Holland Casino Stops Privatization After Measure

This story was published more than 1 year ago.

Last week Dutch Justice Minister Sander Dekker said that he's withdrawing the Casino Gaming Modernisation bill, which will halt the privatization of Holland Casino in the country.

The bill was originally passed two years ago and would have worked to privatize 10 of Holland Casino's properties, leaving four in the hands of the monopoly that's currently in place. The move to suspend the privatization was applauded by labor unions in the country, who feared that the move would negatively impact workers at the casinos. Others claimed the privatization would have increased the possibilities of money laundering and addiction.

Holland Casino revealed in April that they had profits fall over the past year, largely due to the introduction of two new casinos in the country. For the period, revenues were up 2.7% to €656.6 million, but post-tax profits were down to €59.5 million.

About the author

Therese Williams // UK Correspondent
Therese Williams
Therese is a fervent fan of slot machines and pub fruities, often trying her luck at some of the top online casinos. She covers news for Casino Listings with a focus on the UK and Europe. Therese studied arts and creative writing at university and has written for newspapers in the UK.
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bgsharpe
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21 May 2019 - 4:28pm
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Others claimed the privatization would have increased the possibilities of money laundering and addiction.

That seems like a ridiculous arguments for me..certainly won't happen that way if there's enough control by the authorities in the country, and let's not forget this is about of already working casinos..so what the monopolist company have done so fine which the private brands couldn't!?