Super Group (SGHC) Falls Hard as UK Govt Slaps Higher Gambling Duties

We recently published 10 Stocks Losing Their Bite Before Thanksgiving. Super Group (SGHC) Limited (NYSE:SGHC) is one of the worst-performing stocks on Wednesday. Super Group dropped its share prices by 6.74 percent on Wednesday to close at $10.93 apiece as investor sentiment was dampened by the United Kingdom’s decision to slap higher duties on gambling activities. Effective April 2026, the new rules would raise the taxes on remote gaming to 40 percent from 21 percent previously, while in April 2027, lev ...