Annual report 2017: Holland Casino once again books solid result
Holland Casino maintained the upward trend of previous years in 2017. The company once again booked a solid result on the back of a clear focus on renewal and quality in the company’s core activities: gaming and hospitality. Holland Casino recorded a strong rise in pre-tax profit, which came in at EUR 98.0 million. This was partly due to a one-off insurance payment. For Holland Casino, the year 2017 was characterised by renewal and investments, among other things in renovations, slot machines and Food & Beverage. Strengthening the connection with employees was also high on the agenda last year.
Holland Casino’s gross income was up 5.2 percent at EUR 639.2 million. The increase in pre-tax profit to EUR 98.0 million was primarily due to higher income, as well as a one-off item (EUR 19.9 million) from the insurance payment related to the fire at Holland Casino Groningen. The underlying profit is sound and continues to show an upward trend. For more news, read our annual report below.
Annual report 2017:
Holland Casino recorded a solid result in 2016. Net profit was up by 4.7% at EUR 74.1 million in 2016, compared with EUR 70.8 million in 2015*.
Pre-tax profit came in at EUR 81.7 million, compared with EUR 70.8 million in 2015 (+15.4%). In 2016, Holland Casino welcomed more than 1.1 million unique visitors, which was 1% more than in 2015. Together they made 5.9 million visits to our casinos (+1.7%). And the average spend per guest amounted to EUR 103.0, which was 4% higher than in 2015.
Holland Casino CEO Erwin van Lambaart: “A solid result in 2016, but no reason for us to rest on our laurels. Substantial changes in the gaming market mean we have to be well prepared for the challenges we will face in the future. The annual results show that this is exactly what we are doing. But the future is about more than our financial position. Our annual report also shows that, above all, our people delivered a strong performance in terms of welcoming and responsible hospitality. By continuing to focus on reliability, plus safe and responsible gaming combined with product innovation, data analytics and cross-media marketing, our goal is to continue to set the standard for the casino gaming market in the Netherlands.”
The complete 2016 annual report in English can be read here.
Holland Casino had an excellent year in 2015. A year in which we continued to strengthen our financial foundations. The positive effects of the strategic changes we initiated in 2013 became even clearer in 2015. Profit increased to EUR 67 million in 2015, from EUR 12 million in 2014. Revenue came in 10.6% higher at EUR 576 million. In 2015, our casinos welcomed 5.8 million guests, an increase of 6.7% compared with 2014.
Both Table games (+ 9.1%) and Slot machines (+ 13.7%) recorded strong revenue growth. And both traditional and more innovative games performed well. Personal attention for our guests, the power of entrepreneurship and an efficient organisational structure not only helped us to record improved financial results; guest satisfaction also improved to 7.8 and absenteeism fell to a historic low of 3.8%.
You can read the complete 2015 annual report here: