Holland Casino first half hits €51.9 million
Holland Casino expects its turnover to recover further in the first half of 2023. Turnover increased by 51.9 million euros compared to the same half of 2022 to 405.3 million euros and the result before corporate tax by 9 million euros to 17.2 million euros.
CEO Petra de Ruiter: “We are happy that guests are increasingly finding us again. At the same time, not all visitors have yet found their way back. Now that our operation is getting better and better and we have attracted many new employees, we can also offer our complete spectrum of games again.
We expect the recovery that has started to continue. We now have a good basis for this to work on new plans with positive energy. All our colleagues deserve a big compliment for that achievement.” We are happy that guests are increasingly finding us again. Petra de Ruiter (CEO) Return guests Holland Casino has noted a recovery in visitor numbers. In the first half of the year, around 2.5 million people visited Holland Casino, compared to around 1.8 million in 2022.
However, the company was still subject to corona restrictions until February 25. Over the past six months, guests spent slightly less on average per visit: 138 euros. That was still 148 euros in 2022. However, the average expenditure is still higher than before corona, when it was around 117 euros. At Holland Casino Online, revenues have fallen by a third (from 82.7 to 57.2 million euros) due to increased competition and social choices.
For example, in anticipation of legislation and regulations, Holland Casino has voluntarily stopped various forms of advertising and has also taken a cautious stance around various major sporting events. The company expects a slight recovery for online in the coming period now that advertising rules have been aligned for the entire sector. High cost Holland Casino’s results are strongly affected by significantly higher costs.
Like other companies, Holland Casino suffers from high energy prices and high inflation. In addition, personnel costs have increased considerably. Holland Casino sees the latter as positive. We have welcomed many new colleagues who we also desperately need. The tax debt arising from corona must also be repaid and deferred investments must be made, which places an additional burden on the company’s liquidity. CFO Ruud Bergervoet:
“I am satisfied with where we are as Holland Casino. Yet we cannot sit back and relax. There remain significant challenges for the near future. The cost increases will continue to depress our results in the coming years, while we will also have to pay off our corona tax debt. At the same time, we must also maintain our investments to remain relevant for our guests.
That is why we will have to continuously monitor the right balance between a healthy financial position and investments in the future.” We will have to continuously monitor the right balance between a healthy financial position and investments in the future Ruud Bergervoet (CFO) Prevention & Compliance The number of prevention conversations conducted increased both in the branches and at Holland Casino Online. Extra detection in the context of early detection of possible problems is responsible for this. What also contributes is that the AI model that Holland Casino uses is increasingly able to identify gaming trends and recognize risks. CCO Malinda Miener: “Holland Casino works every day to improve its prevention policy and we are increasingly investing in this. We are increasingly data-driven and work together with experts and science on increasingly better prevention and intervention systems. Although there are certainly still steps to be taken, the increasing number of conversations shows that we are on the right track.”