Announced
Financials
Tags
Private Equity
Casinos & Gaming
Acquisition
Private
Friendly
Single Bidder
Majority
Pending
Cross Border
Casinos and Gambling
Belgium
Synopsis
Blackstone-backed Superbet, a pan European betting and gaming business, agreed to acquire Napoleon Sports & Casino, a developer of gambling and casino gaming platform, from Waterland, a private equity firm. Financial terms were not disclosed. "Napoleon's core market and brand positioning in Belgium represents the ideal acquisition opportunity to deliver on our global expansion plan. It also delivers on our growth strategy of bringing in additional revenues from regulated markets with a strong online profile. Additionally, we're looking forward to welcoming a hugely experienced and talented team to the Superbet family, who we believe are exceptionally well placed to deliver on market share gains in Belgium and beyond," Johnny Hartnett, Superbet CEO.
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