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Gauselmann Group Buys Majority Stake in Bede Gaming

Gauselmann Group Buys Majority Stake in Bede Gaming

The Gauselmann Group, the German amusement giant and parent company of Merkur Gaming, has bought a majority stake in Bede Gaming, a U.K.-based online gaming platform supplier.

The acquisition will help Gauselmann increase its digital presence and gain a foothold in the North American lottery market, where it currently is a partner to the Ontario Lottery and Gaming Corp.

Founded in 2011, Bede develops and markets gambling platforms and software to online casinos, online bingo operators and lotteries in regulated markets. Its system allows operators to integrate any third-party software into the platform or use its tools directly.

Following the close of the transaction, Bede planned to operate as an independent business unit within the Gauselmann Group, maintaining its offices in the U.K., Bulgaria and Canada.

“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,” said Paul Gauselmann, CEO and founder of the Gauselmann Group.

Joe Saumarez-Smith, chairman of Bede Gaming, added, “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.”