Central Europe
Sale of WestSpiel Group initiated
• EU-wide procurement procedure started on 18th December 2020
• Prospective buyers can apply now
On 18th December 2020, a Europe-wide tender procedure for the sale of the shares in the WestSpiel Group was launched by Warth & Klein Grant Thornton AG Wirtschaftsprüfungsgesellschaft as the lead transaction advisor. As a state-licensed casino operator, WestSpiel Group currently has 900 employees and runs four casino locations in Aachen, Bad Oeynhausen, Dortmund-Hohensyburg and Duisburg, holding the exclusive casino monopoly in the federal state of North Rhine-Westphalia. WestSpiel Group, consisting of several legal entities, will be sold in its entirety. The shares in the WestSpiel Group are currently held by NRW.BANK, the North Rhine-Westphalian federal development bank.
Call for competition launched
The government of the federal state of North Rhine-Westphalia decided on 8 May 2018 to privatise the WestSpiel Group. The Act on the Licensing of Public Casinos in the State of North Rhine-Westphalia (‘SpielbG NRW’), which came into force on 3rd June 2020, created an essential precondition for the privatisation. For the first time since then, casinos in North Rhine-Westphalia were permitted to be operated under private ownership. Prospective buyers from Germany and abroad can now qualify for the forthcoming bidding and negotiation phase in a call for competition. The respective tender documents can be accessed via the link quoted in the contract notice as announced in the EU Official Journal (https://ted.europa.eu/udl?uri=TED:NOTICE:615286-2020:TEXT:EN:HTML&src=0) or directly via the tender marketplace NRW (Vergabemarktplatz NRW: https://www.evergabe.nrw.de/VMPSatellite/notice/CXPNYH5D573/documents).
Sound and profitable performance
The WestSpiel Group generated a gross gaming revenue of around €117.2 million in the 2019 financial year attracting around 900,000 visitors in total. This represents a significant growth of almost 27% compared to the previous year (gross gaming revenue 2018: around €92.3 million).
The group’s casinos offer around 80 gaming tables and 900 slot machines in total. The casino operated by WestSpiel Group in Duisburg is currently the most successful casino in Germany in terms of number of visits and gross gaming revenue achieved. In January 2020, the F.A.Z.-Institute nominated WestSpiel Group as Germany’s most future-proof company in the casino industry.
Excellent prospects and considerable development potential
The WestSpiel Group holds the exclusive casino monopoly in North Rhine-Westphalia, the economically strongest and most populous federal state in Germany.
Compared across Europe, the federal state of North Rhine-Westphalia is one of the six economically strongest economies, even ahead of Belgium, Poland and Sweden.
The group’s position in this impressive market has been secured long-term by the amended SpielbG NRW and an exclusive 15-year concession. Furthermore, the new SpielbG NRW principally allows the future owner to also establish two further casino locations in North Rhine-Westphalia with attractive catchment areas each. The presence and availability of casinos in North Rhine-Westphalia is still relatively low for the 18 million inhabitants of the federal state when compared to other federal states. The WestSpiel Group therefore offers considerable potential for further successful growth.
A decision on what form previously unregulated, and thus illegal, online casino gaming will be developed on the basis of the 2021 State Treaty on Gambling has not been made yet. Subject to the structure under state law, WestSpiel Group therefore may have the opportunity to obtain a concession for online casino gambling which, however, has not been regulated to date.
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Central Europe
NOVOMATIC once again honored with the “Business Superbrands Austria Award”
The world’s largest independent brand evaluation organization, Business Superbrands Brand Council, has once again recognized NOVOMATIC as one of Austria’s strongest brands for the year 2024/2025.
The prestigious award is given to brands that have built up an outstanding image in their market segment and clearly stand out from their competitors. After a pre-selection by the credit rating service provider Bisnode D&B, an independent panel of experts decides on the awarding of the title. NOVOMATIC’s exceptional brand strength and innovative power were convincing and underlined our success on both the domestic and international markets.
