Central Europe
Gauslemann Posts 6.7% Growth in 2019
Gauslemann Group, a family-run gaming equipment developer from Germany posted a sales growth of 6.7% in the 2019 financial year. The company registered a turnover of €3.42bn. The company achieved a consolidated sales of €2.58 billion.
Company founder and CEO Paul Gauselmann termed it as a ‘great result, which is primarily due to the enthusiasm and motivation of the employees – and for that I would like to thank them very much.’
He added: “Sales abroad rose continuously before Corona. This has reduced our dependence on our core market of Germany, where the legal framework has unfortunately deteriorated for years. Constantly new restrictions ensure that there is massive migration of the gaming guests to unlimited or even mostly illegal offers, for example on the Internet or in back rooms, where youth and player protection no longer apply. This enables us to fulfil the legally formulated mandate.”
According to him, the company continues its growth during the lockdown induced by Covid-19 pandemic:
“This was particularly beneficial to us during the lockdown phase. This enabled us, despite the Europe-wide closure of our 800 arcades, the many hundreds of sports betting shops and the ten German casino locations and the casinos on cruise ships, to focus on the full preservation of the almost 14,000 jobs in the company.”
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