Portrait of the

2016 Gauselmann Group

Lübbecke production site with sales department 1 Logistics 2 Development 3 Merkur Service 4 Production 5 Warehouse 6 Dispenser production 7 National sales 8 International sales

www.gauselmann.de DIRECTIONS

How to get to Gauselmann AG Espelkamp

www.gauselmann.de

Gauselmann AG Merkur-Allee 1-15 32339 Espelkamp Germany

Tel. +49 (0)5772 49-0 Fax +49 (0)5772 49-165

How to get to adp Gauselmann GmbH Lübbecke

Paul-Gauselmann- Straße PUBLISHING DETAILS Espelkamp headquarters 1 Spielothek Published by: Gauselmann AG Photos: Marco Moog, Hamburg 2 Administration Corporate Communications Judith Wagner, Düsseldorf adp Gauselmann GmbH Merkur-Allee 1-15 Foto Pescht, Lübbecke 3 Gebrüder Gauselmann Paul-Gauselmann-Straße 1 32339 Espelkamp Edwin Dodd, Hille (Boschstraße 8) 4 Real estate 32312 Lübbecke www.gauselmann.de Markus Jäger, Bielefeld adp Gauselmann GmbH Onno Brandis, Bielefeld 5 Vehicle fleet Germany Responsible for content in accordance Boschstraße 8 with the German press laws: Ilex Media, Lübbecke Post office Tel. +49 (0)5741 273-0 Mario Hoffmeister M.A. Steffen Schellhorn, Halle 6 32312 Lübbecke Watchara Rojjanasain, 123RF Fax +49 (0)5741 273-108 Edited by: Claudia Hecke, Mareike Kording, 7 Personnel department Tel. 05741-273-0 Irina Pötzschke, Nils Rullkötter, Printed by: Altmann Druck, Berlin 8 BEIT Fax 05741-273-108 Katrin Welland Edition: August 2016 „ Design: Birgit Michels 9 Event location Alte Gießerei“ adp Gauselmann GmbH/ 10 Warehouse Advertising department

KEY FIGURES OF THE 3 GAUSELMANN GROUP

in EUR million 2014 2015

Sales of all Group entities 1,942 2,213 (cumulative)

Sales (fully consolidated) 1,286 1,459 – of which in Germany 725 786 – of which international 561 673

Equity and equity investments 611 688

Investments 187 186

Workplaces at year’s end 8,458 9,240 (full-time equivalents) 6,848 7,651 – of which in Germany 5,789 6,135 – of which international 2,669 3,105 – of which temporary employment 358 360 – of which apprentices and trainees 218 187

WE ARE PHILOSOPHY 5 “THE GAMES MAKERS”

We are an internationally active family-owned company, com- As “the games makers”, we offer our guests gaming fun – mitted to providing leisure-time entertainment and gaming and with great success. Our mission and passion is to develop fun with small stakes and prizes, being always true to our games for adult players that offer maximum leisure-time motto “More than a game”. entertainment with small stakes and prizes, while providing the necessary technological infrastructure to meet the require- Our core competences – content, technology and operating – ments of today’s global and connected world. enable us at all times to offer top-quality games anywhere and at any time based on the respective legislative framework.

CONTENT

Input from Technology the market integration “The games makers” offer their guests maximum gaming fun with small stakes and prizes.

It goes without saying that all of our products and offerings OPERATING TECHNOLOGY comply with the statutory regulations that in Germany have been based since 1953 on the very stringent legal provisions Bringing of the German Industrial Code (Gewerbeordnung). Under these to market provisions, every new model and every modification is review- ed and approved by the Physikalisch-Technische Bundes- anstalt (PTB). We have a very strong sense of responsibility We stand for responsible gaming – the latest insights into towards our playing guests and abide strictly by all national prevention and consumer protection continually flow into our and international product-related requirements. product range.

Alongside our products, our employees play a major role in ensuring that our entire offering set the highest benchmarks.

With this brief portrait, we would like to show you what it „ means to be the games makers”! THE GAUSELMANN FAMILY FOUNDATION 7

2016 marks one of the most important milestones in securing the future of the Gauselmann Group. In order to guarantee the In addition to the companies within the Gauselmann Group continued existence as a corporate group for the coming gen- and their employees, this sustainable Family Foundation will erations, the Gauselmann Group founded by Paul Gauselmann also benefit a variety of cultural and social projects in and in 1957 has operated since 1 January 2016 under the mantle around the Altkreis Lübbecke district. Thus in the future, within of the Gauselmann Family Foundation. With this step, the the scope of the planned annual dividend payment, the Paul Gauselmann family of entrepreneurs is paving the way for and Karin Gauselmann Foundation with an endowment cap- the Gauselmann Group’s long-term and stable future as an ital of 10 million euros will receive the same financial support employer and driving force for the economy. As sole share- from the Family Foundation as each of the four lines of the holder of the Gauselmann Group, the Gauselmann Family family, made up of sons Michael, Armin and Karsten Gausel- Foundation makes the key strategic decisions needed to mann and the daughters of the eldest son, Janika and Sonja ensure the group’s ongoing commercial success and determine Gauselmann. its strategic orientation.

Transferring the shares of the previous shareholders of the Gauselmann Group into the Family Foundation precludes the risk of the company becoming fragmented if one owner were to sell his or her shares at any future point in time, and ensures the Gauselmann Group will continue to be run in its present form. The creation of the foundation also protects the company against unforeseeable financial burdens that could be triggered by the sudden death of shareholders, such as, for example, inheritance tax. Foundation Advisory Board

from l. to r.: Sonja, Armin, Karin, Karsten, Paul, Michael, and Janika Gauselmann

Foundation Board of Directors

from l. to r.: Armin Gauselmann, Company founder Paul Gauselmann and Paul Gauselmann Manfred Stoffers THE GAUSELMANN GROUP 9

A successful family business from eastern Westphalia

The Gauselmann Group has developed from a one-man busi- ness in 1957 to an international group of companies with over 9,000 employees and a business volume in financial year 2015 in excess of 2.2 billion euros. The logo of the corporate group is the laughing Merkur sun, Germany’s most popular gaming 1977 marked the and good luck symbol, that is increasingly recognised beyond start of production Germany’s borders as a synonym for modern leisure-time of the “Merkur B”. entertainment “made in Germany”.

