Superbet Group has agreed a offer to get Belgium’s Napoleon Sports & Casino.
The betting and gaming team will invest in 100% of Napoleon shares from Waterland Non-public Equity Investments. Napoleon has been owned by Waterland for the past 6 yrs.
The acquisition adds momentum to Superbet’s long-time period organization aims, enabling the group to accelerate on-line business progress.
“Napoleon’s core sector and brand positioning in Belgium signifies the excellent acquisition possibility to deliver on our global enlargement plan,” reported Superbet Team CEO Johnny Hartnett.
“It also delivers on our growth tactic of bringing in more revenues from controlled marketplaces with a solid on the web profile. Furthermore, we’re searching ahead to welcoming a massively seasoned and talented crew to the Superbet household, who we imagine are extremely very well placed to provide on current market share gains in Belgium and outside of.”
Superbet, which attracted a €175m ($206.5m) minority financial investment from Blackstone Team in 2019, expanded its arrive at in the on the web gaming section final year with the acquisition of a 60% stake in on the internet casino operator Fortunate7.
Napoleon Athletics & On line casino CEO Tim de Borle commented: “We are very fired up to be joining Superbet Team on a mission to provide the finest sports activities and gaming enjoyment to hundreds of thousands of buyers.
“At Napoleon, we glance ahead to embarking on this following chapter of thrilling jobs and international working experience. Lastly, I’d like to specific our gratitude to Waterland for their help in the earlier 6 decades.”