Holland Casino Posts First Half Loss of €60 Million

This story was published more than 2 years ago.

Netherlands betting group Holland Casino announced their first half 2021 financials this week, noting that they lost more than €60 million during the period.

The land casino group claimed revenues of just €28.8 million. The low totals for all combined 14 casinos throughout the country were due to the casinos having only been open for a few weeks, as Covid-19 restrictions kept the locations shut until June 5th.

For the half, Holland Casino posted a loss of €64.8 million, compared to a loss of €37.8 million last year. This is attributed to casinos having been open for a few months in 2020 as the Covid pandemic hadn't hit full throat at that time.

The company is hoping that online gaming will help give a boost to its bottom line. They're anticipating getting a license and being able to launch online betting services in the newly-regulated Dutch market.

Commenting on the results Holland Casino CEO Erwin van Lambaart said, "Although corona has also hit our company head-on in the first half of 2021, our anniversary year in which have been in business for 45 years, we still look ahead with confidence.

"All in all, the Netherlands was deprived of legal casino offer for almost a year, but now that the corona measures are disappearing little by little in the Netherlands, recovery is in sight. We see that the resilience and dedication of our people, the general support measures from the government and a clear strategic investment vision for our future make us strong.

"We see bright spots in the potential offer of online games of chance as of 1 October next for which we have applied for a licence and the opening of our new world-class casino branches in Venlo and Utrecht."

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.