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Industry
March 1, 2024
Finland Sees Uptick in Problem Gambling Numbers
THL, as the organization is known for its Finnish acronym, estimates that 4.2% of respondents to its survey are at risk of developing a gambling problem, or already suffer from one. Finland Sees Increase in Problem Gambling In other words, 150,000 people in the country may fall in this category, but the figure is doubly […]
Casino
February 22, 2024
Playtech Agrees to Deliver Live Casino Games for Veikkaus
The leading supplier of content and technology, powering online gambling operators across the globe, Playtech, confirmed a strategic partnership with the Finnish state-owned and monopoly operator, Veikkaus. The company disclosed details regarding the new collaboration on Thursday. Under the terms of the new agreement, Playtech agreed to power Veikkaus’ offering by delivering an extensive range […]
Industry
January 2, 2024
Finland’s Veikkaus Introduces New Identification Requirements
Veikkaus, Finland’s state-owned gambling monopoly, has officially launched its new identification requirements. As announced in early November, the monopoly will now check the identities of players for all games. In line with the identification protocols implemented for coupon games earlier in 2023, Veikkaus will now verify the identities of all of its players. The measure […]
Industry
November 14, 2023
Veikkaus Announces Major Restructuring Amidst Gambling Monopoly Shift
In a strategic move ahead of the impending end of its gambling monopoly in Finland, Veikkaus, the state-owned gambling operator, has confirmed a significant restructuring plan that includes job cuts and operational changes. Veikkaus Implements Sweeping Changes, Including Casino Tampere Closure Veikkaus revealed that approximately 25% of its workforce, totaling 825 employees, will be affected […]
Lottery
November 7, 2023
Veikkaus Confirms Plans for Identity Checks for Scratch Games
Veikkaus, Finland’s gambling monopoly, announced its plans to implement changes related to the purchase of scratch cards, strengthening its efforts toward responsible gambling. On Tuesday, the monopoly confirmed that starting from January 1, 2024, customers who purchase scratch cards for Ässä and Casino lottery will have to identify themselves. Showing identification would be needed not […]
Industry
October 26, 2023
Finland’s Veikkaus Supports Licensing Model Plans but Layoffs May Be Necessary
Finland might be on the way to introducing a licensing model for online gaming. The country, which is the only EU member to still maintain a monopoly over iGaming, just broke ground by introducing a legislative plan to transition to a licensing system. Finland’s online gaming monopoly, Veikkaus, commented on the matter, expressing its support […]
Industry
October 25, 2023
EGBA Praises Legislative Project to Introduce a Licensing Model in Finland
Finland is considering a possible modernization of its online gambling laws. The European country is currently considering a licensing model like the ones used by most modern gambling markets. Finland’s intentions were announced by the country’s Ministry of the Interior. The ministry introduced a legislative project that, if advanced, could replace the current monopoly with […]
Industry
September 6, 2023
Veikkaus to Undergo Restructuring ahead of the Upcoming Reforms
Veikkaus, a Finnish entertainment body currently acting as a gambling and lottery monopoly, is preparing for major system changes that will see a licensing model introduced in the country. Soon, Finland will begin the process of expanding its gambling industry, effectively putting an end to Veikkaus’ hegemony over the market. Finland’s government decided to terminate […]
Industry
September 5, 2023
Paf Confirms Plans to Continue grit:lab Tech Education Program
Two years ago, the Nordic gaming group, Paf, announced the launch of an innovative tech education program called grit:lab. After it was presented, the program started accepting admissions and a year later, it started educating students. By now, 60 students from 20 countries around the world are in their final year of the intensive tech […]
Business
August 30, 2023
Veikkaus Records €519.3M in Revenue for H1 2023, Embraces Licensing Model
Veikkaus, the state-owned gambling monopoly of Finland, has reported steady growth in its interim financial report for the first half of the year, while also reaffirming its support for transitioning to a licensing model for gambling. Eurojackpot’s Success Fuels 20.8% Rise in Revenue Veikkaus’s revenue for the period from January to June reached €519.3 million […]