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Finland flexes payment blocking powers by blacklisting Betsson
March 3, 2024 - Betsson’s BML Group subsidiary is the first gambling operator blacklisted by Finland’s National Police Board (NPB), blocking any payments to its brands from players in the country. The NPB revealed... Read more »
Finland warned that gambling harms do not match gambling prevalence trends
February 28, 2024 - Finland’s Institute of Health and Welfare (THL) has expressed detailed concerns about the increasing instances of gambling-related disorders, even as Finland experiences a decline in gambling participation. The observation was... Read more »
Finland’s Veikkaus unveils new live online casino offering supported by Playtech
February 22, 2024 - Gambling tech provider Playtech has been selected as the exclusive live casino partner for Finland’s state-owned monopoly operator Veikkaus. Playtech’s winning tender builds on the London Stock Exchange-listed company’s previous... Read more »
As state monopoly ends, Finland launches legislative project ahead of competitive gambling market
October 24, 2023 - Finland’s government has outlined the legislative pathway towards the creation of a regulated gambling market by 2026. The Ministry of the Interior has set up a project that will guide... Read more »
Finland’s state-owned gambling monopoly looks to shed 240 jobs as it prepares for competition
September 5, 2023 - Finnish state-owned gambling monopoly Veikkaus has announced the beginning of restructuring negotiations with the aim of trimming its staff by up to 240 workers. In a statement issued on Tuesday,... Read more »
Finland to end gambling monopoly by 2026
June 19, 2023 - The newly formed Finnish government has announced it is committed to ending the current monopoly system for gambling in favour of a licensing model, “no later than 2026”. The government... Read more »
Finland fines Betsson subsidiary €2.4 million for illegal marketing activities
May 16, 2023 - Finland’s National Police Board has hit BML Group, a Betsson AB subsidiary, with a €2.4m [$2.6m] fine alongside a prohibition order against the firm’s marketing activities. The law enforcement agency’s... Read more »
Finland’s state gambling monopoly likely to be replaced by a licensing system
April 20, 2023 - The current state monopoly system would not function without regulatory changes, according to a report commissioned by the Interior Ministry that looks at the future of online gambling and recommends... Read more »
Sluggish revenues at Finland’s state-owned gambling monopoly reflect consumer behavior
March 12, 2023 - Revenue at Finnish state-owned monopoly Veikkaus Oy has remained largely stagnant year-on-year, which the group blamed on weak consumer confidence. Revenue for the group stood at €1.07bn ($1.81bn) for the... Read more »
Finland’s sole gambling operator calls for monopoly rethink amid revenue decline
September 12, 2022 - 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... Read more »