The Gauselmann Group reported revenues above pre-Covid levels in the first half of 2022, the first time sales have exceeded these levels since the pandemic began.
The business reported revenues of € 1.75 billion (£ 1.48 billion / $ 1.75 billion) in the six months to June 30. This is a slight increase from € 1.74 billion recorded in the same six months of 2019.
This is a long-standing pandemic-induced land slot operator who said sales fell by a total of € 2 billion between 2020 and 2021 and that the fleet of about 1,000 venues was closed for most of the period. Is coming after the difficulties. At the same time, despite the closure, operating costs were “almost unchanged.”
“It’s great news that the pandemic has bottomed out and finally returned to the territory of the charts,” said Paul Gauselman, chairman (pictured). “This success is largely the result of our great ideas and the dedication of each and every employee, and once again shows what we can achieve with hard work and team spirit.”
In addition to the overall recovery from the pandemic, the Gauselman Group said the recovery was also due to “progress of diversification.”
“The Gauselman Group is positioned on a broader foundation than ever before, reducing our reliance on individual markets and business models,” said the business.
In particular, the group cited growth in the UK and Spain as the main reason for the recovery, which helped “make up for the increasingly difficult situation in the German domestic market.”
As a result, non-German businesses now account for more than 60% of Gauselmann’s revenue.
“From an entrepreneurial point of view, it was very important to promote our international business activities,” said Paul Gauselman.
The business also increased its workforce by 10.7% in 2021 and now employs nearly 15,000 people.
The company also talked about launching an online casino in Germany, with its subsidiary Mernov getting the first slot license in the country. But Paul Gauselman may need more “reasonable” conditions for operators to succeed in the market, starting with more effort being put into fighting the black market. Said.
“We will definitely make a positive contribution with good ideas in the online segment,” he said. “If we do and can take advantage of more rational framework conditions in the future, success will continue.”