Company founder Paul Gauselmann laid the foundation stone for the company when he began operating jukeboxes in his Today, the Gauselmann Group operates around 500 modern spare time. The step to full entrepreneurial independence entertainment centres in Europe, around 250 of which followed in 1964 – at a time when Paul Gauselmann already are located in Germany and managed under the CASINO employed a staff of 15. MERKUR-SPIELOTHEK brand.

The first gaming machine developed and produced by Paul Gauselmann was the “Merkur B”, which was brought to market in 1977 after four years’ development time. With its innovative Milestones 1957–1977 games system, the “Merkur B” offered exciting entertainment and met with an enthusiastic response from players. In the meantime, more than two million gaming machines with or 1957 1964 1974 1977 without cash prize opportunities have been produced and sold Part-time jukebox Full entrepreneurial First MERKUR- Market launch of operator independence SPIELOTHEK in the “Merkur B” and/or rented. The early machines featured only one game; Germany gaming machine today’s multigamers use touchscreen technology to offer up to 200 state-of-the-art games.

The “invention” of the modern arcade in 1974 with the first MERKUR-SPIELOTHEK was one of the most important mile- stones in the company’s history. The first company-owned Paul Gauselmann’s branch was opened in Delmenhorst, Lower Saxony. With its success story is one that special design concept – spacious rooms, modern machines tells of a “meteoric” rise. featuring the best games and a pleasant atmosphere like that of a 3- to 4-star hotel – it clearly stood out from conventional arcades of the day, which due to their poor quality were quite rightly labelled “gambling dens”. THE GAUSELMANN GROUP 11

Milestones 1993–2012

1993 1998 2006 2012

Consistent Only European com- Entry into the Acquisition of the internationalisation pany with a manu- Italian sports British arcade chain facturing licence for betting market Praesepe Las Vegas/USA Since 2014, the company has been running its first Merkur casino in Saxony-Anhalt. In the decades that followed its foundation, the Gauselmann Group developed to become the undisputed market leader in Germany. Since the early 1990s, the group has also become firmly established on international markets and has estab- lished a name for itself with its games and technology “made The company also made history in 2013 as a sports betting in Germany”. At around the turn of the millennium, the deci- provider and with the launch, by its Cashpoint subsidiary in sion was taken to develop new business segments, leading Schleswig-Holstein, of its first own licensed online casino. in 2006 to the Gauselmann Group’s entry into the liberalised Another important milestone was the granting of a licence sports betting market. to operate casinos in the state of Saxony-Anhalt.

Together with its partner Stadtcasino Baden AG, the Gausel- mann Group opened the first Merkur Spielbank Sachsen-Anhalt in Leuna-Günthersdorf in December 2014.

To guarantee its continued existence as a corporate group for the coming generations, the Gauselmann Group founded by Paul Gauselmann has operated since the beginning of 2016 under the mantle of the Gauselmann Family Foundation. In establishing the company foundation, the family members who are shareholders are expressing their desire to keep the Palma de Mallorca Since the 1990s, the Gauselmann Group London has consistently pursued its internation- entire group in the hands of the family and ensure its sustain- alisation policy. able commercial viability.

Milestones 2013–2016 The biggest acquisition in the company’s history was made in 2012 with the British arcade chain Praesepe, which employs 2013 2014 2016 a staff of around 1,500 and operates some 170 entertainment Casino licence for Opening of the first Entry into force of centres in the UK. Saxony-Anhalt Merkur Spielbank the Gauselmann in Leuna- Family Foundation Günthersdorf THE GAUSELMANN GROUP 13

Company founder Paul Gauselmann has not only the interests of the Gauselmann Group and its staff at heart, but also those of the German amusement and gaming machine industry as a whole. He has played a leading role in various industry associations since 1966, and cultivates ongoing contacts with representatives from politics and social organisations.

For the past 35 years, Paul Gauselmann has been President „ of the Verband der Deutschen Automatenindustrie e. V.“ Paul Gauselmann signing (German Industry Association for coin-operated Amusement the Deed of Foundation for the Gauselmann Family and Vending Machines”). Alongside his commitment to the Foundation. gaming machine industry, the company’s founder continues to pay tireless service to cultural, social and sporting initiatives in his home region of eastern Westphalia. In recognition of these unerring efforts, Paul Gauselmann was decorated with the German Federal Cross of Merit in 1993, and a decade later he received the higher-graded First Class Cross of Merit of the Or- Karsten Gauselmann was for many years responsible for the der of Merit of the Federal Republic of Germany. Furthermore, Gauselmann Group fleet of over 1,000 vehicles. Today he on the occasion of his 70th birthday, the towns of Espelkamp works as a hotelier and continues to support the group as a and Lübbecke made the entrepreneur an honorary citizen. member of the Supervisory Board.

Apart from the company’s founder, Paul Gauselmann’s four Key strategic decisions are made by the Gauselmann Family sons have also played an active role in building the group’s Foundation as sole shareholder of the Gauselmann Group. The commercial success. Peter Gauselmann, his eldest son and a Foundation’s Advisory Board as well as the Foundation’s Board computer science graduate, was entrusted in the 1980s with of Directors are made up of predominantly family members, building up the company’s IT department – today BEIT System- thus demonstrating an unequivocal commitment on the part haus GmbH. Business Studies graduate Michael Gauselmann of the Gauselmann family to the company and the region. The played a major role in the driving the group’s internationalisa- Foundation’s Advisory Board not only comprises members of tion during the early 1990s. the founding generation and their direct successors, but also members of their grandchildren’s generation. Alongside sons Armin Gauselmann, also a Business Studies graduate, joined Michael, Armin and Karsten Gauselmann, granddaughters the company’s Management Board in 1997, and, in addition Janika and Sonja Gauselmann, as well as three other experi- to Human Resources and Real Estate, is currently respon- enced associates, have a seat and a vote on the Advisory sible for the „Deutsche Automatenmuseum“ (German Coin-Op Board. Museum) at Schloss Benkhausen. Alongside his mother, Karin Gauselmann, he is a member of the Board of Trustees of the The Family Foundation is managed by the three-member Paul and Karin Gauselmann Foundation. Foundation Board of Directors, whose Chairman is Paul Gauselmann, with Armin Gauselmann as Vice-Chairman. The third member of the Board is Manfred Stoffers. THE GAUSELMANN GROUP SOCIAL COMMITMENT 15

Commitment to the home region

GAUSELMANN GROUP 2015 100% family-owned Social commitment in and around the company’s headquarters in the Altkreis Lübbecke district is a matter that is close to the Paul Gauselmann Karin Gauselmann 25% 25% hearts of the entire Gauselmann family, and to Paul Gausel- Michael Gauselmann Armin Gauselmann Karsten Gauselmann 25% 12.5% 12.5% mann in particular.

