Tag Archives: finland

Betsson moves EU online services to Rizk Nordic after BML Finnish row

SBC News Betsson moves EU online services to Rizk Nordic after BML Finnish row

Betsson has moved its online gaming services for European customers to a new holding company under the name Rizk Nordic Limited. The brand holds a licence from and has been regulated by the Malta Gaming Authority (MGA) since November 2022. Rizk domain is replacing the previous licensee BML Group.  Betsson’s updated website now reads: “For customers residing in the European …

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Betsson’s BML Group dealt Finnish blow by NPB

Betsson

After marking another successful streak in its latest interim report, Betsson Group has been dealt a blow in Finland where its subsidiary BML Group appeared on the country’s blacklist of unlicensed operators.   In a new development, Finland’s National Police Board (NPB) placed the company next to a number of corporate entities banned from interacting with any banks, payment services and …

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Finland warned that gambling harms do not match gambling prevalence trends

finland/finnish parliament

Finland’s Institute of Health and Welfare (THL) has expressed detailed concerns about the increasing instances of gambling-related disorders, even as Finland experiences a decline in gambling participation. The observation was made by the Health Institute during its public survey to ascertain the prevalence of moderate and problem gambling risks among Finnish adults.  The Institute, responsible for monitoring records on disorders …

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Veikkaus unveils new live casino offering supported by Playtech

Finland’s Paf renews long-standing Kambi sportsbook partnership

Gambling tech provider Playtech has been selected as the exclusive live casino partner for Finland’s state-owned monopoly operator Veikkaus.  Playtech’s winning tender builds on the London Stock Exchange-listed company’s previous partnership with Veikkaus, spanning across online casino, online poker, retail VLT machines, as well as a casino management system, which now also includes live casino games.  The extension clause is …

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Magnus Linder, Better Collective: Taking big steps in diversification and expansion

SBC News Magnus Linder, Better Collective: Taking big steps in diversification and expansion

Magnus Linder, Director of Northwest Europe for Better Collective A/S, opens up on the latest developments for the company, including acquisitions, strategy and its vision to become a preferred partner and industry leader. ________________ SBC: Last summer you acquired four Swedish websites from the Everysport Group: SvenskaFans.com, Hockeysverige.se, FotbollDirekt.se and Innebandymagazinet.se. Circa six months on from that deal, what have …

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Finnish police enter prosecution stage in illegal gambling and AML case

SBC News Finnish police enter prosecution stage in illegal gambling and AML case

Finland’s Central Criminal Police have been conducting an extensive investigation into money laundering relating to a potential illegal gambling operation in the country. A preliminary investigation launched in 2022 estimated that between 2016 and 2022 several million euros were transacted via the illicit operation, which involved at least three individuals. All three are suspected of ‘aggravated money laundering’, with one …

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Veikkaus sets sights on post-2026 Finland market leadership

veikkaus

Finland’s state-owned gambling monopoly Veikkaus Oy has initiated several structural changes ahead of a planned legislative overhaul of the country’s gaming licencing system. Under plans by the Finnish Ministry of the Interior, the monopoly held by Veikkaus is set to end in 2026, being replaced by a ‘partial licence system’. Veikkaus will remain exclusive licensee for lottery and land-based gaming, …

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Finland’s Interior Ministry gets wheels in motion on gambling reform

finland/finnish parliament

The political process to overhaul Finland’s licensing system and end the current monopoly held by Veikkaus Oy is underway, according to the country’s Ministry of the Interior. To prepare for this transition, the Ministry has initiated a project to draw up ‘necessary legislative proposals’ for reform, particularly concerning the allocation of licences and the framework behind this. This will include …

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Veikkaus begins ‘transformation programme’ for monopoly closure 

veikkaus

Veikkaus, Finland’s gambling and lotteries monopoly, has initiated a ‘transformation programme’ to brace itself for a significant ‘system change’ in Finnish gambling. The company anticipates that proceedings will commence this fall. Earlier this year, the Finnish government confirmed its intention to terminate Veikkaus’ monopoly privileges by 2026. This move is part of a broader strategy to restructure Finland’s gambling market. …

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Gambling marketing under police spotlight at WRC Finland

Gambling marketing under police spotlight at WRC Finland

Finland’s National Police Board (NPB) is  monitoring the World Rally Championship (WRC) taking place in the country this week. The police believe that unclienced and overseas gambling operators may seek to leverage the high viewership and visibility of the event for marketing purposes.  Due to the exclusive licence system maintained in Finland, with a monopoly held by the Veikkaus Oy …

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