Veikkaus posts H1 revenue decline despite online gains

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iGaming Business

Playtech and Veikkaus forge strategic partnership to elevate live casino experience in Finland

Playtech has achieved a remarkable distinction by securing the winning tender in a rigorous public procurement process for live casino games, emerging as the chosen partner for Veikkaus, the Finnish state-owned and monopoly operator. With an initial duration of six years and the potential for extension, the agreement signifies a significant…

Industry ・ 22 February 2024

iGaming Business

Veikkaus to implement mandatory scratchcard identification checks

Beginning 1 January 2024, players will need to show identification to purchase scratchcards and claim any winnings. Veikkaus says this will apply to games such as the Ässä and Casino lottery. Valid identification includes driving licences, "Kela" cards and Veikkaus cards, the latter of which is provided by the operator. Until the end of 2023,…

Scratch Games ・ 07 November 2023

Times Of Malta

Finland to open up online gambling market

It is rare that government and opposition parties agree on something - and that applies to most countries. But last September, when Demokraattii, the newspaper of the Finnish Social Democratic Party, asked seven parties in the Finnish Parliament about their position on government's plans to open up the online gambling market and introducing a…

Incidents ・ 20 October 2023

European Gaming

PRAGMATIC PLAY TAKES SLOTS LIVE IN FINLAND WITH VEIKKAUS

Pragmatic Play, a leading content provider to the iGaming industry, has signed its first partnership in Finland with Veikkaus Oy, the state-owned lottery, casino, and betting operator. As part of the deal, players in Finland will be able to enjoy 10 of the provider's most renowned slot games, including the multi-award-winning Sugar Rush™ and Gates…

Industry ・ 14 July 2023

Wild Casino

$5,000 Welcome Bonus

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Casino City Times

Pragmatic Play takes slots live in Finland with Veikkaus

Gaming News 14 July 2023 (PRESS RELEASE) -- Pragmatic Play, a content provider to the iGaming industry, signed its first partnership in Finland with Veikkaus Oy, the state-owned lottery, casino, and betting operator. As part of the deal, players in Finland will be able to play 10 of the provider's slot games, including Sugar Rush as well as Gates…

Industry ・ 14 July 2023

Yogonet

Finland considers transitioning to licensing system to achieve higher "channeling rate" in online gambling

Finland's Interior Ministry has commissioned a report examining the future of online gambling, which suggests that the current state monopoly system requires regulatory changes to function effectively. The report recommends transitioning to a licensing system to address the issue. The report reveals that the current system results in a loss of…

Law ・ 25 April 2023

Gaming Intelligence

Nevada gambling revenue climbs to $1.31bn in December

Nevada's gambling market ended 2022 on a high note as total gaming revenue increased by 14 per cent to $1.31bn. December marked the 22nd consecutive month in which the state's casinos reported at least $1bn in gaming revenue. Slot machines revenue grew by 2 per cent year-on-year to $803.5m in December, with Multi Denomination slots contributing…

Finance ・ 01 February 2023

Gaming Intelligence

Nevada gambling revenue tops $13.5bn despite November decline

Nevada's gambling revenue decreased by 8 per cent to $1.22bn in November, taking total revenue for the first 11 months of the year above $13.5bn, higher than 2021's annual total. Most games recorded declines in November, with the exception of slot machines, which were up by 1 per cent to $871.1m and roulette revenue, which rose 10 per cent to…

Finance ・ 04 January 2023

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Yogonet

NetEnt signs online casino supplier agreement with Veikkaus

NetEnt will supply a broad range of its digital games to Veikkaus' online casino for a period of four years. NetEnt has entered into a license agreement with Finland's state-owned gaming operator Veikkaus. NetEnt will supply a broad range of its popular digital games to Veikkaus' online casino. NetEnt has signed a customer agreement with Finnish…

Games ・ 02 November 2022

Gaming Intelligence

Live casino delivers strong growth for Evolution in third quarter

Stockholm-listed casino supplier Evolution has reported a 37 per cent increase in revenue to €378.5m for the third quarter of 2022, buoyed by continued strong growth in Asia and North America, as well as the first results from newly acquired Nolimit City. Revenue from Live Casino surpassed €300m for the first time in Q3 following a 45 per cent rise…

Live Gambling ・ 27 October 2022

Gambling Industry News

Finland’s Gambling Operator Veikkaus Ready to Give Up Monopoly

State-owned gambling company Veikkaus has stated in its interim report that it is ready to give up its monopoly position in Finland in the hopes that the government will open the market to privately-owned betting companies. In an interview with Ylen Ykkösaamu on Wednesday, Veikkaus' deputy CEO Velipekka Nummikoski pointed out that gambling…

