German casino company Gauselmann Group announced they purchased shares in three casinos in the country.
According to a press release from the company, the three casinos are in Mainz, Trier and Bad Ems and have a combined 150 employees.
Founder Paul Gauselmann said,
“we are excited to further pursue this successful avenue through our investments in the casinos in Mainz, Trier and Bad Ems.”
The German company has been expanding its market share in the casino market after strong returns from previous investments.
The deal was done through investment in Spielbank Mainz. The three casinos have a license to operate until 2027.
The announcement comes after the Gauselmann Group reorganized their management in their UK division and slot supplier Blueprint MD. David Purvis replaced David Purvis as the managing director of Blueprint.
Last month, Gausselman Group also purchased British company Project through Blueprint MD.