Tag Archives: finland

Finland’s sector is reportedly set for a major regulatory and market shakeup, regarding the divestment of the Veikkaus monopoly. In a move many feel was overdue, Finland’s Minister of Europe and Ownership Management, Tytti Tuppurainen, was recently quoted as saying that the government was supporting a transition to a multi-licence system, something that opposition politicians are also receptive to.  To …

The Finnish government is reportedly onboard for a dramatic shakeup of the country’s licensing system, which may result in the end of the gambling monopoly held by Veikkaus. Speaking to the MTV Uutisten news agency Tytti Tuppurainen, the country’s Minister of Europe and Ownership Management and a member of the governing Social Democratic Party (SDP), said that the government is …

The European Casino Association (ECA) has elected Tiina Siltanen to serve as Vice Chair of the trade association representing over 900 land-based casinos operating in 28 European markets.  The appointment was announced at the recent ECA board meeting held in Finland in conjunction with the first anniversary of the Veikkaus Casino Tampere – a venue that Siltanen oversees in her …

Veikkaus OY, Finland’s state-owned gambling monopoly, has restricted use of slot machines across its Finnish retail points and its network of partner kiosks, service stations and cafes.  From 1 September, Veikkaus will no longer allow customers to play on its slot machine terminals between the hours of 9pm and 9am. During that period, betting point managers have been instructed to …

Raketech Plc has reported ‘solid results’ as its affiliate network continues to grow despite facing challenging conditions across Western European markets. Publishing its Interim H1 trading statement, the firm posted year-to-date revenues of €24m, up 40% on corresponding 2021 results of €17m. Headline growth was maintained, despite Raketech registering a tougher than anticipated Q2 performance in which its affiliate network …

The Finnish gambling and lottery state monopoly Veikkaus Oy has called on lawmakers to delay the introduction of mandatory identification checks of coupon games, including lotteries. Veikkaus started to upgrade its sales terminals ahead of the introduction of Finland’s new Lotteries Act, which came into force on January 1, 2022, though some points in the law were granted a transitional period and can be …

Betsson AB has published its fourth-quarter update and FY2021 snapshot report, citing a tough closing to Q4 trading, with the Stockholm online gambling group still managing to deliver on its financial and corporate objectives.  The group praised its diversified business model and a geographical make-up that helped ease trading difficulties within mature markets. Headline Q4 metrics saw Betsson register group …

Veikkaus OY, Finland’s state-sanctioned gambling monopoly, has confirmed that it will reduce its workforce capacity by approximately 200 employees.  The headcount reduction has been approved by corporate governance, continuing to streamline the Veikkaus operations as a result of new government demands placed on the monopoly. This week, Veikkaus began consultations with 800 staff members with regards to undertaking redundancies, restructuring …

Veikkaus, Finland’s state-owned gambling monopoly has published its full-year 2020 results,  disclosing total corporate profits of €680.2m, down 33 % from the previous year. Veikkaus cited that the decrease was primarily due to the disruption caused by the COVID-19 pandemic as slot machines were closed entirely or in part for a total of around five months. Lottery tax was €151.4m, …