As known from:
VA
  • About Captaingambling.com
  • Our US Squad
  • Our Review Process
  • Gamble Responsibly
  • Get In Touch
  • Writers Wanted
  • Content Disclaimer
  • Affiliate Disclosure
Contains commercial content
US Gambling Sites / News / Light at the end of the tunnel for the Gauselmann Group

Light at the end of the tunnel for the Gauselmann Group

Josh Schwartz
Josh Schwartz
Publish Date: 30/05/2021
Fact checked by: Mark Lewis

Angela Merkel is slowly moving Germany into the right direction during the COVID-19 pandemic, with positive changes to the social distancing practices being implemented at present. In turn, this is motivating the Gauselmann Group to look forward to a time after the pandemic where business can resume to some form of normalcy.

The Gauselmann Group owns several sports betting shops and ten casino venues which have all felt the prevalent sting of the COVID-19 pandemic. In total, the Gauselmann Group has had to close down over 700 of their casino and betting venues across Germany. However, there does appear to be some good news as Germany’s Chancellor Angela Merkel is easing up on some of the restrictions. This has sparked new hope in the Gauselmann Group but they still face challenges in maintaining the entirety of their workforce.

According to CEO and founder Paul Gauselmann “ solidarity is our primary focus. Preserving our 14000 employees jobs is our main hope. Our employees have been with us for decades which is why we cannot afford to abandon them now during these tough times. The task is made all the more difficult due to our waivering revenue intake.”

In order to get their workforce through the short term of these unprecedented times, Paul Gauselmann has said that they will increase the short-time work available to their employees to ensure the longevity of the company. Coupled with this difficult choice, the board members and managers have agreed to a 50% pay cut on their current salaries.

Finally Good News for the Gauselmann Group

It has not been all doom and gloom for the Gauselmann Group, as the landlords of their venues have reduced their rent by 50% which according to Paul Gauselmann has “ helped to secure the liquidity of the company and maintain a certain level of clout.”

The Gauselmann Group are already making preparations for when the restrictions are lifted, by producing new products for their loyal German clientele. Furthermore, the company’s casino venues already adhere to the now new norms of social distancing and according to board member Dieter Kuhlmann, they will be additionally compounded with further safety measures. This will ensure the safety of the casino players and guests.

Things appear to be looking up for the future of the Gauselmann Group and its employees, as the company tries to plan for a future with a more familiar environment, one without COVID-19.

Read Also
March Madness Preview and Betting Guide
The NCAA basketball tournament is almost here!, and today we will talk ...
Can I bet on American sports in Canada?
As you may already know, online and in-person sports betting is legal ...
Are there any Canadian-based sportsbooks?
Online sportsbooks are set to launch in Ontario in April 2022, with ...
captaingambling Weekly: Legalization of Sports Betting in Michigan draws nearer and other news…
With the year gradually coming to an end, there are some exciting ...
COVID-2019 Shuts Down Pennsylvania Casinos! The Five Best Online Casinos For You
Pennsylvania has a long history of casino gambling. But lately, things have ...
Top Betting Sites
Top Betting Promos
SI Sportsbook
SI Sportsbook
SI Sportsbook Review
97/100
BetRivers.com
BetRivers.com
BetRivers.com Review
95/100
BetMGM Sportsbook
BetMGM Sportsbook
BetMGM Sportsbook Review
94/100
DraftKings Sport
DraftKings Sport
DraftKings Sport Review
92/100
FanDuel Sport
FanDuel Sport
FanDuel Sport Review
90/100
SI Sportsbook
SI Sportsbook Promo
BET $20 GET $200 IN FREE BETS
T&Cs apply
9.7/10
First deposit only | 21+ & located in CO, MI, VA | Promo code EXTRA200| A qualifying bet is $20 or more | Min odds of +120 or more | Free Bet Tokens credited after bet is settled and expire after 7 days | Free Bet stakes not included in winnings | Please Gamble Responsibly - Gambling Problem? VA: CALL 1-888-532-3500, CO: CALL 1-800-522-4700, MI: CALL 1-800-270-7117 | Full T&C apply
BetRivers.com
BetRivers.com Promo
100% up to $500
T&Cs apply
9.5/10
BetMGM Sportsbook
BetMGM Sportsbook Promo
100% up to $1000
T&Cs apply
9.4/10
DraftKings Sport
DraftKings Sport Promo
20% up to $1000
T&Cs apply
9.2/10
WynnBET
WynnBET Promo
Bet $100 Get $100
T&Cs apply
9/10
Posts
Show More
Betting Tips
Get the latest updates in Sports and Casino via our Newsletter
header-hero-image
MLB Daily Picks:
Drew's DFS Picks
Our Team
Mark LewisJosh SchwartzDrew the DFS Guy
Mark Lewis
Mark Lewis
Editor
Josh Schwartz
Josh Schwartz
Editor
Drew the DFS Guy
Drew the DFS Guy
DFS Expert
Get the latest updates in Sports and Casino via our Newsletter

Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.

Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.

ccwww
Move to Top
Close
Our Sports Pros recommend these awesome Social Casino sites this week:
×
Your Bonus Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site