The forced closure of all fourteen branches of Holland Casino pushed the company into the red in the first half of this year. The casino operator is also not happy for the rest of 2020, it announced on Thursday.
From Friday, March 13, all casinos had to be closed. The branches only reopened on 1 July. As a result, the gambling palaces were closed more than half the time in the first six months of this year.
Last year, the company achieved a turnover of 353.8 million euros in the first half of the year. In the first six months of this year, only 146.3 million of this remained, a decrease of almost 60 percent. The bottom line result was 28.3 million euros, while last year it was a profit of 32.5 million euros.
The year started well for Holland Casino. Until March 12, sales were 7 percent higher than in the same period last year. The number of visitors and the amount spent per visitor were also higher. The outbreak of COVID-19 then threw a spanner in the works.
The casinos are now open again, but the company has had to take measures to prevent infections among staff and guests. As a result, the casinos can only receive 30 percent of the normal amount of guests.
'Outlook for 2021 is extremely uncertain'
Partly because of this, the company is also not at all positive about the second half of the year. According to the board, there is still a lot of uncertainty for the rest of the year and the outlook for 2021 is "extremely uncertain".
The company is therefore currently looking at what measures it wants to take to "remain financially healthy and future-proof" and expects to have more clarity about this by the end of this year.
The loss is also bad news for the treasury. Holland Casino is a state-owned company and gives its profits to the government. So there was no profit in the first half year, it turned out on Thursday.