Gambling monopoly in the Netherlands, the Holland Casino group, has been profitable for the first time in 7 years, which comes at the right time for the government's privatization of the company.
The Dutch government intends to sell the casino group, which consists of 14 land based casinos. A group of ten will be sold and keep the Holland brand. The remaining casinos will be sold off to private companies. The sales should be final by 2017.
While awaiting the legalization and licensing online gambling, the Holland Casino group signed a deal with Playtech plc in 2014. Dutch parliament is currently reviewing the legislation.
jade
9 years ago
I can understand a government reaping the licensing, taxing, etc benefits of land based as well as online gambling, but this is a first for me that a government owned the casinos as well. Now that is what sounds fishy to me. Now these Holland Brand casinos are joining up with Playtech. The whole situation seems rather suspect...
I can understand a government reaping the licensing, taxing, etc benefits of land based as well as online gambling, but this is a first for me that a government owned the casinos as well. Now that is what sounds fishy to me. Now these Holland Brand casinos are joining up with Playtech. The whole situation seems rather suspect to me. I use to think that the USA was living in the dark ages in reference to online gambling, but it looks to me (like my mamma use to say) that "something is rotten in Denmark," no pun intended.
Show morePlease enter your comment.
Your comment is added.
catapultaudio
9 years ago
Interesting, I never even knew there was a state monopoly on gambling in the Netherlands, but it certainly didn't surprise me to see Playtechs name cropping up in an article of this sort! Whilst I enjoy Playtech games, there business practices are certainly questionable at best and I find it amazing that the Dutch would...
Interesting, I never even knew there was a state monopoly on gambling in the Netherlands, but it certainly didn't surprise me to see Playtechs name cropping up in an article of this sort! Whilst I enjoy Playtech games, there business practices are certainly questionable at best and I find it amazing that the Dutch would view a monopoly on anything as acceptable, so I think it must be good news for them to be seeing some of these casinos passing into private ownership and the birth of competition in this area.
Show morePlease enter your comment.
Your comment is added.