Social and health Effective 31 December 2015 irrevocable transfer of all shares to the Foundation Environ- Culture SOCIAL COMMITMENT ment

Local and professional sports

From 1 January 2016 GAUSELMANN FAMILY FOUNDATION The entrepreneurial family above all sponsors local sporting

Board of Directors: Paul Gauselmann, Armin Gauselmann, Manfred Stoffers initiatives. Alongside the company sports association Betriebs- Advisory Board: sportgemeinschaft Merkur Gauselmann e. V. with over 1,000 founders, four family lines and three external associates members, the Gauselmann Group supports a large number of local sports clubs and initiatives. Many sporting projects have been implemented, tournaments organised and sports equip- Games and games ment purchased with the help of group funding. Games and software software development 500 Entertainment centres development Development, production and approx. 50% in Sales of games sales of gaming machines at GERMANY and machines the Lübbecke location, approx. 50% in Local professional sports also receive continued financial Espelkamp headquarters EUROPE WORLDWIDE NATIONAL support. The Gauselmann Group is main sponsor of the TuS N-Lübbecke national league handball team as well as the TV Espelkamp regional tennis club, whose 1st Men’s team have Sports betting bricks-and-mortar/Internet Online gaming played in the 2nd national division for over ten years, and the INTERNATIONAL/ INTERNATIONAL/ WORLDWIDE WORLDWIDE district league football club FC Preußen Espelkamp.

Paul Gauselmann (r.) with his tennis team, the 1st Men’s 75 team of the TV Espelkamp-Mittwald regional tennis club. SOCIAL COMMITMENT 17

The company also sponsors the DSC Arminia Bielefeld football club as well as the annual Gerry Weber Open tennis tourna- ment in Halle/Westphalia. Individual professional sportsmen and women, as well as clubs outside the Altkreis Lübbecke district, also enjoy the entrepreneurial family’s goodwill. For instance, “the games makers” support the two tennis profes- sionals Tommy Haas and Sabine Ellerbrock, the German Ice Hockey League and the football teams VfL Wolfsburg, Hertha BSC and DSC Arminia Bielefeld. Donation check for 160,000 euros In 2016, the Schlaganfall-Info-Tour for deutsche Krebshilfe took place for the 15th time. (German Cancer Aid).

At the Gauselmann Group, commercial activities and environ- mental commitment go hand in hand. The group has been promoting the use of renewable energies for many years now. One example of this commitment is the wind turbine installed at the development and production location in Lübbecke in 1999. The photovoltaic system on the adp Gauselmann factory roof as well as on the roofs of 14 CASINO MERKUR-SPIELOTHEK buildings underlines the company’s strong environmental focus. Protecting the environment has long become an integral Top tennis player The Gauselmann Group also part of everyday operating activities across the Gauselmann Sabine Ellerbrock and sponsors recumbent cycling. Paul Gauselmann. Group. Organisational and technical processes within the company are optimised on an ongoing basis in order to save The group also finances projects and initiatives in the field of resources and to lower emissions. Certification of the Develop- preventive and emergency health care. Examples here include ment, Production and Sales departments of adp Gauselmann funding to purchase a sonography machine for the Lübbecke GmbH in accordance with the internationally valid DIN EN ISO hospital, as well as an ultrasound imaging unit for the 14001:2004 environmental management standard reflects the Johannes Wesling Clinic in Minden. importance the company attaches to this issue.

The modernisation of the Rahden hospital and the extension of the Stroke Unit at Minden Clinic would also not have been possible without the personal commitment of Paul Gauselmann. As long-standing Chairman and Board member Protecting nature and the of the “Schlaganfall” - Neurologische Klinik Minden e. V. För- environment is an inherent derverein (charitable trust for the Minden Stroke – Neurological part of the company’s philosophy – one example Clinic), stroke prophylaxis is a matter dear to the entrepre- is the photovoltaic system neur’s heart. In collaboration with the regional savings banks, installed on the roof of the adp Gauselmann factory he therefore initiates the annual “Schlaganfall-Info-Tour” in Lübbecke. (stroke information tour) through the Altkreis Lübbecke district, which in 2016 took place for the 15th time. SOCIAL COMMITMENT 19

A particular highlight at Schloss Benkhausen is the „ Modern conference rooms Deutsches Automatenmuseum – in a historic ambience: Sammlung Gauselmann“ Schloss Benkhausen. (German Coin-Op Museum – Gauselmann Collection) in the historic barn.

Another focus lies on preserving the region’s cultural heritage. German Coin-Op Museum – Gauselmann Collection This is reflected by the restoration of the 500-year-old Schloss Benkhausen and its estate, which was financed entirely from The entrepreneurial family laid the foundation for the Ger- the entrepreneur’s private funds. man Coin-Op Museum – Gauselmann Collection in 1985 by purchasing historical coin-op machines and researching into In a five-year restoration project, the historical main building, their history. Today the collection houses around 1,800 exhibits which for nearly four decades served the Wittekindshof Foun- from around the world. Since 1999, Armin Gauselmann has dation as a residence and workshop for people with disabil- been responsible for running the museum, which brings the ities, was converted into one of the region’s most ultra- international multifaceted history of coin-operated machines modern conference venues. Featuring 11 seminar rooms and alive like no other. 38 single/double bedrooms for up to 50 overnight guests, it can be used as the Gauselmann Group training centre, as well Since autumn 2013, the German Coin-Op Museum with its as for seminars and events organised by external companies. collection of some 200 rare exhibits in the historical barn at Schloss Benkhausen has served as an ambassador for the The “Die Rentei” café opened in 2015 has made Schloss gaming industry. The castle café and castle park, as well as the Benkhausen a popular destination for weekend excursions, museum, are open to the public. in addition to being a highly recommended venue for a wide variety of art, music and cultural events.

