After years of large profits, for the first time in the first six months of 2024, Holland Casino has made a loss of 3.5 million euros. To turn the tide around, the state-owned company "aggressive campaigns” as a last resort is threatening to use to recruit gamblers.

State-owned gambling firm Holland Casino reported lower turnover and a corporate tax loss of 3.5 million euros for the first half of 2024, FD. The casino chain is fighting against an increase in gambling tax. It may cost him his head, said the CEO.

What will 2025 be for Holland Casino

The firm feels that it may slide further into the loss-making region if indeed the administration keeps up its plans to even further increase the gambling tax in 2025.
The firm is worried that if the government goes ahead with increasing the gambling tax even more in 2025, then it will spiral deeper into losses.
In the previous year, the casino group had made a profit of 17 million euros in the same period. The financial results were hurt big time by cost increases. For instance, the firm spent 11% more on personnel costs and made investments in improving staff levels as well as the range of games.

3.7 million euros Holland Casino

According to Holland Casino, an additional cost item of 3.7 million euros was added in the first half of the year because of the increase in the gambling tax by 1 percentage point that was implemented this year. It fears that if the government continues with its plans to increase the gambling tax even further in 2025 from 30.5 percent to 37.8 percent, it will sink deeper into losses.