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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
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 […]
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 […]
Casino
July 14, 2023
Veikkaus Bolsters Content Portfolio with Pragmatic Play
Pragmatic Play has been tapped by the Finnish monopoly to provide it with new games that will bolster the experiences for players. Officially run as Veikkaus Oy, this is the country’s state-owned casino, betting, and lottery gaming operator. Pragmatic Play Brings a Variety of Worthwhile Games The games that will be featured with Veikkaus Oy […]
Sports
March 21, 2023
NHL Names Veikkaus Official Sportsbook for Finland
The professional ice hockey league in North America, The National Hockey League (NHL), announced a new partnership with the Finnish government-owned gambling monopoly, Veikkaus. Details of the new collaboration emerged Monday and see the gambling operator become an Official Sportsbook of the NHL in Finland. The 2022-23 NHL season kicked off in October and is […]
Industry
March 10, 2023
Veikkaus Revenues Stagnate as the Agency’s Future Remains Uncertain
Veikkaus Oy’s 2022 profits remained roughly in line with last year. Fennica Gaming, the group’s first subsidiary, showed promising results and should soon significantly contribute to the group’s market presence. Despite optimistic remarks from board members, rising political pressures may soon disrupt Veikkaus’ undisputed reign over the Swedish market. Financials Remained Stable across the Board […]
Industry
January 23, 2023
Finnish Politicians Support the Government’s Plan to Replace the Veikkaus Monopoly
According to local Finnish news service Yle.fl, the government’s decision to put an end to Veikkaus’s monopoly has received the support of a large number of political parties in the country. Among them, are the Centre Party, the National Coalition Party, and the Labour Institute for Economic Research. Money and Market Share, the Main Factors […]
Casino
October 3, 2022
Veikkaus Selects EveryMatrix for New Online Casino Games Tender
EveryMatrix, the leading business-to-business technology and content provider, announced it has been awarded a new public tender by Veikkaus, the Finish state-owned gaming and lottery monopoly. Veikkaus Selects EveryMatrix for Gaming Tender The terms of the new collaboration will see Veikkaus leverage EveryMatrix’s leading casino content including its iGaming Integration Platform and CasinoEngine solution. Additionally, the operator will […]
Industry
August 19, 2022
Veikkaus Introduces New Restrictions on Slots in Shops
Veikkaus, a state-owned Finnish gambling company, announced new restrictions concerning slot games. Starting September 1, gamblers will have to abide by new playtime restrictions when playing in shops and grocery stores. Veikkaus Unveils New Rules The Veikkaus ruled that shops will have to turn off all slot machines after 9 pm and not boot them […]
Industry
June 22, 2022
Veikkaus Asks for Delay of Identification Checks Implementation
Finnish government-owned company Veikkaus Oy, which holds the monopoly over gambling in the country, has filed a request for a one-year postponement of the compulsive implementation of identification controls regarding all coupon-based lottery games in Finland. The company asked for the delay as it is experiencing difficulties in supplying the necessary hardware components, which are […]