Some 200 historical coin-op machines are on permanent exhibition at the German Coin-Op Museum. SOCIAL COMMITMENT BUSINESS SEGMENTS 21

Charitable foundations Portfolio of the Gauselmann Group

On the occasion of his 65th birthday, company founder Paul The Gauselmann Group is an internationally active family- Gauselmann set up the Gauselmann Foundation, which in 2015 owned company in the entertainment and leisure-time was renamed the Paul and Karin Gauselmann Foundation. To industry. Alongside the development, production and sales of mark the 80th birthday of the entrepreneur’s wife, Karin Gau- amusement and gaming machines and money management selmann, the Foundation’s endowment capital was doubled systems, the group operates the well-known arcade chain to 10 million euros. The earnings from the capital are used to CASINO MERKUR-SPIELOTHEK. The Gauselmann Group is also support numerous cultural and social projects throughout the active in many other business segments, such as sports Altkreis Lübbecke district. In 2015 alone, as many as 90 insti- betting, online gaming and casinos. tutions received funding amounting to a total sum of around 200,000 euros. With the establishment of the Gauselmann Family Foundation, the Paul and Karin Gauselmann Foundation The business activities of the Gauselmann Group are divided will in future within the scope of the planned annual dividend into the following company segments: payment receive the same financial support from the company foundation as each of the four lines of the family, made up of sons Michael, Armin and Karsten Gauselmann and the daugh- National and international development, production and sales of amusement and gaming ters of the eldest son, Janika and Sonja Gauselmann. machines and money management systems

Furthermore, in 2008 the entrepreneurial family founded the “Stiftung Kinderfamilien-Hilfe” (Children-Family Support Foun- dation), which is specifically dedicated to helping families with MERKUR underage children that are experiencing temporary financial DIVISION difficulties because one or both parents have overindulged their passion for gaming.

Examples

SPIELOTHEK NEW DIVISION MEDIA

Thanks to a donation from the Together with other sponsors, Paul and Karin Gauselmann the Paul and Karin Gausel- National and Sports betting, Foundation, the German Red mann Foundation helped to Cross daycare centre was able fund a whiteboard for the international operation online gaming, to renew and expand its doll’s Astrid Lindgren School. of arcades national and international corner. and casinos financial services BUSINESS SEGMENTS 23

Merkur Division Thanks to many years of experience in development and pro- duction, the Gauselmann Group is known as a reliable partner The Merkur Division subsumes development, production and for national and international amusement machine and casino sales of amusement machines with and without cash prize operators. opportunities, as well as money management machines at home and abroad. The group also impresses with its quick adaptability to legal and social conditions, individual client preferences, as well as local market characteristics and gaming habits in each MERKUR DIVISION particular target market.

GERMAN INTERNATIONAL MARKET MARKETS

adp adp Gauselmann adp merkur Global Gauselmann Gauselmann Großhandel service activities (Merkur Gaming)

MFL Merkur MEGA Kaiser Merkur Activities Freizeit Spielgeräte Spiele Dosniha in Spain Leasing

Activities The M-BOX is one of Schneider Research & Blueprint GeWeTe in the UK Automaten Development Gaming „the top products from the games makers“ manufactured at the Lübbecke adp factory. HESS Cash Regal Gaming Systems and Leisure

Made in Germany

Gauselmann Group products, both for national and global mar- kets, are largely produced in Lübbecke. Production takes place in accordance with the international DIN EN ISO 9001:2008 standard and as a result customers all over the world benefit „ from the highest made in Germany“ quality.

The Gauselmann Group has another production site in Mecher- nich, the headquarters of its subsidiary GeWeTe Geldwechsel- und Sicherheitstechnik, where it produces change machines and payment terminals for municipalities. As German market leader, the HESS Cash Systems subsidiary in Magstadt develops hardware and software solutions for banks, public institutions, retail companies and casinos. BUSINESS SEGMENTS 25

Spielothek Division conducted by the German news magazine Focus. Twice in a row – 2015 and 2016 – CASINO MERKUR-SPIELOTHEK also The Spielothek Division consolidates the group’s global activ- received Focus magazine’s “Top National Employer” award, ities in the arcade and casino sector. making it one of the most recognised companies in Germany with very high staff satisfaction. The company also successful- ly participated in the “TOP SERVICE Germany 2016” compe- Entertainment centres: tition, which was organised by ServiceRating GmbH in collab- oration with the Handelsblatt newspaper as media partner With around 250 well-managed entertainment centres and the University of Mannheim. Here, CASINO MERKUR- operating under the CASINO MERKUR-SPIELOTHEK brand, the SPIELOTHEK belongs to the so-called excellence group. In 2013, Gauselmann Group is the market leader in Germany and offers the Gauselmann subsidiary also held its own in Germany’s its guests modern leisure activities with a difference. biggest service ranking by the daily newspaper “DIE WELT” and was the only company in the gaming machine industry to Four main factors make CASINO MERKUR-SPIELOTHEK Ger- be awarded the “Service Champion Bronze” seal. many’s most successful and most popular arcade chain: In the international arcade segment, the Gauselmann Group CASINO MERKUR-SPIELOTHEK operates under the CASINO MERKUR International brand. Since 1986, it has steadily extended its international business activities. Also beyond Germany’s borders, the Gauselmann

Innovative Group relies on its four success factors in order to offer its in- First-rate Best Qualified products with the atmosphere service personnel best games ternational guests state-of-the-art entertainment customised specifically to the needs of the individual markets.

Quality is a top priority at CASINO MERKUR-SPIELOTHEK. This is CASINO MERKUR International is currently active in Bulgaria, illustrated not only by the best selection of games, but also Croatia, Spain, the Czech Republic, Serbia, the UK, the Nether- the certification of the CASINO MERKUR-SPIELOTHEK headquar- lands and Slovakia, and operates well in excess of 200 mo- ters and all entertainment centres in accordance with inter- dern entertainment centres under the laughing Merkur sun. national quality management standard DIN EN ISO 9001:2008.

