Superbet Team has agreed a deal to purchase Belgium’s Napoleon Athletics & Casino.
The betting and gaming group will obtain 100% of Napoleon shares from Waterland Private Fairness Investments. Napoleon has been owned by Waterland for the past six several years.
The acquisition provides momentum to Superbet’s very long-phrase enterprise objectives, enabling the group to speed up on the internet organization enhancement.
“Napoleon’s main sector and brand name positioning in Belgium represents the ideal acquisition possibility to supply on our international growth strategy,” mentioned Superbet Group CEO Johnny Hartnett.
“It also provides on our advancement strategy of bringing in extra revenues from regulated marketplaces with a robust on the net profile. In addition, we’re seeking forward to welcoming a hugely expert and gifted group to the Superbet family members, who we consider are extremely nicely put to produce on 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 achieve in the on the web gaming section last calendar year with the acquisition of a 60% stake in on the web casino operator Fortunate7.
Napoleon Sporting activities & On line casino CEO Tim de Borle commented: “We are extremely energized to be signing up for Superbet Team on a mission to offer you the finest sports activities and gaming amusement to tens of millions of customers.
“At Napoleon, we glimpse ahead to embarking on this next chapter of thrilling jobs and international experience. Eventually, I’d like to specific our gratitude to Waterland for their aid in the past 6 a long time.”