Holland Casino Lose €28 million In H1 of 2020
Holland Casino the Dutch state owned gambling company posted its first half results showing a decline of 60% in revenues for the year, with a loss of €28 million due to the pandemic lockdown within the country.
To help with the losses to the business the government has offered not to take its dividends for the year of €68 million, this is on top of the Dutch government’s aid to supports workers at Holland Casino while the lockdown was in place for the companies 4,000 workforce.
The company said on the current situation: “We are now looking at how we can make sure our company is financially sound and future proof in this difficult period.’ Casinos are now open again, but customer numbers have been slashed to 30% because of social distancing regulations.”
Holland Casino also said that it did not expect a bounce back in figures for the second part of the year because of customer confidence and the limit on their venues to ensure social distancing measures.
It is expected an update on the full year results will be offered on the 1st December.
