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Richard Hasson, Super Group president and chief commercial officer, tendered his resignation yesterday (9 December).

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The news, which was released in an SEC filing, will see Hasson exit after more than 13-years with the Betway-operator.

While no exact leaving date is fixed, the NYSE-listed gaming business said it expects it to be during the first half of 2025 to enable a smooth transition of responsibilities.

The company said: โ€œThe board would like to thank Mr. Hasson for his almost 13 years of service to the business and confirm that his resignation is not the result of any disagreement between the parties whether on any matter relating to Super Groupโ€™s operations, policies, practices or otherwise.โ€

Super Group share prices slumps on news

The market reacted negatively to the news, closing 4.75% down on Monday to $6.62 per share.

The London Business School-graduate spent the early years of his career at KPMG, Goldman Sachs and Prodigy Finance.

Hasson first joined the company that would become Super Group in 2012 where he initially worked as the commercial director of the then recently acquired Betway marketing agency Win Technologies.

After eight years in the role, Hasson was promoted to president and chief operating officer in 2020.

This was followed by a side-ways step towards chief commercial officer in March 2024, where he has been ever since.

Hassonโ€™s resignation follows a peak moment for the company, marked by its decision to raise guidance after achieving record revenue in its Q3 2024 report.

Super Group reported โ‚ฌ402.9m revenue for the three-month period ending 30 September, up 12.9% from the same period the previous year.

The company also announced it would withdraw its US sportsbook in summer following the completion of an internal review, becoming one of many European operators to take this step.

This followed Super Groupโ€™s May announcement it intended to bring its tech stack in-house after agreeing a โ‚ฌ140m deal with its Apricot Technologies supplier.

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