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||More Details On Poker Pro Phil Ivey's Alleged Cheating While Playing Baccarat At The Borgata|
|2||Vicky Coren Mitchell Is The First Ever Two-Time European Poker Tour Main Event Winner|
|3||Nevada Removes Gambler From Casino 'Black Book'|
|4||Online Poker: Nikolaus Jedlicka Wins $916,000|
|5||Deutsche Bank Looking To Sell Las Vegas Casino|
|6||World Poker Tour Holds Championship Event This Year With Big Changes|
|7||Poker Hand of the Week: 4/17/14|
|8||Tiger Woods To Host Charity Poker Event|
|9||Eric Afriat Wins World Poker Tour Seminole Hard Rock Poker Showdown|
|10||George Clooney Calls Steve Wynn 'An Asshole' To His Face While Having Dinner At Wynn's Hotel|
|1||Atlantic City Casino Sues Phil Ivey For $9.6 Million, Says Poker Pro Cheated|
|2||More Details On Poker Pro Phil Ivey's Alleged Cheating While Playing Baccarat At The Borgata|
|3||Ed Miller: Four Bad Things Amateur Poker Players Say|
|4||Borgata To Pay Final 27 Impacted By Cheating Scandal In Poker Event $19,323 Apiece|
|5||Comedian George Wallace Awarded $1.3 Million In Case Against Las Vegas Casino|
|6||The Top Five Cities To Launch Your Poker Career: Part Two|
|7||'Technical Problems' Result In Massive $260,000 Overlay In Sunday Tournament On PokerStars|
|8||Phil Hellmuth Gives Poker Bracelet To NBA Owner|
|9||The Top Five Cities To Launch Your Poker Career: Part One|
|10||High-Stakes Online Poker: Viktor 'Isildur1' Blom Drops $1.4 Million This Week|