Top Trending Gambling News July 8, 2025: Betway Casino to Exit US Market

Written by:
C Costigan
Published on:
Jul/08/2025

These are your top trending news stories from the world of gambling and sports Tuesday July 8, 2025. Last 24 Hours Gambling911 Impressions: 59087.

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Betway Announces Plans to Fully Exit US Market 

Super Group, parent company of Betway, has announced plans to fully exit the US market following a comprehensive evaluation of its global priorities, the evolving regulatory landscape, and the U.S. unit’s financial performance. The Group is currently evaluating its strategic options in this regard.

Betway previously offered its sports betting product in a handful of states before exiting each of those last year.  It currently offers casino games in New Jersey and Pennsylvania. 

Neal Menashe, Chief Executive Officer, stated, “This is a difficult decision, particularly because our U.S. team has worked hard and made progress over recent quarters. Nonetheless, recent regulatory developments combined with ongoing assessment of capital allocation requirements have led us to believe that our stringent hurdle for return on capital will likely not be met in this market any time soon. We therefore intend to focus capital and resources on markets where we see the greatest opportunity for scalable, sustainable, profitable super growth, with a disciplined emphasis on operational efficiency.”

Alinda Van Wyk, Chief Financial Officer, commented, “Various strategic exit options are under consideration. We are still early in the process but nonetheless would expect to incur a one-time cash restructuring cost of approximately $30 million - $40 million in connection with such an exit and are actively pursuing multiple efforts to minimize the impact thereof. Further details regarding these potential costs will be shared during our second quarter earnings release.” 

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By  Chris Costigan

Chris founded Gambling911.com in 1999 and serves as the website's publisher.  He brings more than 3 decades of expertise related to the gambling and sports betting sector.  Creative talent is in Chris' genes, which he brings to the G911 website.  He comes from a showbiz family that includes Yankee Doodle Dandy George M. Cohan.  Chris is the grandson of artist John E. Costigan, whose work appears in the Smithsonian.  Chris' father was also in the news business and co-founded what is today the Union County Performing Arts Center.  Chris is a graduate of Kean University. 

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