Holland Casino fears slow start online gambling

Holland Casino expects to be able to request an online license at the earliest in early 2015 and then to bring its own online casino to the market. That is stated in the annual report of the state-owned company. The company has launched a tender for the development of online games and initially assumed 2014 as the starting point

Holland Casino expects to be able to request an online license at the earliest in early 2015 and then to bring its own online casino to the market. That is stated in the annual report of the state-owned company.

The company has launched a tender for the development of online games and initially assumed 2014 as the starting point. According to the state-owned company (pdf), however, the timetable is heavily dependent on the speed of political decision-making. There is a real risk of delays in the legislative process and thus an even longer delay in joining the online gaming market, while competition from illegal online providers is increasing.

Holland Casino will still be privatized within this cabinet period. The relevant government ministers take the position that the company should not be privatized as a monopolist. Sales and the introduction of market forces must go hand in hand according to the management. 'The speed of this process and the way in which the government wants to introduce market forces and privatize Holland Casino have a major impact on Holland Casino's strategy and its implementation.'

Holland Casino also says it needs room to develop other activities. Although it has a monopoly on table games, it also faces competition from slot machine providers. "Our decision is restrictive with regard to secondary activities."

Holland Casino recorded a loss of 0.7 million euros in 2012. The number of visits was nearly 2 percent lower at 5.6 million than in the previous year.