Leading alternative investment company, Blackstone Group, revealed its plan to invest in Romanian sports betting enterprise, Superbet. As part of the deal, the Romanian brand has already received 175 million in investment funds from Blackstone.
Announcements:
The CEO at Superbet, Sacha Dragic said:
"We are anxious to start this strategic partnership with Blackstone. Capital infusion from the US fund backed by rich experience makes Blackstone a partner capable of supporting Superbet Group to maintain its market leadership in Romania, to continue to increase its market share and, above all, to be able to capitalizing on opportunities to expand business in both Central and Eastern Europe and globally,"
The Senior Managing Director at Blackstone, Andrea Valeri, added:
“We are delighted to be able to start working with Sacha Dragic and the excellent management team he has created at Superbet. It is impressive that the Romanian company has invested in multi-channel and digital operations, including the launch of its own online gaming and betting platform, all made to the international standards of the industry. We are anxious to support the upward trend of Superbet, whose growth model is based on international expansion and on continued technology investments,”
About Superbet:
The Romanian enterprise is a company which plans to expand across the glove. It was established in 2008 and employs over 3500 people. It launched the online business in 2016 for more unique entertainment and its team strives to provide an extraordinary experience for customers, offering a selection of services including sports betting, games, online casino, lotto and retail.
About Blackstone:
Blackstone, founded in 1985, belongs to the leading investment firms in the world. It strives to provide positive economic influence and the long-lasting value on their investors. The Group utilizes dedicated people and flexible capital to support companies and holds $450 billion in assets which include private equity, real estate, public debt and equity, real assets and secondary funds. In addition, it provides financial services like financial and strategic advisory, restructuring and reorganization.
steveknows_136752
4 years ago
Superbet will definitely profit from all these investments.
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sharpe
4 years ago
Apparently as an investment company that has been so successful over the years Blackstone knowing pretty well what they're doing being in pursuit of that deal, they are obviously aware of the potential of development there would be not only on the Romanian gambling market but anywhere Superbet is allowed to operate, so...
Apparently as an investment company that has been so successful over the years Blackstone knowing pretty well what they're doing being in pursuit of that deal, they are obviously aware of the potential of development there would be not only on the Romanian gambling market but anywhere Superbet is allowed to operate, so from that perspective probably they are about to make another lucrative investment through that deal.
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