Holland Casino privatization scrapped because stuff is hard

The Netherlands has scrapped plans to privatize the state-run Holland Casino monopoly, apparently so the government can focus on launching its new liberalized online gambling market.

Two years ago, the Dutch legislature’s lower house approved plans to privatize Holland Casino, the country’s only land-based operator allowed to offer live table games. Assuming the Senate agreed, the plan was to sell off 10 casinos in a package that would retain the Holland Casino brand, while the other four venues would be sold separately and two new licenses would be auctioned off.

But on Friday, Justice Minister Sander Dekker sent a letter to the Dutch senate announcing his intentions to withdraw the casino privatization bill. Dekker said there were factions within the senate that doubted the ability of the government to chew gum and walk at the same time, i.e. handle both the privatization of Holland Casino while simultaneously prepping for the launch of the new liberalized online gambling market.

The online legislation that was approved in February requires the Kansspelautoriteit gaming regulatory body and the government to craft regulations, screen license applicants for ‘cowboy’ histories, and certify all would-be licensees’ online products before the new market officially launches, which may not occur until January 2021.

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