Holland Casino Posts Turnover Growth as Visitor Numbers Rise in H1

Dutch state-owned casino operator Holland Casino has posted turnover growth of 15% in the first half of 2023, as visitor numbers rose sharply following the easing of COVID-19 restrictions.

The operator reported a turnover of €405.3m in H1, up from €353.4m in the same period last year. Visitor numbers also increased significantly, from 1.8m in H1 2022 to 2.5m in H1 2023.

While visitor numbers are still below pre-pandemic levels, the strong recovery in H1 is a positive sign for Holland Casino. The operator is also optimistic about the outlook for the second half of the year, as the Dutch economy continues to recover and COVID-19 restrictions remain lifted.

Land-Based Business Drives Recovery

According to Focus Gaming News, The recovery in Holland Casino’s business was driven primarily by its land-based operations. Turnover in the land-based business increased by 17% to €348.1m in H1, while visitor numbers rose by 39% to 2.3m.

The operator’s online business, on the other hand, saw a decline in revenue. Online turnover fell by 30.8% to €57.2m in H1, due to increased competition from other online gambling operators in the Netherlands.

Social Choices Impact Online Business

Holland Casino also attributed the decline in its online business to certain “social choices” made by the company. These included its decision to voluntarily halt various advertising in anticipation of new laws that came into effect in July.

The new laws restrict advertising of gambling products in the Netherlands, and Holland Casino said that it wanted to be ahead of the curve in complying with the new regulations.

Operator Optimistic About Outlook

Despite the decline in its online business, Holland Casino is optimistic about the outlook for the second half of the year. The operator is expecting to see continued growth in its land-based business, and it is also hoping to recover some of the lost ground in its online business.

Holland Casino CEO Erwin van Lambaart said that the operator is “satisfied” with its performance in H1 and that it is “confident” about the outlook for the second half of the year.

“We are pleased to report turnover growth in H1, driven by a strong recovery in our land-based business,” said Van Lambaart. “Visitor numbers are still below pre-pandemic levels, but we are confident that they will continue to grow in the second half of the year.”

“Our online business saw a decline in revenue in H1, due to increased competition and certain social choices we made. However, we are optimistic that we can recover some of the lost ground in the second half of the year.”

Holland Casino’s H1 Performance in Context

Holland Casino’s H1 performance is in line with the broader trends in the Dutch gambling market. The Dutch gambling market is recovering strongly from the pandemic, with land-based gambling seeing particularly strong growth.

However, the online gambling market is facing increased competition, as more and more operators enter the market. This is putting pressure on margins and revenues for online gambling operators.

Despite the challenges, Holland Casino is well-positioned to benefit from the recovery in the Dutch gambling market. The operator has a strong brand and a loyal customer base. It is also well-capitalized and has a strong track record of profitability.

Holland Casino’s H1 Performance in Detail

Here is a more detailed look at Holland Casino’s H1 performance:

• Turnover: €405.3m, up 15% year-on-year
• Land-based turnover: €348.1m, up 17% year-on-year
• Online turnover: €57.2m, down 30.8% year-on-year
• Visitor numbers: 2.5m, up 39% year-on-year
• Land-based visitor numbers: 2.3m, up 39% year-on-year
• Online visitor numbers: 0.2m, down 12% year-on-year

Conclusion

Holland Casino’s H1 performance is a positive sign for the Dutch state-owned casino operator. The company’s land-based business is recovering strongly from the pandemic, and it is optimistic about the outlook for the second half of the year.

Dutch state-owned casino operator Holland Casino has posted turnover growth of 15% in the first half of 2023, as visitor numbers rose sharply following the easing of COVID-19 restrictions.

The operator reported a turnover of €405.3m in H1, up from €353.4m in the same period last year. Visitor numbers also increased significantly, from 1.8m in H1 2022 to 2.5m in H1 2023.

While visitor numbers are still below pre-pandemic levels, the strong recovery in H1 is a positive sign for Holland Casino. The operator is also optimistic about the outlook for the second half of the year, as the Dutch economy continues to recover and COVID-19 restrictions remain lifted.

Land-Based Business Drives Recovery

According to Focus Gaming News, The recovery in Holland Casino’s business was driven primarily by its land-based operations. Turnover in the land-based business increased by 17% to €348.1m in H1, while visitor numbers rose by 39% to 2.3m.

The operator’s online business, on the other hand, saw a decline in revenue. Online turnover fell by 30.8% to €57.2m in H1, due to increased competition from other online gambling operators in the Netherlands.

Social Choices Impact Online Business

Holland Casino also attributed the decline in its online business to certain “social choices” made by the company. These included its decision to voluntarily halt various advertising in anticipation of new laws that came into effect in July.

The new laws restrict advertising of gambling products in the Netherlands, and Holland Casino said that it wanted to be ahead of the curve in complying with the new regulations.

Operator Optimistic About Outlook

Despite the decline in its online business, Holland Casino is optimistic about the outlook for the second half of the year. The operator is expecting to see continued growth in its land-based business, and it is also hoping to recover some of the lost ground in its online business.

Holland Casino CEO Erwin van Lambaart said that the operator is “satisfied” with its performance in H1 and that it is “confident” about the outlook for the second half of the year.

“We are pleased to report turnover growth in H1, driven by a strong recovery in our land-based business,” said Van Lambaart. “Visitor numbers are still below pre-pandemic levels, but we are confident that they will continue to grow in the second half of the year.”

“Our online business saw a decline in revenue in H1, due to increased competition and certain social choices we made. However, we are optimistic that we can recover some of the lost ground in the second half of the year.”

Holland Casino’s H1 Performance in Context

Holland Casino’s H1 performance is in line with the broader trends in the Dutch gambling market. The Dutch gambling market is recovering strongly from the pandemic, with land-based gambling seeing particularly strong growth.

However, the online gambling market is facing increased competition, as more and more operators enter the market. This is putting pressure on margins and revenues for online gambling operators.

Despite the challenges, Holland Casino is well-positioned to benefit from the recovery in the Dutch gambling market. The operator has a strong brand and a loyal customer base. It is also well-capitalized and has a strong track record of profitability.

Holland Casino’s H1 Performance in Detail

Here is a more detailed look at Holland Casino’s H1 performance:

• Turnover: €405.3m, up 15% year-on-year
• Land-based turnover: €348.1m, up 17% year-on-year
• Online turnover: €57.2m, down 30.8% year-on-year
• Visitor numbers: 2.5m, up 39% year-on-year
• Land-based visitor numbers: 2.3m, up 39% year-on-year
• Online visitor numbers: 0.2m, down 12% year-on-year

Conclusion

Holland Casino’s H1 performance is a positive sign for the Dutch state-owned casino operator. The company’s land-based business is recovering strongly from the pandemic, and it is optimistic about the outlook for the second half of the year.

Categories: News
Source: thpttranhungdao.edu.vn/en/