Holland Casino closed its doors from January to June 2022. During that time, €353 million was cashed in, of which €82 million came from Holland Casino Online. After correction for corporation tax, the 'result first half year' amounted to 8.2 million euros. This was achieved despite the corona restrictions in the first two months of this year; however, these restrictions were lifted in March of this year.
Good results for Holland Casino in 2022
Although other online casinos are increasing in number, the loyal guests of Holland Casino have returned in large numbers. The staff and directors of the casino are doing everything they can to provide their guests with a great experience. They expect a positive year thanks to this continued support from the community. The future of the business still depends on the corona effect of the fall and how quickly the labour market can fill workers. However, these half-year figures provide a promising basis for further growth. The company plans to continue building a stable, secure and energetic long-term business over the next six months.
Holland Casino paid 51.7 million euros of their tax debt on 30 June 2022 as a result of corona. The tax deferral allowed until March 2022 totals €313.4 million.
Ruud Bergervoet, Chief Financial Officer of Holland Casino: "We are making profit again and have a good financial position. The deferred tax will be repaid in 60 equal instalments as of October. We are also examining whether it is possible and responsible to repay it earlier without jeopardising the company's future financial recovery. This would require maintaining a normal level of investment without raising funds.
According to the NOW agreement, EUR 24.4 million must be repaid by 2022.
Tax deferral is now repaid
Malinda Miener, Chief Compliance Officer of Holland Casino, joined the board earlier this year. Following her appointment, the casino has implemented important structural improvements in consultation with regulators. Holland Casino places a high value on security and accountability in all its games; however, they believe that these values are now even more strongly upheld with Ms. Miener's appointment. Holland Casino hopes that other licensees will follow their example and regularly report progress on compliance and prevention in their semi-annual reports.
It is difficult to compare the figures of the first half of 2022 with previous years. This is because Holland Casino was closed for over 10 months due to corona restrictions. In the months that it reopened, it still faced severe restrictions. The first half of 2022 showed an upward trend in prevention interviews and other preventive measures. This trend runs parallel to a recovery of visitors, indicating a positive outlook for the casino.
