Superbet Team has agreed a offer to acquire Belgium’s Napoleon Sporting activities & On line casino.
The betting and gaming team will purchase 100% of Napoleon shares from Waterland Non-public Equity Investments. Napoleon has been owned by Waterland for the earlier 6 years.
The acquisition provides momentum to Superbet’s extended-term company objectives, enabling the group to speed up on line business enterprise growth.
“Napoleon’s core marketplace and brand name positioning in Belgium represents the great acquisition opportunity to provide on our international growth prepare,” stated Superbet Team CEO Johnny Hartnett.
“It also delivers on our expansion technique of bringing in additional revenues from regulated marketplaces with a potent online profile. Additionally, we’re seeking forward to welcoming a vastly professional and proficient staff to the Superbet family, who we imagine are extremely perfectly put to provide on current market share gains in Belgium and outside of.”
Superbet, which attracted a €175m ($206.5m) minority investment decision from Blackstone Team in 2019, expanded its arrive at in the online gaming section final calendar year with the acquisition of a 60% stake in on-line on line casino operator Lucky7.
Napoleon Sporting activities & On line casino CEO Tim de Borle commented: “We are very psyched to be joining Superbet Team on a mission to offer the very best athletics and gaming entertainment to tens of millions of buyers.
“At Napoleon, we look forward to embarking on this future chapter of thrilling jobs and global working experience. At last, I’d like to categorical our gratitude to Waterland for their support in the previous 6 yrs.”