Global betting company Superbet Group is doubling down on expansion, announcing a massive $1.35 billion refinancing agreement this week. The deal with heavy financiers Blackstone and HPS Investment Partners will give Superbet a major cash infusion to fund technology growth and launch in new markets across the globe.
Raphael de Botton from Blackstone called Dragic a “visionary founder and entrepreneur.” He said Blackstone looks forward to “the opportunities that lie ahead” in their ongoing partnership with Superbet’s “exceptional management team.”
The refinancing will also let Superbet double down on its proprietary tech platform. The company credits its custom software for driving major growth so far. Tech investments helped the company increase market share and paid off with a seat at the big table – Superbet joined the European Gaming and Betting Association last October.
The deal comes on the heels of Wynn Resorts securing $2.4 billion in financing for its integrated resort project in the United Arab Emirates. With banks and private equity firms anteing up billions, it seems the house is betting big on future expansion in the global gaming industry.
Editor-in-chief and creator Cole Smith of casinocurrencies.com, has extensive experience with casino payment systems, The site was created to provide an honest and trustworthy resource for online gambling players.