Holland Casino swings to €28.3m loss due to Covid-19

Home » Holland Casino swings to €28.3m loss due to Covid-19

Holland Casino turnover for the first half of the year fell 58.7% €146.3m for the same period in 2020, after its 14 venues were closed for almost five months of closure due to the novel coronavirus (Covid-19) pandemic.

Prior to the closures, the Dutch state-owned operator said the business had been performing well, with turnover up 7% in the period up to and including 12 March. Both the number of visits and the average spend per visit were up, by 3.9% and 3.1% respectively, in this period.

However, these gains were wiped out by the shut-down, which stretched from 13 March until 1 July. The venues are currently operating in line with a number of additional safety regulations including a 1.5-meter social distancing requirement, and the number of guests allowed set at 30% of capacity.

Net loss after corporate income tax (VPB) amounted to €28.3m, compared to a €32.5m profit in 2019.

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