Holland Casino Stops Privatization After Measure

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.

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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!?

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