Holland Casino has had a tough six months. From the first six months of 2020, the company was completely closed for more than three and a half months due to the outbreak of the corona virus and the associated measures. A turnover of 146.3 million euros was generated compared to 353.8 million euros in the first half of 2019 (-58.7%). The net result after VPB amounts to -28.3 million euros, compared to 32.5 million euros in the plus in 2019. This negative result was realized after settlement of the NOW funds received.
Holland Casino was completely closed from March 13 to July 1. The year went well until the closing. Turnover up to and including 12 March was 7% higher than in the same period in 2019. Both the number of visits (+ 3.9%) and the average spend per visit (+ 3.1%) showed an upward trend again.
Completely closed
CEO Erwin van Lambaart: “Corona has hit our company hard. From one day to the next we had to close our doors and our nearly 4,000 employees suddenly found themselves at home. As a result, we could no longer perform our important social function. No legal casino offering was available in the Netherlands for almost four months. Due to the closure, our turnover, about 60 million euros per month, was completely lost. ”
CFO Ruud Bergervoet adds: “Fortunately, over the past six months, we had sufficient liquidity to get through this difficult period of closure. Thanks to the constructive regulations of the government – in which we only used the NOW – but also stringent measures of cost control and tight operational management, we managed to get through these months and ensure the continuity of the company. The shareholder was also prepared at an early stage not to receive the dividend for 2019 for the time being, which gave us financial scope. “
