Tag Archives: Veikkaus

The Finnish government’s change of heart on the future of the Veikkaus monopoly has broad political support from the country’s political parties, according to media reports.  Local news service Yle.fl quoted three political stakeholders representing different political blocs in Finland’s parliament – the Centre Party and National Coalition Party (NCP), and the Labour Institute for Economic Research (Labore). All three …

Finland’s sector is reportedly set for a major regulatory and market shakeup, regarding the divestment of the Veikkaus monopoly. In a move many feel was overdue, Finland’s Minister of Europe and Ownership Management, Tytti Tuppurainen, was recently quoted as saying that the government was supporting a transition to a multi-licence system, something that opposition politicians are also receptive to.  To …

The Finnish government is reportedly onboard for a dramatic shakeup of the country’s licensing system, which may result in the end of the gambling monopoly held by Veikkaus. Speaking to the MTV Uutisten news agency Tytti Tuppurainen, the country’s Minister of Europe and Ownership Management and a member of the governing Social Democratic Party (SDP), said that the government is …

The European Casino Association (ECA) has elected Tiina Siltanen to serve as Vice Chair of the trade association representing over 900 land-based casinos operating in 28 European markets.  The appointment was announced at the recent ECA board meeting held in Finland in conjunction with the first anniversary of the Veikkaus Casino Tampere – a venue that Siltanen oversees in her …

The leadership of Veikkaus, Finland’s gambling monopoly, has questioned the viability of the nation’s existing gambling framework and its engagement with consumers.  H1 results saw Veikkaus continue to register a year-on-year revenue decline to €515m, results reflecting a retail and online slump for the Finnish monopoly.   Of concern to CEO Olli Sarekoski, Veikkaus recorded a 5% drop in its slice …

Veikkaus OY, Finland’s state-owned gambling monopoly, has restricted use of slot machines across its Finnish retail points and its network of partner kiosks, service stations and cafes.  From 1 September, Veikkaus will no longer allow customers to play on its slot machine terminals between the hours of 9pm and 9am. During that period, betting point managers have been instructed to …

The Finnish gambling and lottery state monopoly Veikkaus Oy has called on lawmakers to delay the introduction of mandatory identification checks of coupon games, including lotteries. Veikkaus started to upgrade its sales terminals ahead of the introduction of Finland’s new Lotteries Act, which came into force on January 1, 2022, though some points in the law were granted a transitional period and can be …

Veikkaus Oy’s international B2B division Fennica Gaming has officially launched, as the company progresses with its expansion plans enabled under Finnish legislation. The Finnish state-backed betting monopoly’s new division will provide game services and products internationally to corporate customers across betting and gaming.  Fellow Scandinavian state monopolies Norsk Tipping (Norway) and Svenska Spel (Sweden) have become the first businesses to …

Finnish state gambling monopoly Veikkaus Oy has entered into a double agreement with the Football Association of Finland (SPL) and the country’s top-flight division, the Veikkausliiga. The core terms of the three-year deal will see Vekkhaus support Finnish football clubs financially, whilst the teams themselves will back the state-controlled firm’s betting and products and services.  Additionally, the agreement – which …

The decision by Finnish authorities to implement payment blocks for online gambling has been condemned by the European Gaming and Betting Association (EGBA) as a ‘missed opportunity for overdue reform’. A government proposal to block payment service providers (PSPs) from accepting gambling transactions by amending the Lottery Act was passed by the Finnish parliament on Tuesday 14 December. The rationale …