In 2016, CASINO MERKUR-SPIELOTHEK was voted “most popular gaming arcade” in a nationwide survey on gaming arcades

CASINO MERKUR-SPIELOTHEK relies on the four success factors: innovative products, modern atmosphere, qualified personnel 2013: 2016: 2016: 2016: and first-class service. Service Champion Top National Most popular Top Service Bronze Employer gaming arcade Germany BUSINESS SEGMENTS 27

Spielothek Division

Casinos:

The Gauselmann Group has been active in the casino sector since 2013. In the same year, Merkur Spielbanken Sachsen- Anhalt GmbH & Co. KG won the tender for the licence to operate public casinos in the state of Saxony-Anhalt and thus prevailed in the context of a Europe-wide bid for tenders. In Saxony-Anhalt it is permitted to open a total of two casinos The concept of the Merkur Spielbank in Leuna-Günthers- and four coin-op machine arcades. The company’s partner is dorf combines slot machine games with classic games such as blackjack, poker and roulette. Swiss Stadtcasino Baden AG. Decisive reasons for the choice were criteria such as professionalism in the field, economic soundness, as well as social concepts and location strategies. The Merkur Spielbank in Leuna-Günthersdorf is also the first Also in 2013, Merkur Spielbanken Sachsen-Anhalt received the casino in Europe to undergo accreditation by the internation- licensing assurance and, in 2014, the licence to operate public ally renowned Global Gambling Guidance Group (G4), thus casinos in Saxony-Anhalt was granted. breaking new ground with respect to the issue of responsible gaming. As part of the accreditation process, that started be- In December 2014, the Merkur Spielbank in Leuna-Günthers- fore the casino opened, the G4 experts examined the effec- dorf opened its doors. It is Germany’s most modern casino, tiveness of the responsible gaming measures put in place for with a unique concept combining classic games such as the Merkur Spielbanken Sachsen-Anhalt and controlled their blackjack, poker and roulette with slot machine games. At the conformity with the strict G4 accreditation guidelines, for ex- Merkur Spielbank, professionally trained staff and first-class ample compliance with the statutory requirements, integration customer service are top priorities. Ten casino tables and 120 of responsible gaming guidelines into internal processes and gaming machines are available altogether. There is also a responsibility for their implementation. stage for events and a lounge and bar area where food is served. Use of state-of-the-art technology in all areas is also Since January 2016, the Gauselmann Group has also been a part of the concept. For example, the Merkur Spielbank in 40 per cent shareholder of Germany’s largest casino in Berlin. Leuna Günthersdorf is the only casino in the world to feature a special ticketing system that is used not only for slot ma- chines, but also for classic games, making the traditional cash counter redundant. A second Merkur Spielbank was opened in Magdeburg in April 2016. The Merkur Spielbank Sachsen-Anhalt is Germany’s most modern casino. SCHLOSS BENKHAUSEN 29

Saved from dereliction: with the refurbishment of the 500- workshops and all manner of events. Since October 2013, the year-old Schloss Benkhausen estate comprising over ten estate has also housed the German Coin-Op Museum – Gausel- buildings, the Gauselmann entrepreneurial family has restored mann Collection. Tasty treats and hospitality are on the menu a hallmark to the town of Espelkamp. In five years, the castle at the castle café “Die Rentei”. At weekends, the café and char- was transformed into a state-of-the-art training centre that, ming beer garden are open to all visitors of the castle grounds. with 11 seminar rooms and accommodation for 50 people in single and double rooms, offers plenty of space for seminars, BUSINESS SEGMENTS 31

New Media Certification in accordance with DIN ISO 27001 guarantees that all Gauselmann Group offerings comply with the highest The New Media corporate segment covers the areas of sports security standards. betting, online gaming and financial services. Merkur Interac- Land-based: tive, established in 2006, is responsible for the development - Betting shops of this market segment. - Self-service betting terminals

Online: NEW MEDIA - Internet betting services - Sports betting app

The Gauselmann Group currently operates successfully in Sports betting Online gaming Financial services three countries: in Austria and Denmark under the Cashpoint brand and in Germany under the XTiP brand. Sports betting:

With a controlling stake in the Austrian company Cashpoint, the Gauselmann Group successfully entered the international sports betting market over ten years ago. The portfolio com- prises sophisticated integrated solutions – land-based and online – all tailor-made to comply with the country-specific laws and regulations in the respective target markets. Within the B2C segment, placing sports bets and accessing services couldn’t be easier, thanks to personalised customer cards.

The Gauselmann Group offers With the Merkur Bet Book, play- bricks-and-mortar land-based sports ers can display XTiP’s full range betting sales outlets as well as on- of betting products and place line offerings Germany-wide under their bets directly. the name XTiP.

Cashpoint has established a Germany-wide reputation as a sports betting specialist through operation and sales of the Merkur Bet Book betting terminal developed and manufac- tured within the Gauselmann Group. With its XTiP brand, the Gauselmann Group is one of the main sponsors Since the end of 2012, the company has held a sports betting of the German premier and online casino licence valid only in Schleswig-Holstein league football team VfL Wolfsburg. that accords it the right to offer sports betting services in Germany’s northernmost federal state, both in betting shops and at betting terminals as well as via online offerings. BUSINESS SEGMENTS 33

Online gaming: Financial services:

Belonging to the group since 2008, edict eGaming is also ac- The market for online payments is growing steadily worldwide tive in the New Media segment alongside Cashpoint. The due to an increasing number of consumers making mobile Hamburg-based company specialises in online gaming plat- purchases on their laptop, tablet or smartphone. Experts are forms as well as the development and technical operation of predicting a further sharp drop in the share of cash payments online casino solutions and system platforms for the gaming by 2020 as more and more consumers start to utilise cross- industry. edict eGaming sells its proprietary products exclu- border methods of payment. With an increasing amount of sively in the B2B sector. Furthermore, Merkur Interactive’s e-commerce taking place across national borders, this trend national subsidiaries operate online casinos in Italy, the UK, is happening online as well as in the physical world. Schleswig-Holstein in Germany, and Spain. The Gauselmann Group will tap into the many possibilities The games offering is available both as an online and mobile offered by this future market through its European Payment version. Group subsidiary headquartered in Frankfurt am Main.

Merkur Interactive’s national subsidiaries operate four online casinos Europe-wide in Italy, the UK, Schleswig-Holstein in Germany, and Spain. Mobile shopping using smart- phones or tablets is becoming increasingly popular. PREVENTION 35

The Gauselmann Group sets benchmarks as a manufacturer particular the public to openly and freely address this topic of amusement and gaming machines and as an exemplary free from prejudice. As market leader in Germany, we offer operator of gaming venues. Consequently, the issue of pre- among other things modern arcades, innovative entertain- vention has been an integral part of the company’s philosophy ment products with the best games and first-class service that and internal guidelines for many years. At the same time, the naturally also gives consideration to responsible consumer group has played an important role in promoting the topics protection. of responsible gaming and prevention at industry association level, initiating industry-wide implementation of important In implementing effective prevention measures, we cooperate measures to protect players – as a voluntary commitment intensively and successfully with experts from the fields of independently of legal requirements. politics and science, as well as support and counselling agencies. Continuous training and raising awareness among How many people can actually be classified as pathological staff, along with information relating to consumer protection, players is very difficult to ascertain. All available studies show are the cornerstones for successful prevention work surroun- that in Germany the proportion of these players is consistently ding the topic of gaming with small stakes and prizes. very low. Researchers assume that approximately only 10 in 1,000 players exhibit pathological gaming behaviour. For this reason, the Gauselmann Group fosters continuous dialogue with a nationally and internationally recognised team of experts who advise and support the group within the framework of the Gauselmann Group Responsible Gaming Commission. Experts on this commission are Prof. Jörg Häfeli Stäger (University of Lucerne, Switzerland), Pieter Remmers (Director Assissa Consultancy Europe, the Netherlands) and Roman Neßhold (Institut Glücksspiel & Abhängigkeit (Institute David Schnabel is the of Gambling and Addiction), Austria). Gauselmann Group’s Responsible Gaming Officer.

