Holland Casino saw betting revenues drop 8.7% in 2021, with their full-year haul coming in at €304.2 million.
The casino's land destinations were closed for nearly half the year, 168 days, due to the Covid-19 pandemic. Furthermore, there were capacity limits in place for the rest of the year, which also knocked down the company's bet flow. Online betting came into play on October 2nd of last year and did generate €40.4 million in revenue for the group.
Holland Casino's slot machines generated €152.4 million, down 18% from last year. Table game revenues were €94.1 million, down 25.5%. Tips were €8.2 million. Food and beverage revenues were €7.9 million, down 25.6%. Other revenues were €1.2 million, down 28.2%.
The company paid €85.2 million in taxes and had €279.9 million in operating expenses. In all, the company had a pre-tax loss of €64.3 million, but this was reduced to a loss of €45.7 million after a tax benefit of €18.6 million was applied.
Regarding the results Holland Casino CFO Ruud Bergervoet said, "Despite the negative figures, we are in good financial shape at core. This is partly thanks to Holland Casino's agility and to the government support, which enabled us to retain a large proportion of the jobs in our company.
"It also became clear in 2020 that we needed to accelerate work on creating a future-proof Holland Casino. This is why we launched the Horizon restructuring project, in which, in addition to cost savings, we also looked at how we could manage the organisation as a whole more efficiently and effectively.
"The investments in the two new casinos in Utrecht and Venlo are also paying off. We also invested in our renewed restaurants."