Dutch state-owned casino group Holland Casino posted a loss of €3.5 million [$3.9 million] in the first six months of this year and has warned that further losses are inevitable if the new government presses ahead with a massive increase in taxes on gambling.
The group, which runs 14 physical casinos nationwide, posted net profit of €17 million [$19 million] in the same period last year. But higher personnel and investments in improving the range of gambling options have eaten this away, the casino organisation said.
Holland Casino was set up over 45 years ago to offer a legal alternative to underground gambling operations and is the only company licenced to operate a physical casino.