Tag Archives: finland

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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Christer Fahlstedt – Paf on course to eliminate all big player losses by 2020

Detailing an ‘industry first’, Åland Island (Finland) based betting group Paf has moved to openly publish a detailed breakdown of its customers’ annual wins and losses as part of its corporate social responsibility mandate. Updating the market, Chief Executive Christer Fahlstedt detailed that the initiative would bring stakeholder transparency to Paf’s player wagering limits and further sustainability directives. “We are probably …

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Veikkaus plans for 400 redundancies as restaurant gambling division suffers

Finland’s Veikkaus gambling monopoly is set to undertake a significant operational restructure cutting approximately 400 staff positions, amid the downfall of its restaurant gambling division. Veikkaus’ executive team has commenced discussions with around 1,300 of its 2,000 staff identifying areas which will be at the forefront of restructuring. The majority of the staff members that are said to be affected …

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Raketech targets Finnish sports top spot with UrheiluVeikkaus.com

Industry affiliate marketing network Raketech announces the launch of its latest Nordic property UrheiluVeikkaus.com targeting fast growth within Finland’s lucrative online betting scene. Confirming the launch of UrheiluVeikkaus.com (Finnish translation – SportsBetting.com), Raketech details that it seeks to create Finland’s best and most informative sports betting community. The new portal will serve as Raketech’s flagship brand for Finland, engaging sports …

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Accuscore to enrich Finnish World Cup viewing

Accuscore has partnered with YLE the national broadcasting company in Finland, to provide the broadcaster with World Cup game predictions and individual player performance projections. These predictions will be integrated to YLE’s Voitto- robot, that automatically generates news articles based on data, during the World Cup all match preview articles on the YLE website will be done by Voitto and will be …

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Profitable Paf provides €18 million to the Åland community

Paf - Copyright: oxygen64 / 123RF Stock Photo

Paf has made a significant contribution to the Åland community after allocating €18 million of its 2017 revenues to the Finnish province’s regional government. The gaming company’s annual turnover reached €116.5 million for the full-year, up 2.6% year on year (YOY) from €113.5 million in the corresponding 2016 period. This increased turnover led to the firm posting an operating profit …

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2017 a record year for XLMedia

Publishing its results for 2017, affiliate marketing firm XLMedia has detailed another set of record breaking results, outlining that its revenues increased by 33% to $137.6 million from the corresponding year. Additionally, the Gross profit of XLMedia rose to $73.1 million up 37% from 2016. The group reported its Nordic expansion played a key role in its positive 2017 outlook, …

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XLMedia raises £32 million through share sale

London AIM-listed industry affiliate marketing firm XLMedia has confirmed that it has raised approximately £31.7 million through its latest ordinary shares placement. Issuing a market statement on Tuesday 16 January, XLMedia governance detailed that it would place up to 16 million ordinary shares, representing circa 7.8% of the firm’s equity for sale to institutional investors. This morning, XLMedia confirmed that it …

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Gambling.com enters regulated United States market

US - Copyright: stillfx / 123RF Stock Photo

Gambling.com has revealed the latest arm of its global expansion, with the release of a localised version of its site in the United States. The group has detailed that this is the first step of its plan to take market share in the growing, regulated US online gambling market. Kevin McCrystle, Chief Operating Officer for Gambling.com Group, said “Gambling.com USA is …

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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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