JVH Gaming & Entertainment, the company behind Jack’s Casino, Flash Casino, and Flamingo Casino, is going to close 23 of its 87 locations soon. The company attributes the measure to the upcoming increase in gambling tax.
“The upcoming increase in gambling tax will impact JVH Gaming heavily and structurally. The directors have had to conclude that almost 30 percent of the branches are not viable anymore,” the business stated.
JVH Gaming also said that they are impacted by rising costs, like higher interest rates, higher energy bills, the significant increase in the legal minimum wage, and the negative impact of higher inflation. “significantly increased regulatory pressure“ is also affecting the company.
