Tag Archives: finland

Game Lounge expands in Finland with Suomicasino.com launch

Cherry Gaming AB has moved to further extend its presence within the highly competitive Finnish igaming market, by announcing the launch of Suomicasino.com Suomicasino.com a Finnish market tailored white-label casino, will be operated by Cherry AB marketing subsidiary Game Lounge. The casino will feature gaming content from Cherry AB’s Yggdrasil Gaming, and further inventory from Amaya Inc, NetEnt and Microgaming. …

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Finland set to unify its state owned gambling operators

State owned gambling operators Veikkaus, Raha-automaatttiyhdistys (RAY) and Fintoto are set be merged into one unified enterprise. National news sources have detailed that the decision was undertaken by Finland’s Cabinet Committee on Economic Policy last September following are review of current market conditions. The merger of the three operators by the cabinet is intended to maintain domestic gambling market exclusivity, …

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Game Lounge acquires top performing Finnish affiliate domains

Cherry Gaming owned Scandinavian affiliate network Game Lounge has signed an agreement to acquire a prominent Finnish affiliate’s domains, including nettikasinovertailu.info, netticasino.eu, onlinecasinofindr.com, nettipokeri.eu, nettiveikkaus.eu and nettibingo.eu for a price of €1,2M. In addition to incremental earnings, both Cherry and Game Lounge will gain a strong strategic position in Finland and profit from a larger and more significant presence in the market. The acquired affiliate sites will …

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Increased costs see Paf report 45% profits decline

Finnish state owned gambling operator Paf has recorded a severe decline in 2014 top-line metric performance. Paf governance would report a 45% decline in 2014 operating profits to €17.2 million from 2013 – €31.4 million. The Aland based operator recorded revenue declines in both its online and land-based divisions. Paf’s digital division would record an 11% drop in revenues to …

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Finland – growing concerns regarding impact of remote gambling operators

Finnish politicians and regulatory members have expressed concern regarding the impact of remote gambling operators on the country’s gambling market. Amongst the concerns are that the current Finnish gambling framework does not have the capabilities of monitoring remote gambling operators and protecting Finland’s consumers. News source YLE.fi has estimated that Finland’s gambling industry generates some €1.7 billion in revenues per …

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Finland’s RAY cites tough market conditions for no growth in 2014

Finnish state owned gambling operator RAY reported no growth in its operations for 2014, as the national operator reported a 1.9% decline in its full year 2014 revenues. 2014 revenues had recorded a revenue decrease of €15 million to €776 million (-1.9%) on its 2013 performance figures, as RAY senior management cited that it had been effected by challenging market …

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RAY launches Playtech live casino

Finland’s national gaming operator has launched today with Playtech’s cutting-edge live casino solution located in its own purpose-built studio within its Espoo headquarters and featuring a new presenter concept. RAY (Raha-Automaattiyhdistys – Slot Machine Association Finland) has further extended its existing long-term relationship with Playtech and launched unlimited Blackjack, Blackjack and Roulette tables. The initial launch includes Playtech web version …

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Ihre Consulting has Guts

Guts Affiliates, the official affiliate program for guts.com, has instructed Ihre Consulting to assist it with affiliate recruitment and assist them in growing to the next level. Guts.com targets casino players and sports bettors from many countries, but specifically Norway, Sweden, Finland, Canada, Australia, Germany and UK. They have multiple currencies, languages and 24/7 customer support in Norwegian, Swedish, English …

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Sweden to set tougher monitoring of gambling advertising

The Swedish Government has requested Sweden’s Council for Gaming Ethics (SPER) for an independent review of current advertising and marketing practices with regards to sports betting and gambling products. Various government ministers are concerned with the increasing coverage and visibility of gambling products in the region. SPER have been asked to monitor TV, Radio, digital and sports sponsorship practices that …

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Finnish Cabinet Committee Set to Punish Unregulated Operators

Finland’s Cabinet Committee of Economic Policy shed outlines of new measures designed to strengthen the country’s gambling state monopoly. New measures are set to be implemented in order to deter and punish unregulated operators targeting the Finnish market and breaching the current rules and regulations of the Finnish Lotteries Act. The Committee are set to have a special emphasis on …

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