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||Dan Bilzerian Talks Nosebleed Poker With Howard Stern|
|2||Report: Phil Ivey Posts $1 Million Bail For Fellow High-Stakes Poker Player Paul Phua, Son Darren Phua|
|3||Atlantic City Casino Caesars Robbed Of $181,000|
|4||Poker Strategy -- Daniel Negreanu On Balance Versus Adaptability|
|5||2014 World Series of Poker ESPN TV Schedule|
|6||Atlantic City Struggling To Maintain Status As Top Poker Destination|
|7||Poker Strategy With Dusty Schmidt: Preflop Open Limping|
|8||During L.A. Traffic Jam, Drivers Get Out Of Their Cars And Play Poker|
|9||Online Poker: Viktor Blom Cuts 2014 Deficit In Half|
|10||Wynn Plans To Use 250K Live Oysters To Help Clean Up Contaminated River Alongside Proposed Casino Site|
|1||One Drop Winner Daniel Colman Didn't Talk To Media Because He Sees Poker 'As A Very Dark Game'|
|2||Pamela Anderson Divorces Rick Salomon Just Days After He Won $2.8 Million In 'Big One For One Drop'|
|3||Daniel Negreanu Had 87 Percent Of Himself In $1 Million One Drop Poker Tournament, Agent Says|
|4||Dozens Gamble On $1,000 Flips For World Series Of Poker Main Event Seat|
|5||Daniel Colman Wins $15.3 Million In 2014 World Series of Poker Big One For One Drop|
|6||It Appears Poker Legend Doyle Brunson Has Played His Last WSOP Main Event|
|7||High-Stakes Poker Player Paul Phua Arrested In Las Vegas For Allegedly Taking Bets On World Cup|
|8||Poker Pro Chad Brown Loses His Battle With Cancer|
|9||November Nine Set For World Series of Poker Main Event Final Table|
|10||With Top-Two Finish In One Drop, Daniel Negreanu Takes Lead On All-Time Tournament Money List|