Holland Casino reports revenue increase in H1
The Dutch gambling monopoly Holland Casino has reported a 12% increase in revenue in H1 of 2019.
Netherlands.- Holland Casino has released its latest financial report, indicating a 12% increase in revenue in H1. An increase in the number of visitors helped the Dutch gambling monopoly register the positive financial results in H1.
The company registered that during the six month period it totalled €354 million in revenue. The figure is €38 million higher than what Holland Casino reported in revenues in the first six-month period of 2018.
Holland Casino attributes the increase in revenue to a rise in visitation numbers, which rose 9% year-on-year. This was mainly because Holland Casino reopened a number of facilities in Groningen and Amsterdam West-Sloterdijk.
CEO Erwin van Lambaart said that the upward trend also comes due to strategic choices made in their long-term strategy. “Through this we are future-proofing our company, and ensuring we are prepared for the challenging competitive conditions that we have faced and will face [in future].”
“By investing heavily in high-quality hospitality and guest experience, food and beverage and innovative gaming concepts, we remain in control of our own future,” he added. “Naturally, our Gambling Prevention Policy [responsible gaming policy] remains the foundation of our company.”
Income increase in 2018
The company experienced good financial results in 2018, despite a significant increase in spending on construction renovation. In 2018, the group opened two new casinos in Amsterdam and Groningen and upgraded other facilities as well.
The company revealed that income for full 2018 has increased by 2.7% to €656.5 million. These results come despite an increase in income and a slight decrease in the number of visitors. In 2018, Holland Casino received 5.7 million visitors, approximately 100k less than in 2017. Average spend, however, was €114 million, up from the €109 million registered a year before.
