Superbet Group has agreed a offer to receive Belgium’s Napoleon Sporting 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 previous 6 years.
The acquisition provides momentum to Superbet’s extended-expression small business objectives, enabling the team to speed up online organization development.
“Napoleon’s main sector and model positioning in Belgium signifies the perfect acquisition prospect to deliver on our world-wide expansion plan,” reported Superbet Group CEO Johnny Hartnett.
“It also delivers on our development method of bringing in more revenues from controlled marketplaces with a powerful on-line profile. Furthermore, we’re searching forward to welcoming a vastly professional and gifted team to the Superbet family, who we believe that are exceptionally properly positioned to provide on current market share gains in Belgium and over and above.”
Superbet, which captivated a €175m ($206.5m) minority expense from Blackstone Group in 2019, expanded its get to in the on-line gaming segment very last yr with the acquisition of a 60% stake in on the net on line casino operator Blessed7.
Napoleon Sports & On line casino CEO Tim de Borle commented: “We are extremely enthusiastic to be joining Superbet Group on a mission to offer you the most effective sporting activities and gaming amusement to millions of consumers.
“At Napoleon, we search ahead to embarking on this future chapter of thrilling tasks and intercontinental knowledge. Lastly, I’d like to convey our gratitude to Waterland for their help in the previous 6 several years.”