Gauselmann Group Obtains Shares in Bede Gaming

A reputable gambling provider from Germany, Gauselmann Group, has just acquired a majority of shares in Bede Gaming. The latter operator is a cutting-edge online platform based in Newcastle and specialized in casinos, sports betting and lottery.

Perspective

The latest acquisition will bring positive things to the German Group. The holder of Blueprint Gaming has already extended its footprint in leading markets and looks to enrich its presence following the new gambling regulation in Germany. The purchase of Bede Gaming will allow the Group to redirect its focus to the North American lottery market and connect with the local Ontario Lottery and Gaming Corporation (OLG).

Reps’ Statements

Commenting on the acquisition, CEO and founder of the Gauselmann Group, Paul Gauselmann said:

“Bede’s technological expertise is very impressive and its highly complex solutions are the first choice for leading gaming companies not only in the UK but around the world. This acquisition will allow us to significantly broaden the existing technology base within the Group and at the same time enable us to offer it to our customers and partners.”

Bede Gaming Chairman, Joe Saumarez-Smith noted:

”We are delighted that the Gauselmann Group has acquired a majority stake in Bede. Gauselmann’s long-term prospects and financial strength will allow us to further enhance our range of products and services to existing customers as well as win new business partners.”

Behind The Deal

Following the recent transaction, Bede Gaming will perform its activity on an independent basis within the Gauselmann Group. It will also keep its offices in Newcastle upon Tyne (UK), Sofia (Bulgaria) and Toronto (Canada), with management members holding their current stakes.

Both companies are advised by leading legal and tax businesses. The Gauselmann Group hired Addleshaw Goddard (legal) and Grant Thornton (taxes/finances) while Bede Gaming received advice from Oakvale Capital (finances), CMS (legal) und BDO (taxes).

Gauselamann Group has made the first acquisition since March 2019, when it acquired Totolotek sports, betting provider. The deal has been seen as a prosperous opportunity for the Group to expand its reach to Germany, Denmark, Austria, and Belgium.

About Bede Gaming

Bede Gaming is a top-notch supplier of software to the online gambling sector, supplying some of the biggest casino brands. The platform handles millions of transactions per month and delivers scalable, modular and flexible solutions for its clients. And allows operators to integrate third-party software into the platform or utilize its stellar tools.

The UK-based platform integrates into land-based systems while offering omnichannel solutions. Bede is certified to ISO 27001, headquartered in Newcastle upon Tyne, UK and licensed by the UK Gambling Commission.

Source:

“Gauselmann Group acquires majority stake in Bede Gaming”, Ad Miral, calvinayre.com, March 13, 2020.