Tag Archives: Veikkaus

Finland’s Institute of Health and Welfare (THL) has expressed detailed concerns about the increasing instances of gambling-related disorders, even as Finland experiences a decline in gambling participation. The observation was made by the Health Institute during its public survey to ascertain the prevalence of moderate and problem gambling risks among Finnish adults.  The Institute, responsible for monitoring records on disorders …

Gambling tech provider Playtech has been selected as the exclusive live casino partner for Finland’s state-owned monopoly operator Veikkaus.  Playtech’s winning tender builds on the London Stock Exchange-listed company’s previous partnership with Veikkaus, spanning across online casino, online poker, retail VLT machines, as well as a casino management system, which now also includes live casino games.  The extension clause is …

EveryMatrix has proclaimed its “best financial results in its 16-year history” as the igaming and sports betting technology group sets new growth and profitability records. Publishing its Q4 and full-year results, EveryMatrix registered a 75% increase in FY2023 consolidated net gaming revenues (NGR) of €114m (FY2022: €65m). Headline growth reflects EveryMatrix expanding its key client base across all products and …

OpenBet has announced a long-term partnership with Finnish state-owned gambling company, Veikkaus Oy.  Moving forward, Veikkaus’ sportsbook platform will be powered by OpenBet’s technology, as the betting operator’s online and retail betting operations are expanded.  Described as a ‘highly strategic move’, OpenBet will also be providing Veikkaus with its Managed Trading Services.   Nikos Konstakis, Chief Product Officer at OpenBet, commented: …

Finland’s state-owned gambling monopoly Veikkaus Oy has initiated several structural changes ahead of a planned legislative overhaul of the country’s gaming licencing system. Under plans by the Finnish Ministry of the Interior, the monopoly held by Veikkaus is set to end in 2026, being replaced by a ‘partial licence system’. Veikkaus will remain exclusive licensee for lottery and land-based gaming, …

Veikkaus, Finland’s gambling and lotteries monopoly, has initiated a ‘transformation programme’ to brace itself for a significant ‘system change’ in Finnish gambling. The company anticipates that proceedings will commence this fall. Earlier this year, the Finnish government confirmed its intention to terminate Veikkaus’ monopoly privileges by 2026. This move is part of a broader strategy to restructure Finland’s gambling market. …

Veikkaus OY has welcomed the study into the Finnish gambling market and international comparisons published by the country’s government this week. The state-backed betting, gaming and lotteries monopoly largely agreed with the Ministry of the Interior’s assessment of Finland’s gambling landscape, particularly that change is needed. In the report, policymakers estimated that around €500m to €550m in Finnish gambling revenue …

The Finnish government appears to have reached the conclusion that its existing gambling monopoly is not faring particularly well, and that a changeup in the licensing framework is a necessary remedy. Findings from a recent study into the monopoly held by Veikkaus found that the state-backed betting, gaming and lottery operator is losing its grip on the country’s wagering market, …

Veikkaus has inked a deal to become an official sportsbook of the NHL in Finland for the remainder of the current season and the upcoming 2023-24 season. As part of the partnership, the Finnish government-owned betting company will have access to tailored hockey content in the aim of providing each customer an ‘enhanced and authentic’ experience. Tuomo Torkkola, Relationship Manager …

Veikkaus OY has returned profits of €680m to the Finnish state, matching its previous year’s performance despite its business facing a “challenging operating environment”.  Publishing its full-year 2022 accounts, Finland’s state-owned gambling and lottery operator generated group revenues of €1.07b, corresponding to a 2% on FY2021 results of €1.1bn. The group’s lottery unit registered a sluggish performance, despite the full …