Tag Archives: Veikkaus

Winning Post: Easy ‘Nordic cash’ is drying up…

Regulus Partners begins November proceedings by examining the Nordic market developments. Once recognised as fruitful territory for igaming operators, heavy-handed restrictions, penalties and increased taxes have changed Scandinavia’s market outright.  ___________ Norway has become a much tougher market in which to operate over the last couple of years, especially for those not willing or able to get creative with payments …

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SBC Magazine Issue 11: Ralph Topping, SPACs and the best way to spend £100m

Kicking off Issue 11 of SBC Magazine, we have an exclusive interview with former William Hill CEO Ralph Topping, who reflected on his journey from a part-time cashier in one of Glasgow’s independent betting shops to the boardroom of William Hill. He looked back on the ways that UK betting shops have evolved in recent years and how bookmakers have …

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Veikkaus calls for early introduction of Finnish age verification measures

Veikkaus has called on Finland’s government to bring forward the implementation date for new measures regarding compulsory authentication across gaming arcades. Currently, mandatory ID checks are to commence at the beginning of 2023, but the Finnish gambling monopoly is urging an amendment to the Lottery Act to bring the rulings into force next year. The firm has also documented its own …

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Veikkaus seeks new wagering lead as Kauhanen departs to lead Finnish Hippos

Finland’s national gambling monopoly Veikkaus OY is looking for a new sports betting chief, after long-term Vice President of Wagering Sami Kauhanen departed the organisation to lead Finnish horseracing. This June, Suomen Hippos – Finland’s horseracing and stud breeding association – confirmed the appointment of Kauhanen as inbound President and CEO effective 1 September 2020. Hippos underlined Kauhanen’s credentials as the …

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Lottery leaders to address COVID-19 crisis at SBC Digital Summit

SBC Digital Summit - Lottery Track

High-profile figures from major European lotteries and US state lotteries are set to participate in the SBC Digital Summit to share their experiences of adapting to the new market conditions brought about by the COVID-19 pandemic. The event’s Lottery track, delivered in partnership with GLMS, takes place on 29 April, the third day of the largest ever online conference and …

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Andrew Cochrane, SBTech: Setting the tone for B2B services with ‘Go Big’ campaign

SBTech

SBTech will “set the tone” for the year ahead at ICE London, with a full complement of company leaders ready to welcome sports betting and gaming partners to ‘Go Big’ and join #thebigleague. We caught up with one of these leaders Andrew Cochrane, the Chief Development Officer who is heading up the ‘Go To Market’ team. He told us more …

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Veikkaus to strengthen responsible gambling strategy in 2020

Finnish gambling monopoly Veikkaus has outlined plans to strengthen its responsible gambling strategy in 2020, which will include a reduction in the number of slot machines it operates across Finland. Having gained approval from the Veikkaus board of directors, the gambling monopoly could cut the number of slot machines by an estimated 3,500, as well as pushing for compulsory identification …

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Veikkaus names six members of new Ethics Advisory Board

Finnish gambling monopoly Veikkaus has named the six new members of its Ethics Advisory Board, who will focus on the ethics of games and their marketing, gaming harm and the social impact of gaming. The purpose of the advisory board will be to provide an outside view of the company’s board and operative management on gambling activities. In addition to …

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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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