Holland Casino loses it’s monopoly in the Netherlands
Date: 24-10-2016 | Posted in: News
Since it’s establishment in 1976 Holland Casino has been the only legal provider of gambling in the Netherlands. It has been state-owned for the past forty years. However, the Dutchgovernment has decided to reform the gambling market. Holland Casino will be sold and privatized. What are the consequences for the casino?
The changing gambling market
The Dutch government decided that the casino market will be open to other providers in 2017. Politicians no longer see it as a task of the state. In the past few years, Holland Casino has lost visitors and revenues because young people don’t visit the casino that often anymore. Thanks to the internet they gamble on their computer or mobile phone.
Loss of monopoly
The modernization of the casino market means that Holland Casino will not have a monopoly on gambling anymore. Well-known casinos abroad have already shown their interest in the Dutch gambling market. For example, it’s possible that the American company ‘Caesars’ will open a casino in the Netherlands.
Holland Casino sold
Holland Casino currently has fourteen branches in the Netherlands. Ten of these casinos will be sold together. Interested parties could buy the other branches if they want.