The Gauselmann Group has completed the purchase of the four Westdeutsche Spielbanken (WestSpiel) casinos in North Rhine-Westphalia.
The EUR141.8m deal saw state-owned banking group NRW.Bank sell its shares in the WestSpiel properties. The move came following a privatisation tender, which was launched in January by North Rhine-Westphalia’s Ministry of the Interior.
“We look forward to welcoming the new employees to our company. Together we will make the casinos in North Rhine-Westphalia even more successful,” said company founder and board spokesman Paul Gauselmann.
The acquisition grants Gauselmann an exclusive 15-year concession covering land-based gaming Germany’s most populous state. The company will also have the option to open a further two casinos in addition to the four existing locations.
“We used the time between the signing of the purchase contract and the final approval by the antitrust authorities to prepare for the integration of the casinos into the group of companies,” said David Schnabel, MD of Merkur Spielbanken. “In addition to the technical and organisational aspects, the focus was in particular on the personal introduction of the management to the colleagues in the casino locations and the headquarters in Duisburg.”