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Holland Casino group posted its first profitable performance in seven years
Sunday March 8,2015 : BLACK INK FOR DUTCH STATE GAMBLING MONOPOLY AT LAST
First positive annual report in seven years.
The Holland Casino group, a state-owned gambling monopoly in the Netherlands, has posted its first profitable performance in seven years....good timing for the government's privatisation drive on the asset.
The publication Dutch News reports that the group posted a FY2014 profit of Euro 12 million, a massive improvement over the previous year, when it recorded a loss of Euro 22 million, the latest in a run of loss-making performances that lasted for seven consecutive years in all.
The improvement comes at a cost; in recent years the group has slashed headcount by almost 500 in restructuring moves to reduce costs.
The Dutch government plans to sell the casino group, which operates 14 land casinos. Ten are to be sold off in one lot which will retain the Holland brand, with the other four disposed of as individual casinos to private companies.
The sell-off should be completed by 2017, according to management estimates.
A company statement on the latest result claimed the enterprise is recovering after a year of extensive restructuring that has included moving away from the concept of a centralised management.
In anticipation of the government legalising and licensing online gambling (the latest official estimate in the much-delayed introduction of the new regulatory regime is mid-2016) the Holland Casino group inked an agreement with online gambling software provider Playtech plc last year
The legislation implementing the online gambling licensing system is currently bogged down in the Dutch parliament as politicians scrutinise and minutely question its content.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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