The Gauselmann Group stands for This puts Germany at the lower end of the European rankings. responsible gaming and has complied For 99 per cent of our playing guests, our games offerings are with the legal requirements on exemplary consumer protection for decades. a harmless and enjoyable pastime. International and national studies carried out in recent years show that the number of people who develop a problem with playing games for money is consistently below one per cent of the population. The latest study by the Bundeszentrale für gesundheitliche Aufklärung – BZgA (Federal Centre for Health Education) bears out these findings.

The most important starting point for our prevention activities is a diversified and comprehensive information policy that empowers those affected, their families, employees and in EMPLOYEES AND TRAINING 37

One of the key factors in the success of the Gauselmann Group Betriebssportgemeinschaft Merkur Gauselmann e. V. are its motivated and capable employees. In December 2015, the group employed 9,240 people in total, 6,135 of these in The company sports association Betriebssportgemeinschaft Germany alone. Over 200 young people were undergoing Merkur Gauselmann e. V. has received support from the entre- training in 16 different occupations and dual courses of study. preneurial family for over 30 years. With over 1,000 members in 23 sporting disciplines, the BSG Merkur Gauselmann e. V. Apart from the traditional administrative and commercial/ is the largest company sports association in the Minden- technical occupations, training is also offered in new indus- Lübbecke district and also one of the largest company sports try-specific careers. The apprenticeship professions “coin-op associations in North Rhine-Westphalia. Athletes from the specialist” and “coin-op service technician” were officially various disciplines have frequently shone in numerous recognised and approved in 2008 after years of campaigning competitions and tournaments. on the part of well-known lobby groups, institutions and com- panies – with the Gauselmann Group leading the way. Uniformly structured training leading to the qualification “coin-op specialist” has been offered since 2015. It is based on a period of three years and offers trainees in the Gauselmann Group the opportunity to specialise in the field of coin-op service with a focus on “commercial business processes” and Over 1,000 members of the company’s own sports “customer relations”. association actively participate in the diversified range of shared recreational activities. Each year, the good to excellent examination results of our graduates, as well as numerous top distinctions at federal state and national level, are an endorsement of the company’s excellent training quality. Merkur Seniors Club

Furthermore, the CASINO MERKUR-SPIELOTHEK subsidiary Paul Gauselmann and 26 former employees founded the received Focus magazine’s “Top National Employer” award Merkur Seniors Club in 1998 in order to maintain active contact two years in a row – in 2015 and 2016. between the company and former colleagues. Under the motto “Once Gauselmann, always Gauselmann”, more than The high number of applications the Gauselmann Group 100 former employees are currently active in the Merkur receives each year also speaks for itself. In 2015, approxi- Seniors Club. mately 2,500 young people applied to join ”the games makers”, with 58 lucky candidates winning one of the Armin Gauselmann Training qualified junior talent has coveted training positions. congratulates Maria Nitsch, been integral to the philosophy of „ the best national coin-op the family-managed Gauselmann service technician“. Group for decades.

In 2015, the Gauselmann Group was awarded the “Best Place to Learn” seal of quality. OPERATING COMPANIES 39

The most important operating companies in the Gauselmann Group

1957: Founded as a sole proprietorship by Paul Gauselmann in the name of Elisabeth Gauselmann 1972: Foundation 1958: Gebrüder Gauselmann GbR with www.adp-gauselmann.de brother Willi Gauselmann 1962: Gebrüder Gauselmann GmbH with adp Gauselmann GmbH the brothers Paul, Willi and Eugen Gauselmann www.gauselmann.de Research, development, production and sales of games with and for small amounts of money, as well as amusement and gaming Gebrüder Gauselmann GmbH machines with or without cash prize opportunities, are all united at adp Gauselmann GmbH. adp Gauselmann GmbH was the first company The corporate beginnings of Gebrüder Gauselmann GmbH go back to in the German coin-op machine industry to receive the ISO 9001 the sole proprietorship founded by Paul Gauselmann in 1957 in the certification by TÜV Rheinland in 2002. Thus, the company has been name of his first wife, Elisabeth Gauselmann. The company was seen developing and manufacturing in compliance with internationally right from the beginning as a competent partner for the professional recognised quality standards for more than ten years. The company operation of amusement machines with and without stakes and prizes was also certified within the scope of its environmental management in the food and drinks segment. A second company set up in Oelde in in accordance with the DIN EN ISO 14001:2004 standard in 2013 and 1967 specialised in operations in the food and drinks segment under with the BS OHSAS 18001 standard in 2014, which attest to optimum the management of Eugen Gauselmann, whilst brother Willi was in occupational health and safety management. charge in Espelkamp. Development, retail and production were the sole responsibility of Paul Gauselmann from the 1960s.

