The acquisition will see the purchase of 100% shares of Napoleon Sports & Casino to augment Superbet Group's recent growth and global ambitions. The acquisition offers a compelling strategic and financial rationale for Superbet as the company expands across Europe and beyond.
Belgium's iGaming industry represents a mature, fully regulated market with consistent growth, particularly in the online environment. The deal enables Superbet to diversify its CEE focus and accelerate online business development.
Napoleon has a strong brand presence in Belgium that ranks among the country's top three most-recognised. Its digital and omni-channel approach reflects the core DNA of Superbet's mission and adds momentum to the long-term business objectives.
Superbet Group CEO Johnny Hartnett said 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.
Napoleon Sports & Casino CEO Tim de Borle said We are very excited to be joining Superbet Group on a mission to offer the best sports and gaming entertainment to millions of users. The fact that Superbet and Napoleon are both data-driven and entrepreneurial companies focused on delivering innovative on- and offline entertainment for our players, makes me confident that this a perfect match. At Napoleon, we look forward to embarking on this next chapter of thrilling projects and international experience. Finally, I'd like to express our gratitude to Waterland for their support in the past 6 years.
Napoleon Sports & Casino has been owned in the past 6 years by Waterland Private Equity Investments, a pan-European investment fund.
BUCHAREST, Romania
Superbet, a pan European betting and gaming business, today has agreed to acquire Belgium's Napoleon Sports and Casino, subject to closing.
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