Superbet Team has agreed a deal to receive Belgium’s Napoleon Sports activities & Casino.
The betting and gaming team will obtain 100% of Napoleon shares from Waterland Private Fairness Investments. Napoleon has been owned by Waterland for the past 6 decades.
The acquisition provides momentum to Superbet’s very long-expression company aims, enabling the team to accelerate on the net small business development.
“Napoleon’s core sector and manufacturer positioning in Belgium represents the best acquisition opportunity to provide on our world expansion system,” explained Superbet Team CEO Johnny Hartnett.
“It also provides on our advancement strategy of bringing in supplemental revenues from regulated markets with a powerful on-line profile. Furthermore, we’re looking ahead to welcoming a hugely expert and talented team to the Superbet household, who we imagine are exceptionally well put to produce on industry share gains in Belgium and past.”
Superbet, which captivated a €175m ($206.5m) minority financial investment from Blackstone Group in 2019, expanded its arrive at in the on the net gaming segment past year with the acquisition of a 60% stake in on the net on line casino operator Lucky7.
Napoleon Sporting activities & Casino CEO Tim de Borle commented: “We are quite thrilled to be joining Superbet Group on a mission to offer the ideal athletics and gaming enjoyment to thousands and thousands of consumers.
“At Napoleon, we glance forward to embarking on this subsequent chapter of thrilling tasks and intercontinental practical experience. Eventually, I’d like to express our gratitude to Waterland for their assistance in the earlier 6 years.”