{"id":8325,"date":"2024-12-06T06:50:59","date_gmt":"2024-12-06T06:50:59","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2024\/12\/06\/jvh-gaming-to-close-25-locations-during-rising-costs-and-tax-hikes\/"},"modified":"2024-12-06T06:50:59","modified_gmt":"2024-12-06T06:50:59","slug":"jvh-gaming-to-close-25-locations-during-rising-costs-and-tax-hikes","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2024\/12\/06\/jvh-gaming-to-close-25-locations-during-rising-costs-and-tax-hikes\/","title":{"rendered":"JVH Gaming to Close 25 Locations During Rising Costs and Tax Hikes"},"content":{"rendered":"<div>\n<p>JVH Gaming, known for operating <a href=\"https:\/\/igaming.org\/casino-news\/jacks-casino-sports-first-to-partner-with-gamban-in-the-netherlands\/\">Jack\u2019s Casino<\/a> and various fruit machine arcades, has unveiled plans to close 25 locations. The decision includes discontinuing the Flamingo Casino brand entirely while also reducing staff at its headquarters.<\/p>\n<h2><strong>Rising Costs and Tax Burden Drive Decision<\/strong><\/h2>\n<p>The closures, which will mainly impact Flash Casino-branded arcades, come as the company grapples with increasing operational costs and a steep rise in gambling taxes. The Dutch government raised the gambling tax rate by one percentage point this year, with further hikes set to follow. By 2025, the rate will increase from 30.5% to 34.2%, eventually reaching 37.8% in 2026. These changes aim to bring an additional \u20ac200 million annually to the treasury.<\/p>\n<p>Erik Olders, CEO of JVH Gaming, expressed his concerns about the tax increases. He described them as a \u201cbitter pill\u201d that forced the company to make difficult adjustments. \u201cThis move was necessary to \u2018deal with the pain,&#8217;\u201d Olders stated. He also highlighted rising expenses related to wages, rent, and energy, as well as the lingering impact of the COVID-19 pandemic.<\/p>\n<p>JVH Gaming currently operates 87 arcades across the Netherlands under brands like Jack\u2019s Casino, Flash Casino, and Flamingo Casino. Despite recording \u20ac184 million ($193.68 million) in sales last year after taxes, the company is feeling the financial strain.<\/p>\n<p>This decision reflects broader challenges in the Dutch gambling industry. Earlier this year, the Janshen-Hahnraths Group, which operates Fair Play Casino, announced plans to cut 100 jobs after consecutive years of losses. Similarly, Holland Casino Group, the state-owned operator, disclosed in October that it would close its Zandvoort branch\u2014the oldest casino in the Netherlands\u2014by next year.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"Katsubet\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Katsubet.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Katsubet\" target=\"_blank\" rel=\"nofollow\">Katsubet<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>5BTC or 111% + 111 Free Spins!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive 111% Welcome Bonus  + 111 Free Spins<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>The Dutch gambling sector faces mounting financial pressure, driven by escalating taxes and operational costs. JVH Gaming\u2019s strategic response, though difficult, underscores the challenges many operators must confront in this evolving landscape.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/jvh-gaming-to-close-25-locations-during-rising-costs-and-tax-hikes\/\">JVH Gaming to Close 25 Locations During Rising Costs and Tax Hikes<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>JVH Gaming, known for operating Jack\u2019s Casino and various fruit machine arcades, has unveiled plans to close 25 locations. The decision includes discontinuing the Flamingo Casino brand entirely while also reducing staff at its headquarters. Rising Costs and Tax Burden Drive Decision The closures, which will mainly impact Flash Casino-branded arcades, come as the company [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-8325","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/8325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=8325"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/8325\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=8325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=8325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=8325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}