Netherlands To Privatize Casinos Amid Highly Controversial Austerity Push In Europe
Online Gaming To Be Regulated As Well In Country Of 16.7 Million
“Providing gambling services is not one of the government’s core tasks and therefore Holland Casino will be sold,” the government said in its coalition agreement forged in late October.
Holland Casino, officially the “National Foundation for the Exploitation of Casino Games in the Netherlands,” currently sends its profits to the Dutch treasury. According to Wednesday reporting from Reuters, gambling revenues have been declining at the state-owned casinos.
Online casino games will also be legalized and regulated under the plan, in an effort to “reduce the proliferation of illegal gambling,” the government said. Talks of opening up the country to foreign online gambling firms have been ongoing for awhile now.
The Netherlands is in a financial “crisis,” the government said, and it wants to solve its problems through a framework that “causes minimum hindrance” to business.
However, the overall economic plan, dubbed “Building Bridges” despite $20.7 billion in cuts, will come at a high cost and could be painful for most.
The Wall Street Journal reported in late October:
“The measures included big spending cuts in social security, raising the retirement age and scrapping subsidies in health care. In addition, the government targets overhauls in the housing, health care and labor markets. Proposed measures include a reduction of a tax deduction of interest on mortgages. Unemployment benefits will be cut, while health-care subsidies scrapped and insurance premiums linked to personal income.”
The Netherlands is part of the European community that has been pushing austerity measures, despite intense public backlash. Earlier this month, hundreds of thousands of protestors took to the streets all around the continent to oppose the ideology. The Netherlands had mild demonstrations when compared to others, the Associated Press reported.
Follow Brian Pempus on Twitter — @brianpempus
|1||Three Years Later, Blair Hinkle Finally Receives His Missing $1 Million In Full Tilt Poker Money|
|2||Man Loses $500K On Super Bowl, Sues Casino|
|3||Chris Moorman Wins The 2014 World Poker Tour L.A. Poker Classic|
|4||Poker Strategy With Ed Miller: Three Great Small Stakes Plays That Fail In Tougher Games|
|5||High-Stakes Online Poker: Dan Cates Wins $486,000|
|6||Chris Moorman Headlines WPT L.A. Poker Classic Main Event Final Table|
|7||New Jersey Online Poker Event Sees Huge Field|
|8||U.S. Lawmaker Wants To Ban Online Poker|
|9||Poker Hand Of The Week: 3/6/14|
|10||Resorts World Las Vegas Casino Project On Track|
|1||Chan Pelton Banned From All World Series of Poker Events and Properties After Taking Single Tournament Chip|
|2||Three Years Later, Blair Hinkle Finally Receives His Missing $1 Million In Full Tilt Poker Money|
|3||Man Loses $500K On Super Bowl, Sues Casino|
|4||High-Stakes Online Poker: Poor February Puts Blom Back In The Hole Lifetime On Full Tilt Poker|
|5||Chris Moorman Wins The 2014 World Poker Tour L.A. Poker Classic|
|6||Police Arrest Two For Allegedly Using Fake Poker Chips At Maryland Casino|
|7||Crazy Gambling Stories From February|
|8||George Lopez Arrested For Drinking Way Too Much And Passing Out On Casino Floor|
|9||Poker Strategy With Ed Miller: Three Great Small Stakes Plays That Fail In Tougher Games|
|10||NBC National Heads-Up Poker Championship Not Running In 2014|