For 2015, the land-based casinos of the Netherlands continued to see growth with gaming regulators reporting gains for the year. On Friday, Kansspelautoriteit reported that the Holland Casino monopoly was able to generate nice revenues via table gaming and slot machines. Table games were up 8% to €244m in earnings while slot gaming revenues were up 13% from the previous year, with €294m in earnings.
Currently, Holland Casino has 14 gaming venues in operation. Within these gaming facilities, there are close to 4,500 slot machines and 370 gaming tables. The venues have been successful due to location. Over 90% of the population is located within an hour of a Holland Casino venue while 20% are under a fifteen minute drive.
On top of the quality gains for 2015, Holland Casino is also looking to open a new venue in 2017. The new gaming facility will be located in Amsterdam West and will be near the Sloterdijk railway station. The venue will be one area of Ven, an entertainment complex. Alongside the gaming venue will be bars, restaurants and a hotel, among other businesses.
Due to the growth from 2015, Holland Casino has been afforded the opportunity for privatization. In 2012, the government first announced plans to privatize the gaming venues but plans were not able to come to fruition due to annual losses each year. By 2014, the company was finally able to turn a profit and the government continued to push for privatization.
Reportedly, within the past two weeks, the Dutch government has hired ING, a financial services corporation, to help search for a casino buyer. It is believed that the government could earn €650m to more than €1b if Holland Casino were to be privatized.