Casino Operating Services – Sale Of Shares In Spielbank Sh Gmbh. The Company For The Administration And Financing Of Investments Mbh (Gvb) Intends To Sell The Shares It Holds In Spielbank Sh Gmbh. By Decision Of October 31, 2025, The State Of Schleswig-Holstein Granted Spielbank Sh Gmbh The License To Operate Five Public Casinos In Schleswig-Holstein (Casino Concession) In Accordance With Section 2 Paragraph 1 In Conjunction With Section 3 Of The Schleswig-Holstein Casino Act (Spielbg Sh) With A Term Of 15 Years Until December 31, 2040. The Casino License Became Inviolable Under Public Procurement Law After Ten Calendar Days From The Publication Of The Ex-Ante Announcement On October 20, 2025 (Section 135 Paragraph 3 Sentence 1 Of The Act Against Restraints Of Competition (Gwb)). The Casino Concession Is To Be Classified As A Service Concession Within The Meaning Of Section 105 Paragraph 1 No. 2 Of The Gwb. For Eu Procurement Law And Eu State Aid Law Reasons, The Sale Of The Shares In Spielbank Sh Gmbh Will Take Place In A Transparent, Non-Discriminatory, Unconditional And Competitive Eu-Wide Procurement Process. The Procedure Is Carried Out As A Negotiated Procedure With Participation Competition In Accordance With The Requirements Of The Ordinance On The Award Of Concessions (Konzvgv). The Award Of The Contract In The Award Procedure Is Subject To The Condition That The Ministry Of The Interior, Municipal Affairs, Housing And Sport Of The State Of Schleswig-Holstein (Ministry Of The Interior), Which Is Responsible For Gambling Supervision, Agrees To The Transfer Of The Shares In Spielbank Sh Gmbh (See Section 13 Paragraph 4 Sentence 1 No. 2 Spielbg Sh). Before Granting Approval, The Responsible Interior Minister Must Obtain The Consent Of The Ministry Of Finance, Which Is Granted On The Basis Of A Budgetary Economic Feasibility Study (§§ 7 Para. 1 Sentence 1, 63 Para. 3 Sentence 1, 65 Para. 3 Sentence 1 Of The State Budget Code (Lho Sh)). The Sale Is Also Subject To The Approval Of The State Government (Cabinet Reservation). The State Parliament Has Asked The State Government To Report To The Finance Committee Of The State Parliament On The Negotiated Terms Of Sale Before Selling The Shares In Spielbank Sh Gmbh, While Maintaining The Necessary Confidentiality, And To Submit Them To It For Approval (Lt-Drs. 20/3828). The Estimated Value Stated In This Announcement Under Section 2.1.3 Corresponds To The Sum Of The Sales That The Target Company Is Expected To Achieve In The Years 2026 To 2040 (See Section 2 (3) Konvgv).
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