Superbet Team has agreed a deal to obtain Belgium’s Napoleon Sports & Casino.
The betting and gaming team will buy 100% of Napoleon shares from Waterland Personal Fairness Investments. Napoleon has been owned by Waterland for the past 6 decades.
The acquisition adds momentum to Superbet’s prolonged-phrase business enterprise objectives, enabling the group to speed up on line enterprise growth.
“Napoleon’s core marketplace and manufacturer positioning in Belgium signifies the best acquisition possibility to provide on our international enlargement program,” claimed Superbet Group CEO Johnny Hartnett.
“It also provides on our advancement approach of bringing in further revenues from controlled marketplaces with a powerful on the internet profile. Additionally, we’re searching forward to welcoming a vastly expert and proficient staff to the Superbet household, who we believe are extremely well positioned to supply on current market share gains in Belgium and past.”
Superbet, which captivated a €175m ($206.5m) minority investment decision from Blackstone Team in 2019, expanded its access in the on the web gaming segment last calendar year with the acquisition of a 60% stake in on the internet casino operator Fortunate7.
Napoleon Athletics & Casino CEO Tim de Borle commented: “We are pretty enthusiastic to be becoming a member of Superbet Team on a mission to supply the most effective athletics and gaming leisure to tens of millions of people.
“At Napoleon, we appear forward to embarking on this subsequent chapter of thrilling jobs and worldwide practical experience. Eventually, I’d like to specific our gratitude to Waterland for their assist in the previous 6 a long time.”