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Holland Casino Worried About Taxes

Dutch state companies are discussing a possibility of increasing the tax on online slots, which has some very concerned as to what this will mean for them. They already hold a monopoly on gambling in the Netherlands, but by adding a land casino tax Holland Casino could be looking at how much this might affect them.

The proposal calls for a dramatic increase in the amount of tax on the online slots, and Holland Casino is concerned what they might be looking at especially since they are currently facing a re-launch with Cryptologic software soon and this could impact that launch. Holland Casino is currently the only casino allowed to operate in the Netherlands, and if the tax goes through it could change their future dramatically.

The Dutch cabinet is talking about converting the 16% value added tax on slots into a gaming tax of 40.85%. Holland Casino says that this could determine whether or not they continue on as with a tax that high having the online slots may not be prosperous for them any longer.

Parliament has to approve the tax before it can be passed, but Holland Casino is already making their viewpoint known. They expressed publicly the fact that they may not be able to stay in business with a tax that high. They are hoping that Parliament will see that the amount is just too much for them to be expected to pay.

As they are currently being upgraded with a deal that they have with Cryptologic they are assuredly worried that the time and money being spent on the new casino may not be worth it if they end up not being able to offer their online slots selections to their customers. With the tax, the online casino site will presumably have to close down.

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