Stefan Krenn, Executive Board Member of NOVOMATIC AG, accepted the award from András Wiszkidenszky, Superbrands Regional Director, and emphasized: “This award underlines our strong market position and the continuous pursuit of innovation and excellence in the international gaming industry. At the same time, it is a sign of appreciation for the extraordinary commitment of our employees, who contribute to the success of the NOVOMATIC brand every day.”
András Wiszkidenszky added: “The Superbrand award underlines the economic appeal of the NOVOMATIC brand. Congratulations on the outstanding brand management and strong positioning that have made NOVOMATIC one of the strongest brands in Austria.”
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Central Europe
DSWV further expands its network: performanceLiebe and Kerberos Compliance become new partners
The German Sports Betting Association (DSWV) is pleased to announce the addition of two new partners as of December 2024: performanceLiebe and Kerberos Compliance. With this step, the association is underlining its commitment to an innovative and future-oriented sports betting industry.
“We are very pleased that performanceLiebe and Kerberos Compliance have joined.”says DSWV President Mathias Dahms.
“Both companies ideally complement our partner network and offer our members valuable services. With their expertise, we can further strengthen the competitiveness of the German sports betting industry.”
Rainer Naranjo, Managing Director of performanceLiebe emphasizes: “We see the collaboration with the DSWV as a great opportunity to use our expertise in link building for the sports betting industry. Through targeted search engine optimization measures and the creation of relevant backlinks, we can help to increase the visibility of DSWV members.”
Christian Tsambikakis, Managing Director of Kerberos Compliance, adds: “Compliance with the complex money laundering regulations is of central importance for companies in the sports betting industry. We look forward to contributing our expertise to the cooperation with the DSWV and helping its members to meet their compliance requirements even more efficiently and reliably.”
performanceLiebe is the leading link building agency since 2009 with more than 200,000 link sources in over 50 countries, specializing in the sports betting industry. With innovative link building strategies, performanceLiebe ensures more traffic and higher rankings in the search engines.
Kerberos Compliance is a leading provider of compliance solutions that helps companies meet the complex requirements of the Anti-Money Laundering Act and the GDPR. With customized solutions and in-depth industry knowledge, Kerberos Compliance ensures maximum security and transparency.
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Central Europe
Dr. Dorian Freudenreich is the new Vice President Business LOTTO24 and designated member of the Management Board of LOTTO24 AG
Dr. Dorian Freudenreich is the new Vice President Business LOTTO24 and thus responsible for the entire lottery brokerage business of the ZEAL group in Germany. Freudenreich reports directly to ZEAL CEO Helmut Becker. In his position, he will be responsible for the operational management and financial performance of the two end customer brands LOTTO24 and Tipp24 as well as their strategic development. Freudenreich will also become a member of the Management Board of LOTTO24 AG with effect from 1 January 2025.
With Freudenreich, ZEAL has hired a founder and e-commerce expert with many years of experience. Before joining ZEAL, Freudenreich was head of German sales and data management at the pan-European online pharmacy Atida. Prior to that, he founded and managed the start-up Apparently Different. After completing his doctorate, Freudenreich began his career as a management consultant at McKinsey.
“I am grateful for ZEAL’s trust and am looking forward to the challenge,” says Dorian Freudenreich. “Lottery brokerage in Germany is by far ZEAL’s most important business segment. LOTTO24 and Tipp24 are two strong end customer brands with a lot of potential for further growth. My focus will be on continuously developing the performance of the business of both brands together with the team and promoting strategic potential in lottery brokerage in Germany.”
“Dorian Freudenreich has both founding experience and extensive knowledge in the holistic management of established e-commerce businesses,” says Helmut Becker, CEO of ZEAL. “Managing strong brands such as LOTTO24 and Tipp24 and strategically developing their business requires a great deal of experience and operational knowledge. We are delighted to have found the ideal person in Dorian to help our lottery brokerage in Germany achieve even stronger growth.”
The post Dr. Dorian Freudenreich is the new Vice President Business LOTTO24 and designated member of the Management Board of LOTTO24 AG appeared first on European Gaming Industry News.
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