Finland’s Gambling Operator Veikkaus Ready to Give Up Monopoly
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Veikkaus wants to give up its monopoly position in Finland. Veikkas' deputy CEO Velipekka Nummikoski points out that there is no regulation of gambling in the country. According to Veikkas' interim report, 50% of all money wagered online in Finnish goes directly to foreign companies that are unregulated by the Finnish government.
"Our competitors do not operate under Finnish regulations and their license would change. Then everyone would work with the same rules of the game."
In Finland, Veikkaus have an exclusive rights system. Veikkas' market share is only half.
Finland's gambling operator Veikkaus is ready to give up Monopoly. He believes Finland would be attractive for foreign gambling companies if the market were opened and a license system was introduced.
Channelization has reached 90 percent. Veikkaus believes the system is not worth creating.
Finland's gambling operator Veikkaus is offering games to Finnish customers. Veikkas believes Finland is an attractive market.
