Fair Play Casino Faces Uncertain Future

Financial Crisis at Fair Play Casinos: What’s Next?

The Janshen-Hahnraths Group, owner of Fair Play Casinos, is facing severe financial difficulties and is trying to avoid bankruptcy through a WHOA restructuring. Rising gambling taxes and debts from the COVID-19 pandemic have put the company in a tough position.

From Growth to Uncertainty

Since 1983, Fair Play Casinos have been a well-known name in the Netherlands. The company became a major player in the gambling industry, but prolonged pandemic closures and increased taxation led to financial struggles.

A company spokesperson stated:
“We are a healthy company at our core, but COVID-related debt makes restructuring necessary.”

WHOA: Last Resort Against Bankruptcy

The Wet Homologatie Onderhands Akkoord (WHOA) allows companies to restructure debts without going bankrupt. Creditors are categorized based on priority and vote on an agreement. Once approved by a judge, the agreement becomes binding for all parties.

Belgium: A Similar System

Belgium has a comparable process through the Law on Business Continuity (WCO), which grants companies temporary protection from creditors while they develop a recovery plan.

The Next Few Months Are Crucial

The success of the restructuring will determine whether Fair Play Casinos can survive. If it fails, bankruptcy looms, with significant consequences for the Dutch gambling industry.