Superbet Group has agreed a offer to receive Belgium’s Napoleon Sports activities & Casino.
The betting and gaming team will acquire 100% of Napoleon shares from Waterland Personal Equity Investments. Napoleon has been owned by Waterland for the earlier six several years.
The acquisition provides momentum to Superbet’s lengthy-term enterprise goals, enabling the team to accelerate on the internet company development.
“Napoleon’s core current market and brand name positioning in Belgium signifies the suitable acquisition chance to produce on our world-wide expansion approach,” stated Superbet Group CEO Johnny Hartnett.
“It also provides on our growth tactic of bringing in added revenues from regulated marketplaces with a solid on the net profile. On top of that, we’re looking ahead to welcoming a massively seasoned and talented crew to the Superbet relatives, who we consider are exceptionally very well placed to produce on marketplace share gains in Belgium and further than.”
Superbet, which captivated a €175m ($206.5m) minority expenditure from Blackstone Team in 2019, expanded its reach in the online gaming segment very last calendar year with the acquisition of a 60% stake in online on line casino operator Fortunate7.
Napoleon Sporting activities & Casino CEO Tim de Borle commented: “We are very fired up to be becoming a member of Superbet Team on a mission to provide the best sporting activities and gaming leisure to tens of millions of end users.
“At Napoleon, we glance forward to embarking on this up coming chapter of thrilling assignments and global expertise. Ultimately, I’d like to categorical our gratitude to Waterland for their assist in the earlier 6 many years.”