Tag Archives: RAY

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 …

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 …

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 …

Finland’s state-owned gambling operators; RAY, Fintoto and Veikkaus are set to operate under the unifying brand of ‘Veikkaus’ (English translation: betting). The decision taken by Finland’s Committee on Economic Policy follows 2015’s decision to merge the Country’s gambling assets forming a single entity. Seeking  to create a more effective national enterprise with better consumer services, which will help reduce social harms …

FTSE 250 listed igaming technology supplier Playtech posted its 2015 opening quarter performance, reporting top line metric growth on all key verticals as the operator extended its technology provisions and signed new customers in the period. In what has so far been a tough first quarter for online gambling operators who have faced increasing tax costs and unfavourable sports result …