Golden Cross
3 years ago
The Super Group Strategy
Super Group
https://www.sghc.com/
Super Group has a clear and successful strategy, built around three core pillars:
Diverse offering: Super Group is the holding company for leading global online sports betting and gaming businesses: Betway, a premier online sports betting brand, and Spin, a multi-brand online casino offering
Global footprint: Our brands are licensed in 23 jurisdictions throughout Europe, the Americas and Africa; more than 60 brand partnerships with many teams, leagues and sport personalities globally; and 2.5 million active customers in March 2021 alone
Data is in our DNA: Our data-driven approach to product optimization and marketing enables us to put the customer experience front and center
Golden Cross
3 years ago
Online sports betting and gaming company Super Group to go public via merger with SPAC Sports Entertainment Acquisition
https://finance.yahoo.com/m/c012a840-ceec-3db8-874e-69771d76f8d6/online-sports-betting-and.html
SGHC Ltd., or Super Group, the holding company for online sports betting and gaming businesses, said Monday it has agreed to go public via a merger with special purpose acquisition company, or SPAC, Sports Entertainment Acquisition Corp. SEAH, +0.10%. The deal will help Super Group expand into the U.S. online sports betting and gaming market, the company said in a statement. The holding company is parent to Betway, an online sports betting brand, and Spin, an online casino offering. The group has licenses in 23 jurisdictions in Europe, the Americas and Africa and took in more than $42 billion wager in the 12 months to March 2021. It currently has more than 2.5 million monthly unique active customers and is in an agreement to acquire Digital Gaming Corp. which will give it access to an initial 10 U.S. states. Once the deal closes, it will have about $200 million in cash on its balance sheet and will be debt free. In 2020, it generated $1.1 billion in net gaming revenue. That is expected to grow to more than $1.5 billion in 2021 and more than $1.7 billion in 2022. The combined company will list on the New York Stock Exchange, under the new ticker "SGHC" and the new name Super Group. The deal is expected to close in the second half.
Golden Cross
3 years ago
Sports Entertainment Acquisition Sees Unusually High Options Volume
Link:
https://www.tickerreport.com/banking-finance/7334875/sports-entertainment-acquisition-sees-unusually-high-options-volume-nyseseah.html
Sports Entertainment Acquisition Corp. (NYSE:SEAH) saw unusually large options trading on Monday. Investors bought 41,321 call options on the company. This represents an increase of approximately 11,573% compared to the average daily volume of 354 call options.
Shares of NYSE:SEAH traded up $0.44 during midday trading on Monday, hitting $10.22. The company had a trading volume of 22,774,539 shares, compared to its average volume of 592,570. The business has a fifty day moving average of $9.93. Sports Entertainment Acquisition has a 12 month low of $9.59 and a 12 month high of $10.85.
A number of hedge funds have recently bought and sold shares of the business. Mizuho Securities USA LLC bought a new stake in shares of Sports Entertainment Acquisition in the fourth quarter valued at about $1,150,000. HighTower Advisors LLC bought a new stake in shares of Sports Entertainment Acquisition in the fourth quarter valued at about $774,000. Fort Baker Capital Management LP bought a new stake in shares of Sports Entertainment Acquisition in the fourth quarter valued at about $2,136,000. One68 Global Capital LLC acquired a new stake in shares of Sports Entertainment Acquisition in the fourth quarter valued at about $101,000. Finally, Waratah Capital Advisors Ltd. acquired a new stake in shares of Sports Entertainment Acquisition in the fourth quarter valued at about $178,000.