Gambling Group: He turned Merkur from a one-man operation into a billion-dollar corporation: Paul Gauselmann is dead
About two years after his departure from the top of the group, the founder of the gambling group has died at the age of 91. The future of the group has been secured for years.
Paul Gauselmann, founder of Germany's largest gaming company Merkur, has died at the age of 91. He built the company from a one-man operation into an international group with around 15,000 employees and a total turnover of approximately 2.1 billion euros after World War II. Gauselmann is survived by his wife, four sons, nine grandchildren, and seven great-grandchildren.
The Gauselmann family shares were transferred to the Gauselmann Family Foundation in 2016 to secure the company's future, and Gauselmann stepped down from the company's top in 2024. He was awarded the Federal Cross of Merit, First Class, in 2003 and honorary citizenship of Espelkamp and Lübbecke in 2004.
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