In a decisive move to protect minors, the Finnish Police Board has imposed a stringent prohibition against Veikkaus Oy, the state-owned gambling monopoly, for its advertising practices deemed illegal under the Finnish Lotteries Act. This regulatory action culminates in a EUR 2,900,000 conditional fine, underscoring the seriousness of the violations and the commitment of Finnish authorities to safeguard underage individuals from the risks of gambling. Incident overview and regulatory findings: On November 12, 2024, the Gambling Administration of the Finnish Police Board delivered its verdict against Veikkaus […]

The post Finnish Regulator Fines Veikkaus for Gambling Ads Targeted at Minors appeared first on World Casino News.

Play’n GO, a titan in the casino-entertainment industry, has unveiled a strategic partnership with Veikkaus, the Finnish state lottery. This collaboration is poised to enrich the Finnish gaming landscape by introducing some of Play’n GO’s most beloved games to local players, marking their debut in this new market. Iconic titles debut in Finland: Among the exciting developments from this partnership, Finnish players will now have access to Play’n GO’s acclaimed titles, such as Book of Dead, Reactoonz, and Gargantoonz, for the very first time. These games, celebrated […]

The post Play’n GO Forges New Path with Veikkaus Amid Seasonal Slot Excitement appeared first on World Casino News.

Veikkaus Oy has a new VP of Sports Betting after former Director of Sportsbook for Kindred Group, Andreas Reimblad, joined the ranks of Finland’s state gaming operator in what it describes as “one of the most significant striker signings in the very long history of Veikkaus betting.” Veikkaus welcomes Andreas Reimblad as VP of Sports Betting: An experienced professional, Andreas has an impressive track record in the international sports betting industry, managing complex betting platforms and operating in several regulated markets. The […]

The post Veikkaus Appoints Andreas Reimblad as VP of Sports Betting Amid Gambling Reforms appeared first on World Casino News.

The Ministry of the Interior is seeking public comments on a draft government proposal for a new gambling act, a key reform initiative outlined in the Government Programme. Under this proposal, Veikkaus Oy will no longer maintain its monopoly over betting, online slot machines, and casino games. These gambling activities will be opened to competition through a new licensing system. The proposal was crafted by a working group under the Ministry of the Interior, guided by a political steering group […]

The post Finland Plans to Reform Gambling Laws: Veikkaus Oy Monopoly to be Restructured Under New Licensing System appeared first on World Casino News.

Paf has achieved a record revenue of €177.1m (£150.8m/$191.4m) in its 2023 financial year, marking a 6.9% increase from the previous year. The Nordic gaming operator also posted a notable 23% rise in net profit to €55.1m, setting a new annual record. However, alongside this financial success, Paf has issued a warning about the potential negative impact of rising gaming taxes on future profitability. CEO Christer Fahlstedt acknowledged the positive financial results in a company press release while cautioning about […]

The post Paf Celebrates Record €177.1 Million Revenue, Warns of Impact from Rising Gaming Taxes appeared first on World Casino News.

Paf, the renowned gaming entity, has announced a significant adjustment to its loss limit policy, specifically targeting young players. This decision reflects the company’s ongoing commitment to promoting responsible gaming practices, with a particular emphasis on safeguarding the interests of its youthful clientele. The implementation of mandatory loss limits serves as a crucial mechanism in curbing excessive gambling behaviors. In this vein, Paf has opted to reduce the loss limit for individuals aged 20 to 24 from €10,000 to €8,000 […]

The post Paf Lowers Loss Limit for Young Players Aged Between 20 and 24 appeared first on World Casino News.

Casimba Gaming, a UK-based leader when it comes to online gaming solutions, is excited to reveal that it has officially launched the fresh online gaming website in Finland, the so-called Igni Casino, which represents an expansion of its geographic portfolio. Igni Casino: The Finnish PnP website mentioned above represents a Pay and Play iGaming site. Now, fresh members may sign up and win a welcome bonus of up to €200, in addition to free spins. In addition, real-time gaming may […]

The post Casimba Gaming Presents Igni Casino To Players From Finland appeared first on World Casino News.

One of the leading content, platform, and service providers in the sports betting industry, OpenBet, partnered with the government-owned operator from Finland, Veikkaus. Access to the Finnish market: The Finnish market recently became one of the key markets in Europe, especially when it comes to sports betting. Recently, Finland decided to open its doors to private companies and offer them an opportunity to apply for both sports betting and iGaming licenses in the market. This measure towards more inclusivity also […]

The post OpenBet Partners with Governmen-Owned Finnish Operator Veikkaus appeared first on World Casino News.

The National Hockey League (NHL) in Finland gets a new Official Sportsbook. Veikkaus, a new provider of popular hockey content, will gain access to the content, which will improve its customers’ experience and let them enjoy authentic and improved sports betting. NHL for Finns: Tuomo Torkkola, Relationship Manager at Veikkaus, said: “The NHL is one of Veikkaus Betting’s most popular offerings. By officially partnering with the NHL, we will be able to bring more content from the world’s highest-level hockey […]

The post NHL Content Available to Veikkaus Customers in Finland appeared first on World Casino News.

Finnish Minister of European Affairs and Ownership Steering, Tytti Tuppurainen, revealed in an interview that Finland will launch an investigation to end the state’s gambling monopoly. Tuppurainen said that she hopes that the investigation will commence at the beginning of 2023. Possible transition: The minister also said that both the government and the opposing political parties are united in their standpoint that the state monopoly should come to an end. “As the minister of ownership, I myself hastened to make […]

The post Finland considers gambling transition from Veikkaus’ monopoly to license system appeared first on World Casino News.