Tag Archives: Olli Sarekoski

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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Veikkaus appoints 13 new supervisory board members

Finnish gambling monopoly Veikkaus has strengthened its supervisory board after making a dozen of new appointments in a bid to elevate its responsible gambling standards.  The supervisory board is due to be led by chair Jukka Gustafsson and vice chair Jani Mäkelä, and will oversee the company’s corporate governance strategy and the implementation of responsible gambling policies. “[These measures] will …

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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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European Lotteries to descend on Betting on Football

Betting on Football

Major operators from 17 different jurisdictions are using next month’s Betting on Football conference as the perfect opportunity to meet and discuss the future of sports betting in their sector. The European Lotteries association (EL) will host a meeting for members of its Sport Working Group in London on Tuesday 19 March, which is part of the wider Betting on …

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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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European Lottery giants form innovation-led JV alliance  

The national lotteries of France, Denmark, Finland and Norway have today announced the formation of a joint-venture alliance – Lotteries Entertainment Innovation Alliance AS (LEIA) supporting their day-to-day operations in order to meet changing marketplace dynamics. LEIA is founded by Danske Spil (DEN), Française des Jeux (FRA), Norsk Tipping (NOR) and Veikkaus (FIN) with the aim of delivering ‘enhanced digital services’ …

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European Lotteries to talk sports betting at Betting on Football

European Lotteries

The European Lotteries Association (EL) will host a meeting for members of its Sport Working Group in London on Tuesday 20 March, the registration and networking day for the Betting on Football Conference at Stamford Bridge (20-23 March). EL is the umbrella organisation of national lotteries operating games of chance for the public benefit, which brings together both state-owned and …

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Olli Sarekoski takes leadership of merged Veikkaus enterprise

Finland’s Economic Committee has announced the appointment of Olli Sarekoski as new Chief Executive of state-owned gambling enterprise Veikkaus. This month the committee had informed that state-owned gambling assets RAY, Fintoto and Veikkaus would operate under the principal brand of ‘Veikkaus’, following 2015s decision to merge all enterprises under a single entity. Promoted to CEO of Veikkaus, Sarekoski has held numerous executive positions …

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