Finland’s government has confirmed the scope and time frame of the country’s reforms of its gambling licence system, setting an expected date for the end of Europe’s last gaming monopoly. The changes were announced in the government’s latest agenda, along with a range of other legal changes. According to authorities, interested stakeholders can expect a change away from the current …
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Finland assess international comparisons as unlicensed turnover hits €500m
The Finnish government appears to have reached the conclusion that its existing gambling monopoly is not faring particularly well, and that a changeup in the licensing framework is a necessary remedy. Findings from a recent study into the monopoly held by Veikkaus found that the state-backed betting, gaming and lottery operator is losing its grip on the country’s wagering market, …
Read More »Politicians express unity on Finnish licencing overhaul plans
The Finnish government’s change of heart on the future of the Veikkaus monopoly has broad political support from the country’s political parties, according to media reports. Local news service Yle.fl quoted three political stakeholders representing different political blocs in Finland’s parliament – the Centre Party and National Coalition Party (NCP), and the Labour Institute for Economic Research (Labore). All three …
Read More »Antti Koivula: How Finland will move on from its historical gaming monopoly
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 …
Read More »Finnish government changes tune on future of Veikkaus
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 …
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