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Holland Casino generates €353.4m for H1 2022, repays tax debt

Holland Casino has taken €353.4m ($351.9m) in revenue for H1 2022, of which €82.8m came from Holland Casino Online.

Furthermore, the operator's EBITDA was €40m, adding to the company's 2022 recovery post-pandemic. This is despite coronavirus restrictions still hampering the Netherlands in the early part of 2022.


Holland Casino’s financial recovery has allowed it to repay €51.7m of tax debt accrued throughout the global pandemic.


In its half-year report, the operator has also reaffirmed its stance on prevention and compliance, pledging to report on these anti-gambling harm measures every six months.


Holland Casino’s Director of Operations Noël Leise said: “Fortunately, our loyal guests have found Holland Casino again en masse. And our committed employees do everything they can to ensure that they have a great time at Holland Casino.


“We also see that our online guests continue to appreciate our offer despite the increasing competition. We, therefore, expect a positive year for Holland Casino. Of course, that still depends on the corona developments in the autumn and how quickly we can have enough employees in the tight labor market.


“But these half-year figures again form a promising basis. In the coming six months, we will continue to build a stable, responsible and future-proof company with renewed energy.”

On the operator’s partial repayment of its deferred tax amount, paid on 30 June 2022, Holland Casino’s CFO Ruud Bergervoet added: “We are making a profit again and are in good financial shape. The deferred tax will be repaid in a maximum of sixty installments from October.


“We are also looking at whether it is possible and responsible to do this more quickly without jeopardizing the further financial recovery of Holland Casino without losing sight of the normal investment level.”

Source: https://www.gamblinginsider.com/

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