Superbet Group has agreed a offer to get Belgium’s Napoleon Sports activities & On line 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 previous six decades.
The acquisition adds momentum to Superbet’s very long-time period business enterprise aims, enabling the team to accelerate online company advancement.
“Napoleon’s main industry and model positioning in Belgium represents the excellent acquisition chance to provide on our global expansion strategy,” said Superbet Group CEO Johnny Hartnett.
“It also provides on our expansion strategy of bringing in added revenues from controlled markets with a strong on line profile. In addition, we’re on the lookout forward to welcoming a vastly expert and proficient staff to the Superbet household, who we think are exceptionally properly positioned to supply on market place share gains in Belgium and over and above.”
Superbet, which captivated a €175m ($206.5m) minority financial commitment from Blackstone Group in 2019, expanded its access in the on line gaming section past yr with the acquisition of a 60% stake in on the web casino operator Blessed7.
Napoleon Sporting activities & Casino CEO Tim de Borle commented: “We are incredibly thrilled to be joining Superbet Team on a mission to offer the greatest athletics and gaming entertainment to tens of millions of end users.
“At Napoleon, we search forward to embarking on this future chapter of thrilling projects and global practical experience. Lastly, I’d like to categorical our gratitude to Waterland for their guidance in the past 6 decades.”