The Netherlands’Holland Casino group recorded a record loss of €22.3 million in 2013.
The state-owned operator of 14 casinos attributed the loss to one-off costs of €28.5 million, most of it, almost €18 million related to the struggling company’s ongoing reorganization. The group also lost €10.6 million on investments.
Revenues fell from €400 million in 2012 to €373 million “due to the poor economic climate, low consumer confidence and the growth of illegal gambling via the internet,” the company said.
Holland Casino operates as a government monopoly but is slated for privatization, a move that workers have staged several strikes to protest.
