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Tag Archives: Veikkaus

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…

Finland – Veikkaus brings betting limits and ID requirement to betting outlets

Finnish betting operator Veikkaus is introducing new betting laws on June 10, 2021, that will see customers making bets at points of sale such as shops, kiosks, traffic stations, restaurants and Veikkaus ‘own gaming venues having to have signed up as a Veikkaus’ Loyal Customer. Bets at these outlets will have a limit of €1,500….

Finland – Relax Gaming goes live with Veikkaus in continued Nordic expansion

Relax Gaming, the igaming aggregator and supplier of unique content, has signed a major deal to supply its in-house and third-party slot portfolio to Finnish government-owned betting agency, Veikkaus. The partnership will give Veikkaus access to Relax Gaming’s rapidly expanding library of proprietary content, including popular titles Templar Tumble and Money Train 2, as well…

Finland – Pandemic closures wipe €300m from Veikkaus’ 2020 revenues

The coronavirus epidemic had a significant impact on Veikkaus ‘business operations in 2020 with profit for the financial year down 36.6 per cent at €680.2m. The company’s slot machines were closed entirely or in part for a total of about five months. Gross Gaming revenue for the financial year was down 25.5 per cent to…

Finland – Veikkaus lined up for online monopoly as slot authentication kicks in

The Finnish Ministry of the Interior is considering a major overhaul of the Finnish Lotteries Act that would allow monopoly operator Veikkaus to launch B2B services. Veikkaus would be able to create a new division to ‘provide gambling products and services to other companies.’ The ministry said: “The basic premise of the reform is that…

Finland – Yggdrasil agrees retail supply deal with Veikkaus

Yggdrasil has signed a Game IP Licensing Agreement with the Finnish incumbent gaming operator Veikkaus for the retail segment. In collaboration with Veikkaus, Yggdrasil will repurpose and provide slot games for the Veikkaus retail estate in Finland over Veikkaus’ proprietary Video Lottery Terminals (VLTs). Yggdrasil already supplies Veikkaus with slot content in the online channel….

Finland – EGBA explains why it’s time for Finland to lose its gambling monopoly

With Finland’s gambling policy at a cross-roads, Maarten Haijer of the European Gambling and Betting Association believes the government faces a clear choice: stick with the failings of the current policy and its monopoly system, or change course. Mr. Haijer said Finland is now the only EU county which still has a gambling monopoly. This…