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Super Group (SGHC) Limited (NYSE:SGHC) ("SGHC" or "Super Group") today announced that it has ceased providing any services to the Indian market due to changes to the Indian Goods and Services Tax, effective as of October 1, 2023. The newly effective tax rules make the Indian market no longer commercially viable for Super Group. Despite this development, Super Group reaffirms the full year financial projections provided on the earnings conference call on August 17, 2023.
Neal Menashe, Chief Executive Officer of Super Group, stated: "We are continuously evaluating evolving regulatory landscapes across the many markets we serve. Informed by years of operating our geographically diverse business, we remain confident about the long-term growth opportunities in front of us."
Posted In: SGHC
