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Germany – Berlin and Bremen up for sale

By - 18 December 2012

NRW.Bank, the parent company of German operator WestSpiel Gruppe, is looking to offload two of its casino assets with venues in Bremen and Berlin both up for grabs.

The development bank plans to concentrate on its other gaming interests in North Rhine-Westphalia, said a spokesman, namely those in Aachen, Bad Oeynhausen, Bremerhaven, Dortmund-Hohensyburg, Duisburg and Erfurt.

With figures for 2011 not available, the Bremen Casino generated a loss of €1.8m in 2010 whilst in Berlin the loss for the year was €1.9m.

The bank says the losses were caused by high gambling taxes which are pitched as high as 80 per cent of gross gaming revenue.

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