Hasson, and CFO Eric Grubman will participate in the Needham Virtual Growth Conference on January 13, 2022, presenting from 2:45 to 3:25 PM ET. The event will be accessible via the Super Group Investor Relations site. SGHC operates renowned online gaming brands, Betway and Spin, holding licenses in 25 jurisdictions globally.
SGHC Limited, the parent company of Betway and Spin, has entered a business combination agreement with Sports Entertainment Acquisition Corp. (NYSE: SEAH). Management will partake in key investor conferences, including Canaccord Genuity's Digital Gaming Summit on November 30, 2021, and Jefferies Sports Betting and iGaming Summit on December 2, 2021. Super Group operates in 24 jurisdictions across Europe, the Americas, and Africa, leveraging technology for market expansion and a personalized customer experience. Further details are available on their investor relations website.
SGHC Limited, the parent company of Betway and Spin, has announced a multi-year partnership with the NHL's New Jersey Devils. This agreement enhances Betway's brand visibility through various advertising channels at Prudential Center. With this deal, Betway now partners with 10 U.S. sports franchises, including notable teams from the NHL and NBA. CEO John Collins expressed enthusiasm about expanding the Betway brand in the U.S. as online sports betting popularity grows. This partnership signals a strategic move for Super Group to leverage its sports affiliations to increase market presence.
Sports Entertainment Acquisition Corp. (NYSE: SEAH.U) has received a notice from the New York Stock Exchange indicating a deficiency in meeting board independence requirements. The company was notified that unless rectified by November 17, 2021, it would be deemed noncompliant. However, the NYSE confirmed it will not delist the company. Additionally, an Amendment to the Business Combination Agreement with SGHC Limited was made, extending the closing to March 31, 2022. Failure to close by this date could lead to termination of the agreement.
SGHC Limited, parent of Betway and Spin, enhances its European market presence through multiple sponsorships in top soccer leagues. Betway becomes the official betting partner of Atlético de Madrid, renews its deal with Belgium's Croky Cup, and partners with VfB Stuttgart in Germany. The brand's visibility in the Premier League reaches 67% of matches. CEO Neal Menashe emphasizes growing brand awareness as a core growth strategy. SEAH anticipates further expansion into US markets, having already partnered with major leagues and teams.
Super Group, the parent company of Betway, has expanded its U.S. presence by launching in Iowa, making it the fifth state for the brand. Additionally, Betway secured a new gaming license in Poland. This growth is part of Super Group's strategic plan to enter multiple markets, facilitated by its ongoing merger with Sports Entertainment Acquisition Corp. (NYSE: SEAH). The agreement with Digital Gaming Corporation grants access to eleven states in the U.S., signaling a robust pipeline for future expansion.
SGHC Limited, the parent company of Betway and Spin, has filed a Registration Statement on Form F-4 with the U.S. Securities and Exchange Commission concerning its planned merger with Sports Entertainment Acquisition Corp. (NYSE: SEAH). This agreement, reached on April 25, 2021, aims to bring SGHC to U.S. public markets, with the transaction expected to finalize in Q4 2021. Upon completion, the combined entity will operate under the Super Group name and trade under the ticker symbol 'SGHC' on the New York Stock Exchange.
