{"id":6689,"date":"2024-08-29T14:39:45","date_gmt":"2024-08-29T13:39:45","guid":{"rendered":"https:\/\/sbceurasia.com\/en\/?p=6689"},"modified":"2024-08-29T14:39:49","modified_gmt":"2024-08-29T13:39:49","slug":"holland-casino-criticizes-gambling-tax-hike-amid-first-half-loss","status":"publish","type":"post","link":"https:\/\/sbceurasia.com\/en\/2024\/08\/29\/holland-casino-criticizes-gambling-tax-hike-amid-first-half-loss\/","title":{"rendered":"Holland Casino Criticizes Gambling Tax Hike Amid First-Half Loss"},"content":{"rendered":"\n<p>A \u201cSharply rising costs\u201d&nbsp; has had a major impact on <strong>Holland Casino, <\/strong>which posted a loss of \u20ac3.5 million ($3.8 million) in the first half of 2024. This is a sharp turnaround from the previous year, when the company earned \u20ac17.2 million ($18.6 million) in the same period. The company also attributes its difficulties to a 1% increase in gambling tax since the start of the year, which it said cost \u20ac3.7 million (around $3.9 million).<\/p>\n\n\n\n<p><strong>Ruud Bergervoet<\/strong> CFO, commented: \u201cHolland Casino\u2019s finances are under severe pressure due to increased costs. This mainly concerns high inflation, the increase in the collective labor agreement and investments in our gaming offer and staffing.&nbsp;<\/p>\n\n\n\n<p>\u201cAs a company, we are also still working on paying off the corona debts. This makes our financial position vulnerable. It is crucial for our financial health that no further significant cost increases occur now. Only then can we prevent ourselves from ending up in a loss-making situation.\u201d<\/p>\n\n\n\n<p>The group also singled out high inflation as a reason for the worsening situation and noted that it had already factored in a significant decline in profitability.<\/p>\n\n\n\n<p><strong>Petra de Ruiter,<\/strong> CEO, criticized the tax increase, saying: \u201cOur total tax burden will then be almost 50%. This means that black figures are not possible. We will then make a significant loss. Unlike supermarkets, we cannot pass on price increases properly.&nbsp;<\/p>\n\n\n\n<p>\u201cThe only alternative is then that we take very undesirable measures such as aggressive campaigns to recruit new guests, encouraging people to spend much more or by significantly reducing the prize money. These measures are unacceptable for Holland Casino and irresponsible from the perspective of government policy on gambling. Moreover, the planned investments in our prevention policy will also come under pressure.\u201d<\/p>\n\n\n\n<p>Don&#8217;t forget to subscribe to our <a href=\"https:\/\/t.me\/sbceurasia\">Telegram channel!<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A \u201cSharply rising costs\u201d&nbsp; has had a major impact on Holland Casino, which posted a loss of \u20ac3.5 million ($3.8 million) in the first half of 2024. This is a sharp turnaround from the previous year, when the company earned \u20ac17.2 million ($18.6 million) in the same period. The company also attributes its difficulties to [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":6690,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[8,1],"tags":[9577,2752,9578,9576,9575,9579],"class_list":["post-6689","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino","category-news","tag-financial-losses","tag-gambling-tax","tag-holland-casino","tag-increased-costs","tag-petra-de-ruiter","tag-ruud-bergervoet"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Holland Casino Criticizes Gambling Tax Hike Amid First-Half Loss - SBC EURASIA EN<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sbceurasia.com\/en\/2024\/08\/29\/holland-casino-criticizes-gambling-tax-hike-amid-first-half-loss\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Holland Casino Criticizes Gambling Tax Hike Amid First-Half Loss - SBC EURASIA EN\" \/>\n<meta property=\"og:description\" content=\"A \u201cSharply rising costs\u201d&nbsp; has had a major impact on Holland Casino, which posted a loss of \u20ac3.5 million ($3.8 million) in the first half of 2024. 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The company also attributes its difficulties to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sbceurasia.com\/en\/2024\/08\/29\/holland-casino-criticizes-gambling-tax-hike-amid-first-half-loss\/\" \/>\n<meta property=\"og:site_name\" content=\"SBC EURASIA EN\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-29T13:39:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-29T13:39:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/resourcesen.sbceurasia.com\/sbccisen\/sites\/2\/2024\/08\/Holland-Casino.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"696\" \/>\n\t<meta property=\"og:image:height\" content=\"392\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Maria Khomeriki\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Maria Khomeriki\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/sbceurasia.com\/en\/2024\/08\/29\/holland-casino-criticizes-gambling-tax-hike-amid-first-half-loss\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/sbceurasia.com\/en\/2024\/08\/29\/holland-casino-criticizes-gambling-tax-hike-amid-first-half-loss\/\"},\"author\":{\"name\":\"Maria Khomeriki\",\"@id\":\"https:\/\/sbceurasia.com\/en\/#\/schema\/person\/f6f1bec1f527da78057fa0c8d3b56dd6\"},\"headline\":\"Holland Casino Criticizes Gambling Tax Hike Amid First-Half Loss\",\"datePublished\":\"2024-08-29T13:39:45+00:00\",\"dateModified\":\"2024-08-29T13:39:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/sbceurasia.com\/en\/2024\/08\/29\/holland-casino-criticizes-gambling-tax-hike-amid-first-half-loss\/\"},\"wordCount\":303,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/sbceurasia.com\/en\/2024\/08\/29\/holland-casino-criticizes-gambling-tax-hike-amid-first-half-loss\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/resourcesen.sbceurasia.com\/sbccisen\/sites\/2\/2024\/08\/Holland-Casino.jpg\",\"keywords\":[\"Financial Losses\",\"gambling tax\",\"Holland Casino\",\"Increased Costs\",\"Petra de Ruiter\",\"Ruud Bergervoet\"],\"articleSection\":[\"Casino\",\"News\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/sbceurasia.com\/en\/2024\/08\/29\/holland-casino-criticizes-gambling-tax-hike-amid-first-half-loss\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sbceurasia.com\/en\/2024\/08\/29\/holland-casino-criticizes-gambling-tax-hike-amid-first-half-loss\/\",\"url\":\"https:\/\/sbceurasia.com\/en\/2024\/08\/29\/holland-casino-criticizes-gambling-tax-hike-amid-first-half-loss\/\",\"name\":\"Holland Casino Criticizes Gambling Tax Hike Amid First-Half Loss - 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