Tag Archives: Veikkaus

Veikkaus Finland appoints SBTech to lead end-to-end sportsbook overhaul

Multi-channel sportsbook and systems provider SBTech has won the competitive tender to act as the lead online and retail sports betting systems provider for Veikkaus Finland. This morning, SBTech confirmed that it has won the hotly contested ‘public procurement process’ to service Finnish gambling monopoly Veikkaus, who in 2018 called for a wholesale systems upgrades improving the firm’s digital capacities …

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Digital challenge sees Veikkaus complete stage-1 of corporate transformation

Veikkaus, Finland’s state-owned gambling operator has detailed the successful completion of the initial phase of its ongoing ‘transformation programme’. At the start of 2019, Veikkaus governance announced that it would undertake ‘significant operational restructure’ of its ‘restaurant gambling division’, having identified a number of ‘cost reduction areas’. Competing against a ‘trend of fierce online gambling competition’, Olli Saarikoski, President and …

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Finnish authorities crack down on illegal gambling advertisements

Finland’s Police and Transport and Communications Agency Traficom have confirmed that they are going to work alongside one another to strengthen initiatives which monitor and prevent illegal gambling advertisements on television and radio. As it stands, only Finland’s state-owned Veikkaus is permitted to run and market gambling of any kind across the country, with any other marketing operations pertaining to …

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Veikkaus under fire for not fulfilling its responsibility mandates

A report commissioned by Finland’s National Institute for Health & Welfare (THL) has warned state-monopoly Veikkaus and media stakeholders that gambling advertising is not in-line with the nation’s public health interests. Speaking to national broadcaster Yle.fi, THL senior researcher Jani Selin stated that Veikkaus advertising messages had failed to convey the public health risks attached to gambling. “The advertising slogans …

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Are we at peak betting? Find out at Betting on Football

Has the industry reached peak betting when it comes to technological innovations? That’s the question that will be asked on the first panel session of the ‘Leadership & Vision’ track (Wednesday 20 March) at next week’s Betting on Football conference. The subject matter – Peak betting – are economies of scale causing stagnation? – forms much needed executive debate and …

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Therese Hillman – NetEnt unafraid of tackling tough choices for delivering growth

Publishing its full-year 2018 results, Therese Hillman new Chief Executive of Stockholm-listed industry games developer NetEnt AB, has emphasised that her new executive team will continue to execute ‘changes delivering efficiencies for commercial growth’. NetEnt’s CEO closes a transformative Q4 2018 trading period, in which the games developer has undertaken a series of organisational adjustments – significantly reducing headcount within …

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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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Morten Eriksen – LEIA will deliver fresh thinking for the lotteries scene

Morten Eriksen the executive tasked with leading the ‘Lotteries Entertainment Innovation Alliance – LEIA’, a strategic joint-venture formed by Danske Spil (DEN), Française des Jeux (FRA), Norsk Tipping (NOR) and Veikkaus (FIN) has detailed further insights on the JV’s foundations and ambitions which aims to disrupt the global lottery scene. This week, a first of its kind strategic initiative was formed by the Four European legacy gambling/lottery groups, stating their intent …

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Yggdrasil muscle & ComeOn recovery see Cherry AB confident of future prospects

Stockholm-listed online gambling group Cherry AB continues its strong 2018 momentum, reporting a further trading quarter driven by organic growth, delivering double-digit increases across its core metrics and KPIs. Publishing its Q3 trading update (period ending 30 September), Cherry reports a group revenue increase of 58% to MSEK 899 (Q3 2017: MSEK 567), with the firm delivering year-to-date revenues of …

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