1974: Foundation www.merkur-spielothek.de 1970: Foundation www.adp-gauselmann.de CASINO MERKUR-SPIELOTHEK GmbH

Gauselmann Großhandel In the arcade segment, CASINO MERKUR-SPIELOTHEK GmbH is the undisputed market leader in Germany with around 250 entertainment Gauselmann Großhandel as the sales organisation within adp Gausel- centres. A stylish atmosphere, innovative products, optimal service mann GmbH is the partner of choice in the field of electronic enter- alongside optimally trained staff make CASINO MERKUR-SPIELOTHEK tainment. Sales are generated throughout Germany via a nationwide stand out clearly from the competition and combine to deliver a network of currently 11 subsidiaries as well as online shops that are first-rate and modern leisure-time activity. Around 500 gaming arcades accessible via the adp Internet portal. operate according to this recipe for success Europe-wide. OPERATING COMPANIES 41

1985: Foundation of Stella International Spielgeräte GmbH 2003: Foundation of MEXIM GmbH & Co. KG 1980: Founded as Zentralverwaltungsgesellschaft mbH 2005: Merger to form Merkur Gaming GmbH 1990: Company name changed to Gauselmann AG 2015: Integration into adp Gauselmann GmbH www.gauselmann.de www.merkur-gaming.com

Gauselmann AG Merkur Gaming (adp Gauselmann GmbH)

Gauselmann AG came into being in 1990 following the change of The Gauselmann Group has been active in international markets since the company name from Zentralverwaltungsgesellschaft mbH that as far back as 1985, firstly as Stella International Spielgeräte GmbH was founded in 1980. As the holding company, it unites many of the and, from 2003 onwards, through MEXIM GmbH & Co. KG. The com- companies within the Gauselmann Group. panies were merged in 2005 as part of the realignment of the inter- national business activities to form Merkur Gaming GmbH, which since then has been responsible for the development and sales of gaming machines and casino slot machines, as well as video lottery terminals (VLT) and server-based gaming (SBG) systems for the international markets. The company was organisationally integrated into adp Gauselmann GmbH in 2015. The Merkur Gaming brand name has been retained for international sales.

1984: Acquisition www.schneider-automaten-home.de

Schneider Automaten GmbH

Schneider Automaten GmbH, based in Cologne, predominantly sells products manufactured by the Gauselmann Group through its nine establishments. However, the distributor’s portfolio also includes 1986: Foundation products of other well-known manufacturers. The company Walberer www.mfl.de Automaten founded in 1987 merged with Schneider Automaten in 2010. Merkur Freizeit Leasing GmbH (MFL)

Merkur Freizeit Leasing GmbH, as the financial services provider of the Gauselmann Group, offers its customers rent, lease and licence models that are optimally adapted to the changing market conditions and thus represent a fair alternative to conventional investment loans. In addition to this, Merkur Freizeit Leasing GmbH also includes insurance for machines in its product portfolio. OPERATING COMPANIES 43

1986: First international arcade location is opened 2006: Foundation of Merkur Casino GmbH 2011: Company name changed to Merkur International GmbH 2014: Company name changed to CASINO MERKUR International GmbH Since 1988: Cooperation www.merkur-casino.com www.mega-spiel.de

CASINO MERKUR International GmbH MEGA Spielgeräte GmbH

The Gauselmann Group opened its first international entertainment MEGA Spielgeräte GmbH is a highly regarded specialist in developing centre in 1986. Merkur Casino GmbH was founded in 2006 in order to jackpot systems, multigame lines and games with additional stakes. further promote arcade expansion outside of Germany. The company Manufacturing of the products developed in Limburg is carried out name was changed to Merkur International GmbH in 2011, then to exclusively and in accordance with ISO 9001 standards at the adp CASINO MERKUR International GmbH in 2014, which in the meantime Gauselmann GmbH plant in Lübbecke. operates well in excess of 200 modern entertainment centres in eight European countries.

1991: Foundation www.merkur-immobilien.de 1987: Foundation www.beit.de Merkur Immobilien und Beteiligungs GmbH

BEIT Systemhaus GmbH Merkur Immobilien und Beteiligungs GmbH plans, builds and adminis- ters real estate throughout Germany for the entire Gauselmann Group. As an IT service provider, BEIT Systemhaus GmbH supports and im- This includes business premises with flats and also shops as well as plements all IT systems within the Gauselmann Group. Both national service, production and logistics areas. The subsidiary company was and international non-Group companies can avail themselves of the responsible for a total of 130 real estate projects with an acquisition capabilities of this full-service provider and benefit from the diversi- value in excess of 250 million euros in the 2015 business year. fied portfolio of wide-ranging IT services. OPERATING COMPANIES 45

1993: Foundation Since 2002: Cooperation www.gewete.de www.kaiserspiele.de

GeWeTe Geldwechsel- und Sicherheitstechnik GmbH Kaiser Spiele GmbH

GeWeTe Geldwechsel- und Sicherheitstechnik GmbH specialises in the Kaiser Spiele GmbH, based in Euskirchen, develops amusement with development and production of money-changing machines and pay prizes (AWP) machines for the German market and concentrates stations. By virtue of its innovative products the company has been mainly on hybrid machines that combine mechanical reels with a a recognised market leader in the arcade segment for many years. digital display. Machine manufacturing is carried out exclusively and The product portfolio also includes Kiddie Rides. in accordance with ISO 9001 standards at the adp Gauselmann GmbH factory in Lübbecke.

1996: Foundation 2005: Shareholding 2000: Foundation 2014: Full acquisition www.adp-gauselmann.de www.cashpoint.com adp merkur service Cashpoint Agentur & IT-Service GmbH adp merkur service, as the service provider of the Gauselmann Group, Cashpoint Agentur & IT-Service GmbH has been active in the sports offers its customers a diverse choice of services. Alongside mainten- betting market since 1996. The Gauselmann Group purchased a ance and support of coin-op AWPs, an extensive range of accessories controlling share of the Austrian company in 2005 and completely as well as numerous workshops and seminars are offered. integrated it into the corporate group in 2014. Cashpoint operates more than 5,000 betting outlets in the form of betting shops, kiosk systems and self-service terminals alongside licensed Internet platforms.

1885: Foundation 2001: Acquisition MERKUR www.hess.de MERKURINTERACTIVE HESS Cash Systems GmbH & Co. KG 2006: Foundation HESS Cash Systems GmbH & Co. KG from Magstadt is a leading special- INTERACTIVE ist for money-processing system solutions with a wealth of experience Merkur Interactive GmbH gathered from entrepreneurial activities spanning 130 years. This trad- itional company develops, produces and sells hardware and software Merkur Interactive GmbH, founded in 2006, is responsible within solutions for cash-handling and payment systems for banks, local the Gauselmann Group for developing new business segments. This authorities, public amenities and retail companies. currently encompasses the segments online gaming and financial services.

