Tag: Holland Casino
Holland Casino faces financial uncertainty
October 9, 2013
iGaming Business – Dutch gambling monopoly Holland Casino has been placed under direct supervision due to financial problems. According to Dutch newspaper Financieele Dagblad, the company’s debt currently stands at €60 million ($80.4 million) and could reach in excess of €100 million. The organisation is also set to cut a further 150 jobs and reduce staff perks. “The situation at Holland Casino requires vigorous action. Turnover has dropped by 30% over the past five years,” a Holland Casino spokesman said. Holland Casino operates 14 casinos across the Netherlands but has suffered in recent times due to lower visitor numbers and…