Super Group has announced that it is exiting the Indian market following tax changes in the company’s gambling market.
India recently revealed a 28 per cent goods and service tax on the industry including online gaming, horseracing and casinos.
Super Group said the new rules “make the Indian market no longer commercially viable” for its operations.
Neal Menashe, chief executive officer of Super Group, said: “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."
Super Group said it is reaffirming its full-year financial projections provided in August.