Services INTERACTIVE

India OPERATING COMPANIES 47

1998: Foundation 2007: Foundation 2008: Acquisition 2012: Acquisition www.edict.de www.praesepeplc.com edict eGaming GmbH Praesepe Group edict eGaming GmbH is the specialist for online gaming platforms The British arcade chain Praesepe has been part of the Gauselmann within the Gauselmann Group and focuses on the development and Group since 2012. With a transaction volume of around 100 million technical operation of online casino solutions and system platforms for euros, this was the largest acquisition in the history of the corporate the gaming sector as well as marketing games on a global basis. The group. Praesepe owns 185 entertainment centres and bingo clubs, Hamburg-based company is a subsidiary of Merkur Interactive GmbH which now also offer games from the Gauselmann think tank. and has been a part of the Gauselmann Group since 2008.

2001: Foundation 2008: Shareholding India 2012: Full acquisition 2012: Foundation www.blueprintgaming.com Merkur Gaming India PVT Ltd. Blueprint Gaming Merkur Gaming India PVT Ltd. was founded in 2012 as a subsidiary of In 2008, the Gauselmann Group purchased a 50 per cent controlling adp Gauselmann GmbH and has since been responsible for program- share in Blueprint Gaming, a multiplatform developer for digital ming and mathematics of various games. In addition to traditional games. Since 2012, the group has been the sole shareholder of slot machine games, Merkur Gaming India PVT Ltd. also develops Blueprint Gaming with locations in the UK and USA. mobile applications such as apps, and ports slots to online platforms. The research and development centre focuses on games-related IT and software development. Merkur Gaming India Pvt Ltd. collaborates closely with the Indian subsidiary, Lucky Nugget Gaming Pvt. Ltd.

2010: Foundation of Merkur Gaming Espania S.L. 2012: Expansion of business operations with the acquisition of Dosniha Gaming S.L. 2015: Company name changed to Merkur Dosniha S.L. www.dosniha.com

Merkur Dosniha S.L.

The Spanish company Merkur Dosniha S.L. is responsible for the sale of multigamers in Spain for the Gauselmann Group. As well as the headquarters on Mallorca, the company has two branch offices in Mur- cia and Madrid. The company also has its own development capacities: Merkur Dosniha S.L. adapts the Merkur games to the requirements of the Spanish market and the preferences of players there. OPERATING COMPANIES 49

SPIELBANKEN SACHSEN-ANHALT 2013: Foundation 2013: Acquisition www.merkur-spielbanken.de

Lucky Nugget Gaming Pvt. Ltd. Merkur Spielbanken Sachsen-Anhalt GmbH & Co. KG

The Indian game design studio Lucky Nugget Gaming Pvt. Ltd. has SPIELBANKENMerkur Spielbanken Sachsen-Anhalt SACHSEN-ANHALT GmbH & Co. KG and its partner been part of the Gauselmann Group since 2013. The research and Stadtcasino Baden AG from Switzerland received the licensing as- development centre is principally responsible for game design – from surance to operate public casinos in Saxony-Anhalt in summer 2013. developing new ideas, via audiovisual implementation, to the finished Following granting of the licence, the opening of the first casino in game. Lucky Nugget Gaming Pvt. Ltd. works hand in hand with the Leuna-Günthersdorf followed in December 2014. A second Merkur parent, Merkur Gaming India Pvt. Ltd. casino opened in Magdeburg in April 2016. The licence permits four further locations in Saxony-Anhalt. Furthermore, as of 2016, the Gauselmann Group is a co-partner in Spielbank Berlin and is actively involved in the development of licensed casino venues in the German capital.

1997: Foundation 2013: Shareholding 2015: Full acquisition

2013: Foundation as MAXCAT Vertrieb GmbH 2013: Shareholding Regal Gaming and Leisure 2016: Full acquisition and company name changed to XTiP Sportwetten Vertrieb GmbH Regal Gaming and Leisure is an operator of amusement with prizes www.xtip-vertrieb.de (AWP) machines from the UK. The company plays a predominant role particularly in the UK food and drinks sector. The Gauselmann Group XTiP Sportwetten Vertrieb GmbH invested in a shareholding in Regal Gaming and Leisure in 2013 and then acquired the business in 2015 to increase its market presence yet XTiP Sportwetten GmbH is responsible for the German sports betting further in the UK market and successfully place its own products in the business at Gauselmann. In the German market, Gauselmann is rep- most sought-after pub segment. resented under the XTiP brand with its own betting shops, numerous franchise partners and an online offering (www.xtip.de and as app). The Frankfurt-based company is the subsidiary of Merkur Sportwetten GmbH. OPERATING COMPANIES 51

MERKUR MERKURINTERACTIVE SERVICES 2008: Foundation 2014: Acquisition INTERACTIVE SERVICES www.betcomgames.co.uk 2015: Foundation

Betcom Ltd. Merkur Interactive Services GmbH

The Gauselmann Group acquired another British gaming software Merkur Interactive Services GmbH (MIS) consolidates online gaming company through the acquisition of Betcom Limited in 2014. Betcom business for the merkurmagic.es, cashino.com, Merkur-win it, Limited has made a name for itself in the fields of game development Cashpoint and XTiP brands with respect to sales, marketing, media and game design and markets diverse games for reel-based machines and customer care activities in the online segment. As well as de- and multigamers. veloping its own structure and implementing uniform processes, the existing national subsidiaries are being integrated into MIS. In order to remain competitive moving forward, processes and offerings in the various countries are being consolidated, optimised and new tools and games implemented.

2014: Shareholding www.europaymentgroup.com

Euro Payment Group GmbH

Acquisition of a majority shareholding in the payment services com- 2015: Foundation pany Euro Payment Group GmbH (EPG) in 2014 paved the way to the Gauselmann Group’s entry into the financial services business seg- Merkur Sportwetten GmbH ment. EPG, headquartered in Frankfurt am Main, is active worldwide in the fields of online payment, mobile payment and gateway services. Merkur Sportwetten GmbH consolidates the entire national and international sports betting business of the Gauselmann Group. This includes the offering and brokering of sports bets (in shops, Online and mobile) under the brands Cashpoint (Austria and Denmark) and XTiP (Germany) as well as serving other international markets. MANAGEMENT BOARD SUPERVISORY BOARD 53

Manfred Grünewald Chairman, former Managing Partner of tobaccoland GmbH & Co. KG

Karsten Gauselmann Hotelier

Alexander Vleeming Alexander Martin Finance New Media

Dieter Kuhlmann Spielothek Division

Manfred Stoffers Jürgen Stühmeyer Marketing · Communications · Political Affairs Merkur Division Max Walberer Entrepreneur Dr. Werner Schroer Technology

Armin Gauselmann Paul Gauselmann Vice-Chairman Chairman of the Management Board of the Management Board