Aug

22

Dutch slot arcades saved in £235m debt pay-off deal

≡ Category: Contracts, Legal, Netherlands, Profits | ≅ Leave a Comment

A slot-machine operator hit by new laws which TREBLED its tax bill has been bailed out by a private equity firm. JVH Gaming — the biggest gaming arcade operator in the Netherlands — ran up debts of £235 MILLION after the Dutch government increased gaming taxes from 11 per cent to 29 per cent. Budget [...]