Merkur Increases Stake in Betcenter Group

Merkur Sportwetten GmbH, a subsidiary of the Gauselmann Group, has increased its holding in the Belgian sports betting company Betcenter Group from 50.1% to 74.9%.

Business relations have existed between Merkur Sportwetten and Betcenter for approximately four years. Merkur purchased a share of 50.1% of Betcenter at the beginning of 2018. This holding has now been increased by 24.8%. After the partial sale, Seydi Tekin will remain the managing partner of Betcenter for the long term; Carsten Schaudienst will continue to be active as a board member.

 “In 2018, we decided to sell part of our business in order to be able to further expand our business activities in Belgium and grow more strongly as a company. We found an ideal partner in Merkur Sportwetten, which supports us as a technology partner for system bets as well as financially. The partnership quickly brought benefits and we were able to double our turnover in the past two years,” Seydi Tekin said.

 “Together, we want to increase the already large footprint of Merkur Sportwetten under the Betcenter brand in Belgium. In line with this, we will further extend the omnichannel product offering (physical as well as online) in the coming months,” Markus Ettlin, Managing Director of Merkur Sportwetten, said.