Tag Archives: finland

Veikkaus revamping business around responsible gambling objectives

Finnish gambling operator Veikkaus is revamping its operations to put more emphasis on responsible gambling.  The company plans to reduce its 18,500 slot machines by 40% over the next six years as it looks to address concern over the extent of gambling harm in the country.  The move comes despite Veikkaus announcing a 2.1% drop in gross gaming revenues so …

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

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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Christer Fahlstedt: Paf – True responsibility is a test of all industry values

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 …

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Veikkaus Finland confirms Regina Sippel as inbound CFO

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 …

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Veikkaus reforms ethics council in response to public pressure

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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Digital challenge sees Veikkaus complete stage-1 of corporate transformation

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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Finnish authorities crack down on illegal gambling advertisements

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 …

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Bojoko.com focus sees Good Game Ltd offload esports portal Eurheilu.com

Industry affiliate marketing publisher, Good Game Limited has confirmed that it has sold esports news portal Eurheilu.com to Esports Media Solutions for an undisclosed sum. Updating the market, Good Game Limited details that it has undertaken the transaction to focus on managing flagship online casino community – Bojoko.com. Launched in 2016, Eurheilu.com is a dedicated Finnish language esports portal, featuring daily …

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Raketech ups Finnish sports profile acquiring TVmatsit

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 …

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Veikkaus under fire for not fulfilling its responsibility mandates

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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