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Holland Casino Placed Under Supervision
Thursday October 3,2013 : HOLLAND CASINO PLACED UNDER SUPERVISION (Update)
Dutch gambling monopoly's debts headed towards Euro 100 million.
The Dutch state land gambling monopoly Holland Casino Group has been put under direct supervision because its finances are in such poor shape, the Financieele Dagblad reported Thursday.
DutchNews.nl expanded on the story, revealing that the monopoly is set to cut a further 150 jobs and reduce staff benefits and incentives in an attempt to get a grip on debts that total Euro 60 million at present, but look set to reach Euro 100 million.
The Financieele Dagblad says the company is in trouble due to falling visitor numbers and lower casino-spend by those that do visit its 14 casinos.
Turnover has dropped by 30 percent over the past five years, a spokesman revealed. Last year the company announced plans to restructure and cut 400 out of 3,000 jobs. Between 2008 and 2012 it also shed 800 jobs, the FD said.
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IS DAN BILZERIAN A POKER FISH? -
Dan Bilzerian, the high profile Instagram legend, jet setting playboy and allegedly deadly online poker player who claims he accrued a $50 million fortune playing the game,
AMAYA C.F.O. RETIRES -
Daniel Sebag, the Amaya online gambling group's first and only chief financial officer with ten years’ service under his belt, has retired, according to a company announcement Friday.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
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