Tag Archives: Fintoto

Veikkaus ordered to reduce workforce headcount 

veikkaus

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 …

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Veikkaus seeks new wagering lead as Kauhanen departs to lead Finnish Hippos

SBC News Veikkaus seeks new wagering lead as Kauhanen departs to lead Finnish Hippos

Finland’s national gambling monopoly Veikkaus OY is looking for a new sports betting chief, after long-term Vice President of Wagering Sami Kauhanen departed the organisation to lead Finnish horseracing. This June, Suomen Hippos – Finland’s horseracing and stud breeding association – confirmed the appointment of Kauhanen as inbound President and CEO effective 1 September 2020. Hippos underlined Kauhanen’s credentials as the …

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Finnish ombudsman seeks to break-up Veikkaus control by state departments

veikkaus

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 …

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Veikkaus reforms ethics council in response to public pressure

Veikkaus Finland - Finnish monopoly

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 …

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Veikkaus ‘poor taste’ triggers debate on ‘Phase 2’ of Finnish gambling reforms

SBC News Veikkaus 'poor taste' triggers debate on ‘Phase 2’ of Finnish gambling reforms

Debate on reforming wholesale Finnish gambling laws has arisen, as state-owned monopoly Veikkaus suspends its advertising activity until the end of September, implementing a full scale review of its marketing strategy. Veikkaus’ latest marketing campaign, which depicts a ‘therapist character’, advising patients that ‘cravings for thrills and winnings are normal behaviour’, has been chastised for mocking Finnish mental health services, …

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Veikkaus Finland appoints SBTech to lead end-to-end sportsbook overhaul

SBC News Veikkaus Finland appoints SBTech to lead end-to-end sportsbook overhaul

Multi-channel sportsbook and systems provider SBTech has won the competitive tender to act as the lead online and retail sports betting systems provider for Veikkaus Finland. This morning, SBTech confirmed that it has won the hotly contested ‘public procurement process’ to service Finnish gambling monopoly Veikkaus, who in 2018 called for a wholesale systems upgrades improving the firm’s digital capacities …

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Digital challenge sees Veikkaus complete stage-1 of corporate transformation

Veikkaus Finland - Finnish monopoly

Veikkaus, Finland’s state-owned gambling operator has detailed the successful completion of the initial phase of its ongoing ‘transformation programme’. At the start of 2019, Veikkaus governance announced that it would undertake ‘significant operational restructure’ of its ‘restaurant gambling division’, having identified a number of ‘cost reduction areas’. Competing against a ‘trend of fierce online gambling competition’, Olli Saarikoski, President and …

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Veikkaus under fire for not fulfilling its responsibility mandates

Veikkaus Finland - Finnish monopoly

A report commissioned by Finland’s National Institute for Health & Welfare (THL) has warned state-monopoly Veikkaus and media stakeholders that gambling advertising is not in-line with the nation’s public health interests. Speaking to national broadcaster Yle.fi, THL senior researcher Jani Selin stated that Veikkaus advertising messages had failed to convey the public health risks attached to gambling. “The advertising slogans …

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Police contact ensures Kasino Curt goes up in smoke

SBC News Police contact ensures Kasino Curt goes up in smoke

Sami Helenius, a former National Hockey League (NHL) player, has walked away from Kasino Curt, his casino affiliate business, just weeks after announcing its launch. Targeting Swedish casino enthusiasts, Helenius was to run the site from his native Finland, however he has decided to quit after receiving police contact. In the Scandinavian nation gambling operations are run by Fintoto, Veikkaus …

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‘Fighting Finn’ launches casino affiliate website

poker - Copyright: studio3321 / 123RF Stock Photo

A former National Hockey League (NHL) enforcer has announced plans to launch a new casino affiliate website. Sami Helenius, formerly of Calgary Flames, Tampa Bay Lightning, Colorado Avalanche, Dallas Stars and Chicago Blackhawks, is to target Swedish casino enthusiasts with ‘Kasino Curt.’ Speaking about the aims of his new project, Helenius said:  “When it comes to online gambling, Sweden is a …

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