With Holland Casino it goes well in 2019. Recently published quarterly figures show that the company has attracted nearly 10% more visitors in the first half year compared to the same period in 2018. This has also ensured a sharp increase in sales and profits. The visitors who long to take a gamble, also spent more money per person. As a reasons for the increase, the opening of the new location in Amsterdam-West and the reopening of the branch in Groningen are cited. CEO Erwin van Lambaart expects the positive figures to continue in the second half of 2019.
14 branches running at full strength
The revenue and profit increase in the first six months of 2019 does not really come as a surprise. Over the past two quarters, the first since the end of 2017 had that Holland Casino had run the maximum permitted 14 branches at full strength. A new location has been added in Amsterdam West. This is also immediately one of the largest buildings of the company and has consent to offer gambling to gamblers 24 hours a day and 7 days a week.
A Groningen has also opened a temporary location until the construction of a new building in the city has been completed. The Holland Casino branch Groningen went up exactly two years ago in flames through a fire. For months people who wanted to gamble with a free shuttle bus to Heerenveen to enjoy their favorite games of chance. However, now is one Temporary pop-up casino opened And this ensures an increase in the number of gamblers in the northern province.
Privatization of state-owned company
The positive figures of the past two quarters are also good news for the state treasury. Earlier this year it has also become known that the Scheduled privatization from Holland Casino does not continue. The Minister of Finance will therefore be happy to count on how much money the population has shocked in the state business in recent months. The gross revenues increased by 12 percent compared to the same period a year earlier. 354 million euros in turnover was turned. From that amount, 32.5 million euros remained in profit after deduction of corporation tax. That is approximately 13 percent more than the first half of 2018.
The holland Casino still has to fear slightly in the coming one and a half years. Even afterwards, only the exclusive right to offer live casino games will remain exclusive at Holland Casino. A point where they will get competition from 2022 is to offer games of chance via the internet. According to the latest plans it will be in January of that year Online gambling legal be in the Australia. The company has already let alone a online casino to start. They have also invested large amounts in these plans last year and the following years. This is also a reason that the profit is now higher than last year.