Jack’s Casino parent company to close 23 of their 87 locations

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.

Almost half of the 40 Flash Casino locations will be closed. The brand Flamingo Casino, which was taken over by JVH in 2018, will disappear completely as a visible location.

It is unknown how many people will lose their jobs as a result of this. “We are still speaking with the relevant employees, and we would like to conduct personal conversations first before we make any announcements regarding this. This is why we unfortunately cannot provide any numbers as of yet,” said a spokesperson.

Around 1,250 people work for the company.