VIE 26 DE ABRIL DE 2024 - 15:34hs.
Senate must decide now

Dutch Lower House okays Holland Casino privatization

Approved bill will allow privatize and split up state-owned Holland Casino. The bill, however, must still pass the Senate before it can be enacted. Holland Casino is currently the openly land-based casino operator in the Netherlands that is allowed to offer live table games, such as roulette, blackjack, and baccarat. Its sale might net the Dutch treasury as much as €1bn.

The bill proposes that Holland Casino’s fourteen individual branches will be split up: ten of these – as of yet, it is unclear which ones – will remain part of Holland Casino. Four will be sold separately, while an additional two land-based casino licenses will be newly created.


Amendments

Apart from the bill itself, four amendments to the bill passed as well:

#12: The bill and its consequences will be evaluated after five years, instead of the originally proposed seven.

#13: The private party who will acquire the ten branches – and accompanying licenses – of Holland Casino will be not allowed to acquire any of the other six licenses.

#14: During the transitional period when Holland Casino will be split up and sold, the District Court of The Hague will handle all preliminary relief procedures.

#32: Future licensees can be obligated to continue to employ all current employees.


By and large, the adoption of this bill is a significant victory for the liberalization of gambling in the Netherlands. However, the bill must still pass the Senate, which will almost certainly not happen before the Lower House elections of March 2017. It is thus not entirely unthinkable – depending on the next government – that further consideration of the bill will delayed or even indefinitely postponed.

 

Source: GMB / Gaming in Holland