Holland Casino has posted a positive result of €14.2m in the first half of 2025, a clear improvement compared to the loss of €3.5m in the same period last year, but made possible due to a series of cost-cutting measures that the company has implemented since the beginning of this year.
Total revenue decreased slightly to €390.9m. Turnover in the branches grew slightly, while online turnover declined.
The number of visits to the branches increased slightly from 2,565,472 to 2,582,498. Guests also spent slightly more per visit on average. The introduction of the legal limits as of 1 October 2024 in particular affected online sales. Holland Casino managed to reduce operating costs by €30.1m. This is the result of targeted savings through, among other things, a restructuring at the head office.
The liquidity position has also improved, partly due to a six-month payment stop of the corona debt and an extension of the repayment by two years.
Holland Casino also had one-off financial windfalls from the sale of land from the former casino in Groningen (€2.7m) and the branch in Zandvoort (€8.7m). This has resulted in €6.6m higher profit. These one-off revenues have been excluded from the structural reduction in operating costs.
CFO Ruud Bergervoet said: “We have asked a lot of our employees, but the result is worth it. I am especially proud that our guests continue to visit and appreciate us. But we can’t count ourselves rich. The financial pressure remains as high as ever, especially in view of the planned second increase in gambling tax in 2026. If the percentage of gambling tax had already been at 37.8 percent, we would have closed the first half of the year with a profit of €1.1m, or €5.5m loss if we did not have the one-off proceeds from sales. That shows how vulnerable we are, despite all the efforts so far.”
Since this year, the gambling tax has been increased from 30.5 to 34.2 per cent. This increase will result in an additional cost of €13.5m for Holland Casino in the first six months.
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Holland Casino has posted a positive result of €14.2m in the first half of 2025, a clear improvement compared to the loss of €3.5m in the same period last year, but made possible due to a series of cost-cutting measures that the company has implemented since the beginning of this year. Total revenue decreased slightly…
The post Holland Casino’s cost-cutting, including the sale of two casinos, helps counteract higher taxation appeared first on G3 Newswire.