Tag Archives: finland

Veikkaus has called on Finland’s government to bring forward the implementation date for new measures regarding compulsory authentication across gaming arcades. Currently, mandatory ID checks are to commence at the beginning of 2023, but the Finnish gambling monopoly is urging an amendment to the Lottery Act to bring the rulings into force next year. The firm has also documented its own …

Political debate on how to reform Veikkaus continues, as Finland’s Consumer Ombudsman urges the government to overhaul the gambling monopoly’s operational procedures and governance structures. Speaking to media, Krisi Leivo, Director General of Finland’s KKV Consumer Authority, stated that Veikkaus profits should be directly controlled by the state. Leivo believes that Veikkaus would be a more beneficial state asset if the monopoly …

Leading Åland Island-based operator Paf, Chief Executive Christer Fahlstedt has implemented betting’s most transparent social responsibility mandate questioning standard practices that have governed incumbents operations to date.  Paf’s leadership directive hit news headlines home and abroad, however, Fahlstedt tells SBC that facing the industry’s most urgent agenda, his executive team has simply accepted its responsibility challenge head-on… ______________ SBC: Christer thanks …

Continuing its executive team restructure, Finnish gambling monopoly Veikkaus has confirmed the inbound appointment of Regina Sippel as new Chief Financial Officer (CFO). A fresh industry executive, Sippel joins Veikkaus leadership team from LSE listed UK travel group Thomas Cook, where she served as CFO of the travel operator’s Northern Europe division. Sippel will be tasked with leading the financial …

Finland’s under pressure gambling monopoly Veikkaus will re-establish an independent ethics council to make sure that it fulfils its social responsibility mandate across all operating verticals. The ethics council confirmation came after the state-owned operator introduced a raft of new gambling protection measures this week, including significantly reducing the number of slots across its leisure portfolio. Furthermore, adhering to new legislative …

Finland’s Police and Transport and Communications Agency Traficom have confirmed that they are going to work alongside one another to strengthen initiatives which monitor and prevent illegal gambling advertisements on television and radio. As it stands, only Finland’s state-owned Veikkaus is permitted to run and market gambling of any kind across the country, with any other marketing operations pertaining to …

Stockholm-listed industry affiliate marketing network Raketech Group Plc has moved to expand its presence within Finland, acquiring legacy sports listings portal – Tvmatsit.com. Updating investors, Raketech confirms that it has secured an x5.2 EBITDA transaction, valuing TVmatsit.com at a purchase price amount of €1.6 million. In addition, Raketech will enhance its acquisition offer, with a further €300,000 in incentives to …