Online Gambling Destination Betway set to continue operations in Pennsylvania
In a recent statement, Super Group, the company behind Betway, has announced its plans to continue offering its casino product in the states of New Jersey and Pennsylvania. This decision comes after the company's exit from the US sports betting market, sparking speculation about Betway's future expansion plans.
Ramona Depares, a seasoned journalist with over 15 years of experience in entertainment, lifestyle, and online gaming news, has been following the developments closely. Depares, who was previously the head of media for a major organizer of gaming conferences, has been reporting on the potential expansion of Betway's U.S. footprint.
Super Group's revenue is primarily generated from iGaming, with Betway's casino product currently available in Pennsylvania and New Jersey. The news that Betway's online casinos are not likely to exit the US market is a relief to players in Pennsylvania, where Betway enjoys strong popularity among online casino players.
In Pennsylvania, Betway's casino product is not among the top five revenue earners. However, the partnership between Betway and Live! Casino Philadelphia has been delivering strong performances. In May of this year, Live! Casino Philadelphia, partnered with Betway, registered a 4.58% increase in profit compared to the same month the previous year.
There is speculation about whether Betway will soon be present in a third state or whether some form of expansion is on the cards within the states of Pennsylvania and New Jersey. Potential partners for a possible expansion in a third state could include the Delaware North Company.
In a statement, Super Group CEO Neal Menashe has expressed openness to expanding Betway's U.S. footprint if the right investment or strategic opportunities arise. As the developments unfold, online gaming enthusiasts and investors alike will be keeping a close eye on Betway's potential expansion plans.
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