Tag Archives: Velipekka Nummikoski

Veikkaus leadership calls for monopoly rethink 

Veikkaus Finland - Finnish monopoly

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 …

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Veikkaus under fire for not fulfilling its responsibility mandates

Veikkaus Finland - Finnish monopoly

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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Finland’s RAY cites tough market conditions for no growth in 2014

SBC News Finland's RAY cites tough market conditions for no growth in 2014

Finnish state owned gambling operator RAY reported no growth in its operations for 2014, as the national operator reported a 1.9% decline in its full year 2014 revenues. 2014 revenues had recorded a revenue decrease of €15 million to €776 million (-1.9%) on its 2013 performance figures, as RAY senior management cited that it had been effected by challenging market …

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