Land-based gaming developer and operator Gauselmann Group has completed the purchase of the four Westdeutsche Spielbanken (WestSpiel)-operated casinos in Nordrhein-Westfalen.
The deal, which closed for €141.8m (£121.7m/$168.3m), saw state-owned banking group NRW.Bank sell its shares in the WestSpiel.
This followed a privatisation tender, that was launched in January by Nordrhein-Westfalen’s Ministry of the Interior, managed by professional services firm Warth & Klein Grant Thornton AG.
The deal effectively grants Gauselmann a 15-year monopoly over land-based gaming in the region, and the operator will have the option to open a further two casinos in addition to the four existing locations.
After Gauselmann won the privatisation tender in July and signed a purchase agreement for WestSpiel, the deal was approved by the relevant competition authorities and permitted to go ahead as of yesterday, 1 September.
“We look forward to welcoming the new employees to our company. Together we ..