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Tyskland – Race för att äga Westspiel Group nu ner till tre bolag

By - 12 mars 2021

The sale of the state-owned gaming group Westspiel is now down to three bidders who will now put forward their specific offers, according to the Ministry of Finance.

The Europe-wide procurement procedure for the sale of the company shares in the WestSpiel Group was launched on December 18 under the management of Warth & Klein Grant Thornton AG Wirtschaftsprüfungsgesellschaft who is acting as transaction advisor.

According to the finance committee of the state parliament, there is no minimum sale price. For the period of the concession until 2035, the state government expects gross gaming revenue of €3.1bn.

The Ministry of Finance says the actual profit of the casinos will depend on the future owner and whether more casinos are opened. The state approved a privatisation bill that would allow an option for two completely new licences.

As a state-licensed casino operator, the WestSpiel Group currently has 900 employees. The six casinos in the German state of North Rhine-Westphalia, owned by Westspiel, were profitable for the first time in five years in 2019.

Kasinon i Aachen, Bad Oeynhausen, Bremen, Bremerhaven, Dortmund och Duisburg steg med ett bra kvartal jämfört med 2018 till cirka 117 miljoner euro, enligt Westspiels konsoliderade bokslut för 2019, som NRW:s finansminister Lutz Lienenkämper (CDU) publicerade före mötet i delstatsparlamentets budgetutskott.

Westspiel uppnådde en konsoliderad nettovinst på nästan 3.2 miljoner euro, enligt koncernbokslutet. Föregående år sjönk denna position med cirka 3.6 miljoner euro. Kasinoskatterna till den offentliga sektorn steg med cirka 13 procent till nästan 59 miljoner euro.

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