Romanian gambling operator SuperBet has received a major cash injection from the Blackstone Group.

On Wednesday, the US-based Blackstone Group private equity firm announced that its Blackstone Tactical Opportunities subsidiary had made a €175m investment in Romania’s SuperBet. Blackstone senior managing director Andrea Valeri said her group was keen to support the gambling operator’s “upward trend,” which is based on “international expansion and continued technology investments.”

SuperBet CEO Sacha Dragic duly logrolled back, saying Blackstone was a “capable” partner to support his company’s market-leading position in Romania. Dragic added that Blackstone’s cash will also help Superbet capitalize on expansion opportunities in both Central & Eastern Europe and around the globe.

SuperBet began life as a land-based betting operator in Romania, and currently operates over 1,200 points of sale throughout the country. SuperBet launched a Romanian online betting site in 2016 and has since established land-based operations in Poland, although its Polish-licensed online presence has yet to launch. The company boasted turnover of €180m last year.