Home > Finance > Half year results > Holland Casino makes €82.8m from online gambling in H1

Holland Casino makes €82.8m from online gambling in H1

| By Daniel O'Boyle
Holland Casino brought in €82.8m in revenue from online gaming during the first half of 2022, just short of a quarter of its overall revenue.
Holland Casino H1

In total, the business recorded €353.4m in revenue. This was more than the total recorded during the entirety of 2021, when the business brought in €304.2m, or 2020, when it brought in €333.1m. In both of those years, Holland Casino faced extended closures, as well as restrictions when its venues were allowed to open.

“Fortunately, our loyal guests have found Holland Casino again en masse,” said Noël Leise, director of operations for Holland Casino. “And our committed employees do everything they can to ensure that they have a great time at Holland Casino.”

The online gaming revenue figure of €82.8m therefore made up 23.4% of Holland Casino’s overall revenue.

Online gaming is a new vertical for Holland Casino, having only been legalised in the Netherlands in October of 2021. During the last three months of 2021, the operator made €40.4m from the vertical.

“We also see that our online guests continue to appreciate our offer despite the increasing competition,” Leise continued. “We therefore expect a positive year for Holland Casino. Of course, that still depends on the Covid-19 developments in the autumn and how quickly we can have enough employees in the tight labour market.

“But these half-year figures again form a promising basis. In the coming six months, we will continue to build a stable, responsible and future-proof company with renewed energy.”

The business reported earnings before interest, tax, depreciation and amortisation (EBITDA) of €40m. Its pre-tax profit, meanwhile, was €8.2m.

The operator also repaid €51.7m worth of taxes that had been deferred due to the impact of the pandemic during the half-year. In total, the business had €313.4m deferred. Chief financial officer Ruud Bergervoet said the operator was currently set up to pay off the remainder in 60 instalments, but it was exploring paths to pay it back more quickly.

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