Merkur founder Paul Gauselmann has died.

Paul Gauselmann, founder of Germany’s largest gambling company Merkur Group, has died at the age of 91, according to a statement released by the company from its headquarters in Espelkamp, Lower Saxony. The announcement was made on Friday, August 20, 2026, following his passing. Gauselmann built the Merkur Group from a one-man operation into an international enterprise employing around 15,000 people with a total revenue of approximately 2.1 billion euros. His legacy includes transforming the firm into a major player in the gaming industry, operating amusement arcades, casinos, and sports betting services. Born in the aftermath of World War II, Gauselmann started his career in the early days of the German economic miracle. Over decades, he expanded the business beyond local markets, establishing a presence in multiple countries. His leadership helped position Merkur as a dominant force within the European gaming sector. In recent years, Gauselmann stepped back from active management roles, retiring in 2024. Despite this, he remained engaged, regularly visiting the office on Tuesdays and Thursdays to oversee daily operations. The Merkur Group stated that Gauselmann leaves behind his wife, four sons, nine grandchildren, and seven great-grandchildren. His family's shares in the company were transferred to the Gauselmann Family Foundation in 2016, which became the sole owner of the Merkur Group. This move ensured the long-term stability of the organization, aligning the interests of the family with the company's strategic direction. Throughout his professional life, Gauselmann received numerous accolades. He was awarded the Federal Cross of Merit, First Class, in 2003. In 2004, he was honored as an honorary citizen of the cities of Espelkamp and Lübbecke. Additionally, he served as chairman of the Association of the German Gaming Industry for 28 years, playing a key role in shaping regulations and standards within the sector. Merkur Group operates a wide range of businesses, including the management of gaming halls and casinos, manufacturing slot machines, and developing games based on chance. It also engages in sports betting through its subsidiaries. The company’s diversified portfolio reflects Gauselmann’s vision of creating a sustainable and profitable business model that adapts to changing market conditions. In addition to his corporate achievements, Gauselmann was known for his contributions to community and cultural initiatives. His involvement in local affairs and support for regional development projects underscored his commitment to giving back to the communities where the company operated. Colleagues and associates described him as a dedicated leader who balanced professionalism with personal warmth. As the Merkur Group continues under new leadership, the foundation established by Gauselmann will play a central role in guiding the company forward. The transition marks a new chapter for the organization, while preserving the values and strategies that defined its growth over several decades. The company plans to honor Gauselmann’s contributions through internal memorials and public recognition ceremonies.