Reports
NETHERLANDS
Preparations for the relocation ofHolland Casino Zandvoort to Haarlemand Schipol Airport casino’s
move to Amsterdam
Zuidoost andHolland CasinoUtrecht’s move to new
premises inUtrecht
have been put on hold for the time being.
However as this limits the number of sources liable to VAT the opportunity to offset VAT paid on purchases has been largely lost.
The year 2008 saw a period of change all of which have affected Holland Casino. The rejection of the legislation to permit online gaming, the introduction of the smoking ban, the amendments to the gaming tax and the economic crisis have all had a negative impact.
HOLLANDCASINO-CONTRIBUTIONPERCASINOIN2008 CASINO
NUMBEROF
AMSTERDAM BREDA
EINDHOVEN ENSCHEDE GRONINGEN LEEUWARDEN NIJMEGEN
ROTTERDAM
SCHEVENINGEN SCHIPOL UTRECHT
VALKENBURG VENLO
ZANDVOORT TOTAL
TABLEGAMES 89 47 27 49 24 19 30 52 49 3
56 31 28 15
519
NUMBEROF SLOTS
714
660 447 526 444 347 522 808 676 88
766 500 563 324
7,385
GROSSREVENUE PERCASINO(2007)
€ € € € € € € € € € € € € € €
109.3m 72.6m 42.2m 35.1m 33.9m 15.2m 47.8
101.8m 78.9m 6.5m
78.8m 56.5
41.9m 33.2m
756.7m
In 2008 the gross turnover reached €700.1m a drop of 7.5 per cent on the previous year whilst year end profits also saw a drop from €85.6m to just €14.3m and all of the above coincided with the year that the company planned to review its strategy and management system which saw around 200 people made redundant.
VISITORSPER CASINO(2008)
941,000 613,000 415,000 363,000 308,000 182,000 449,000 869,000 805,000 146,000 615,000 531,000 385,000 295,000 6,917,000
In addition, 2008 saw the Act on the Prevention of Money Laundering and Terrorist Financing come into effect, which means a more stringent guest screening policy.
For the future, Holland Casino’s concerns involve the smoking ban which may cause some gamblers to turn to online gaming whilst its monopoly on table games may be lost.
Preparations for the relocation of Holland Casino Zandvoort to Haarlem and Schipol Airport casino’s move to Amsterdam Zuidoost and Holland Casino Utrecht’s move to new premises in Utrecht have been put on hold for the time being.
Meanwhile, further job losses could be in store as the recession continues and the company did not expect its profits to recover to the 2007 level, by the end of 2009.
Press Officer Mark Woldberg said: “As with most companies in the leisure business we suffer from the economic climate and other factors such as the smoking ban and tax amendment.
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92