Holland Casino the state-owned gaming group is under threat of going bankrupt after being put under direct supervision after piling up debts of over €60m and soon to hit €100m.
In a move to stave off bankruptcy the company have cut 150 jobs and taken away benefits for employees, Holland Casinos has a monopoly in the country with 14 casinos in operation.
The operators woes are put down to lower visitor numbers and lower spend per head of those still visiting the casinos. Also some observers in Europe place the blame on management of Holland Casinos to not adapt quicker to changing circumstances within the sector and customer needs.
Only in June CEO of Holland Casinos Dick Fink resigned because of poor results, the future of the state owned casinos are now in the balance.