Operator News
The Netherlands – Holland Casino returns to profit but faces significant deferred tax payments
By William - 25 August 2022
Holland Casino closed the first six months of 2022 with a turnover of €353.4m, of which €82.8m was generated through Holland Casino Online, and EBITDA of €40m.
“Fortunately, our loyal guests have found Holland Casino again en masse,” commented Noël Leise, Director of Operations. “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 30 June, Holland Casino repaid €51.7m of tax debt accrued as a result of Covid-19. The permitted tax deferral up to and including March amounts to a total of €313.4m.
Ruud Bergervoet, Chief Financial Officer, explained: “We are making a profit again and are in good financial shape. The deferred tax will be repaid in a maximum of sixty instalments from October.
“We are also looking at whether it is possible and responsible to do this more quickly without jeopardising the further financial recovery of Holland Casino without losing sight of the normal investment level.”
The NOW repayment of a total of €24.4m will take place in the second half of 2022.
