German gaming giant the Gauselmann Group has shut down all production and sales activities across its business due to the global novel coronavirus (Covid-19) pandemic.
Gauselmann has closed all 700 of its gaming establishments across Germany, in line with government-ordered measures now in force in the country.
The group said that the German shutdown has also had an impact on is Lübbecke facility, which it announced earlier this month would become the headquarters for global sales.
However, Gauselmann also said that its development departments around the world would remain intact in order to continue work on products for the future, albeit on a part-time basis while the outbreak continues.
In addition, Gauselmann said it intends to use its financial reserves to support the business throughout the pandemic, but did not disclose how long activities would be impacted, due to differing Covid-19 measures in regions worldwide.
“As a family business, we are happy that our employees stand by us not only in the past, but also in the future, and I am sure that once this crisis is overcome, there will be an even better future for all of us,” Gauselmann Group founder and chief executive Paul Gauselmann said.
The update comes after Gauselmann earlier this month announced that it had acquired what it described as a “significant majority stake” in igaming platform provider Bede Gaming.
Terms of the deal were not disclosed, but Gauselmann said that the agreement would further enhance its digital offering, and leave it well positioned to take advantage of the re-regulation of the German online gaming market from 2021.