Tag Archives: Veikkaus
Finland – Report on ending Finland’s gambling monopoly receives support from Veikkaus
In a preliminary report on Finland’s gambling monoply, the Finnish Ministry of the Interior has said ‘the exclusivity system of gambling has come to a crossroads.’ As a recommendation for action in the study, it is stated that maintaining the regulation of Finland’s current gambling system is not a recommended option. The report states that…
Finland – Veikkaus’ hold on land-based casinos and lottery to remain unaffected by monopoly break-up
The Finnish government is looking at opening up its online gaming market whilst maintaining its monopoly held by Veikkaus in the lottery and land-based casino sectors. Minister of European Affairs and Ownership Steering, Tytti Tuppurainen, said: “I have expedited a study on the possible transition to a multi-permit system. It is only a good thing that the…
Finland – EveryMatrix wins Veikkaus public tender for Online Casino Games as a Service
B2B iGaming technology provider EveryMatrix has been awarded the public tender to provide the Finnish state-owned gaming and lottery monopoly Veikkaus with a vast library of casino content. The six years agreement was awarded to EveryMatrix after a competitive procurement process. Veikkaus will integrate the supplier’s CasinoEngine solution, the iGaming Integration Platform, and source a…
Finland – Veikkaus to limit slot machine play time
As of September 1, 2022, Veikkaus’ slot machines in grocery stores will only be available for playing daily from 9:00 to 21:00. During other hours, the slot machines will be made unavailable for play. Veikkaus will also restrict the visibility of the game menu on all decentralised slot machines as of September 1. These include the slot…
Finland – Slot machine loss limits have reduced problem gambling significantly in Finland
More and more customers of Finnish operator Veikkaus now authenticate themselves whilst gambling. The degree of authentication has risen significantly during 2021, currently reaching up to ca. 80 per cent. By the end of 2023, all Veikkaus games will be subject to compulsory authentication. Authentication brings with it several tools for the self-control of gambling, preventing potential problem…
UK – IWG signs eInstant contract with LEIA
Instant Win Gaming (IWG), a leading supplier of digital eInstant games to WLA/NASPL-member lotteries, has been selected by the Lotteries Entertainment Innovation Alliance (LEIA) to supply eInstants, also known as instant win games, to the joint venture’s five members; Danske Lotteri Spil, Française des Jeux (FDJ), Norsk Tipping, Svenska Spel and Veikkaus. Following a competitive…
Finland – Veikkaus keeps profit steady despite COVID uncertainty
Finnish state owned gambling entity Veikkaus saw its financial profit for the period from January to June (€330.2m) remain at the level of the respective period in 2020, down 0.8 per cent. The restrictions and special arrangements due to the coronavirus pandemic, as well as the sustainability measures the operator decided to take had a…
Finland – Veikkaus to shed 200 employment positions as it streamlines following COVID
Finland’s government-owned gaming company Veikkaus is to axe up to 200 jobs after discussions with staff representatives although up to 830 employees will be affected with new terms of employment contracts to be issued. Veikkaus cited the current operating environment that ‘has changed over the past years with its business volume dropping’ requiring a ‘size…
Finland – Ministry maintains monthly and daily loss limits for Veikkaus’ fast rhythm games
The Finnish Ministry of the Interior has issued a decree on the monthly and daily loss limits for Veikkaus’ fast-paced online games on July 1. Veikkaus said: “In accordance with the decree issued by the Ministry of the Interior on 18 June 2021, the maximum daily loss limit for Veikkaus’ fast rhythm online games is…
