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Holland Casino: Online Gaming a Few Years Away

Holland Casino is one of the latest companies to announce its intention to develop an online gaming wing of its business, but has said such a move will happen in 2015 at the earliest.

Despite this, the company also said that it will aim for a launch of freeplay online poker later this year. While Holland Casino appears to be keen on creating a full online gaming business, it has given the date of 2015 as it believes that will be the time when the Government of the Netherlands will begin issuing online gaming licences.

The Dutch company, which owns 14 live casinos throughout the northern European country, had a slight decrease in the number of visitors to its establishments in 2012. The visitors it got also spent slightly less money at the casinos, with an average of €96 being spent in 2012 compared to €98 in 2011. This helped culminate in total losses of €652,000 for the company in 2012, according to Holland Casino’s annual financial report, which was released this week.

The company hopes to benefit from the recent increase in online poker popularity in the region. German gaming company Mybet recently announced that its 2013 first quarter revenues for its poker and casino services increased by 39 per cent. UK-listed company 888 also announced increased poker revenues of 15 per cent in the first quarter of this year, helping result in record revenues.

In October last year, the Dutch Government announced its intention to pass legislation permitting online gaming in the country. It is expected that Parliament will approve legislation before the end of the year, which will result in the Government approving online gaming licences from early-2015.

Holland Casino has wasted no time in getting the groundwork done in establishing an online gaming arena, however, releasing a tender document for an online gaming supplier last month. The selected supplier will provide – among other attributes – an online poker platform and network.

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