Belgian operator set to be acquired by Dutch PE fund
Local reports suggest Napoleon Gaming will be bought by PE firm Waterland ahead of Dutch market launch
Belgium-licensed egaming firm Napoleon Gaming is to be acquired by Netherlands-based private equity fund Waterland ahead of a possible launch into the Netherlands, according to a leading Dutch newspaper.
De Telegraaf yesterday reported a deal was nearing completion however Waterland has not commented publicly, and the PE fund said it did not comment publicly on its activities when contacted by eGaming Review.
Napoleon Gaming owns the napoleongames.be domain which is licensed to operate in the Belgian market and has an online sportsbook and casino operation, as well as the bricks-and-mortar Casino Knokke in Belgium’s West Flanders province.
The operator also has an established partnership with Belgian publishing house De Persgroep which owns a number of Belgium and Netherlands-facing newspapers, most notably Dutch daily AD.
Waterland meanwhile owns a number of gaming assets and holds a majority stake in Netherlands-based casino operator JVH Gaming & Entertainment group.
Speculation in the country has suggested a possible merger or joint-venture between JVH and Napoleon, however eGR understands this is unlikely.