Tag Archives: finland

Thomas Igou – i-Gaming Forum – Spotlight on Nordic market diversity

The i-Gaming Forum today returns to Stockholm, as industry delegates gather to discuss the latest factors, trends and regulatory impacts effecting the lucrative Scandinavian online betting markets. SBC caught up with i-Gaming Forum Programme Director Thomas Igou to discuss this year’s conference and overall sector developments. Igou details how i-Gaming Forum aims to showcase the diversity of individual Nordic betting …

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Dutch football alleges first case of attempted match-fixing

Attempts to fix the result of a Dutch league match seven years ago have been uncovered by a Dutch football association (KNVB) investigation, the first time for such a case in the Netherlands. As reported in the Guardian, the investigation has uncovered a bid by Ibrahim Kargbo, then a player at Willem II Tilburg, to fix the outcome of a …

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Corporate strategy fallout sees Ander Ingves depart as CEO of Paf

Scandinavian news sources have reported that Ander Ingves has resigned as Chief Executive of Paf following an ongoing dispute with corporate governance regarding the future strategy of the gambling operator. The board of directors of the Aland Islands licensed company, confirmed to local news sources that Ingves had left the company last week, and had been temporarily replaced by Chief …

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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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