Sports ・ 07 September 2022

YLE

Veikkaus ready to end gambling monopoly, switch to licensing model

The state-owned entity has called on the government to consider allowing foreign gambling and gaming companies operate in Finland under domestic rules. State-owned gambling company Veikkaus has recommended that Finland consider allowing foreign online gambling and gaming companies to operate in Finland under domestic legislation. This move would…

Law ・ 07 September 2022

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Gambling News

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. The Veikkaus ruled that shops will have to turn off all slot machines after 9 pm and not boot them up until 9 am. This means that…

Travel ・ 19 August 2022

City A.M.

Online gambling slows for Ladbrokes owner Entain as lockdown buzz fades and government review looms

Online net gaming revenue dipped seven per cent Ladbrokes owner Entain as the gambling titan struggles to recapture lockdown momentum. A weaker macro-economic environment is also reducing customers' rate of spend during the first half of the year, moderating overall online growth versus previous expectations. The closure of the Netherlands ahead of…

Covid ・ 07 July 2022

Macau Business

SJM’s net losses double to HK$1.2 bln in Q1

SJM Resorts' losses attributable to shareholders have doubled to HK$1.2 billion (US$163.3 million) in the first quarter of this year when compared to the same period in 2021, the group's latest unaudited financial report shows. Although net revenue reported by the gaming operator managed to increase by 2.4 per cent year-on-year to HK$2.5 billion,…

Travel ・ 03 May 2022

Gambling News

Finland Now Has Two Land-Based Casinos as Veikkaus Expands Reach

Yesterday, Veikkaus, the Finnish state-owned gaming operator, opened its second casino in the country. This comes as Veikkaus faces questions about its future as Finland's gambling monopoly. It follows only months after the operator opened its first casino, Casino Helsinki. Casino Tampere is a new casino that offers both classic table games as well…

Land-based ・ 17 December 2021

Times Of Casino

Problem Gambling Rates Dropped to an "All-Time Low" Because of Veikkaus Loss Limits

Veikkaus, the Finnish national betting agency, is wholly owned by the Finnish government and holds the country's only legal betting licensee for lottery and sports betting. Veikkaus has had monthly loss limitations for fast-paced online games such as Galaksino Casino Games for a long time, starting at €2000. The Galaksino offers a variety of games,…

Gambling Addiction ・ 23 November 2021

European Gaming

Veikkaus Data Shows 7% of Players Bring in 50% of Revenue

Finnish gaming monopoly Veikkaus has recently released customer data showing that 7% of players are responsible for 50% of all takings. In the first half of 2021, approximately 1.7 million customers played Veikkaus games, meaning that half of the company's revenue came from just 119000 players. When considering Finland's gambling industry as a…

Finance ・ 17 September 2021

iGaming Business

Veikkaus ID data shows 7% of players responsible for half of takings

Roughly 1.7m people played Veikkaus games in 2021, meaning that half the company's revenue came from 119000 players. The figure compares favourably with Finland's gambling industry as a whole, which takes into account offshore gambling, whereby 2.5% of players across all sites account for 50% of the revenue. The data was collected through mandatory…

Finance ・ 15 September 2021

Gaming Intelligence

Evolution Gaming doubles first quarter revenue to €235.8m

Stockholm-listed casino supplier Evolution Gaming has seen revenue more than double to €235.8m in the first quarter of 2021. Revenue was buoyed by a record performance from the company's live casino offering, which rose 60 per cent to €183.7m, as well as a 6 per cent increase in revenue from RNG games to €52.2m as a result of the acquisition of…

Finance ・ 07 May 2021

iGaming Business

Veikkaus: Slot ID controls will cut player losses by €300m

Finnish gambling monopoly Veikkaus will customers to verify their identity to play its slots as of tomorrow (12 January), part of a series of player protection measures which the operator expects to cut player losses by up to €300m. Under the new system, players must use a virtual identification card available on their phone, to log in before…

Covid ・ 19 January 2021

CBC

FSIN, SIGA want Sask. government to reconsider closing First Nations casinos during pandemic

The organizations representing First Nations and Indigenous casinos in Saskatchewan say they feel slighted because they were given little to no consultation about the public health order that closes casinos as of Saturday. The organizations representing First Nations and Indigenous casinos in Saskatchewan say they feel slighted because they were…

Covid ・ 19 January 2021

Calvin Ayre

Veikkaus laying off 800 staff, Finland urged to ditch gambling monopoly

Finland's Veikkaus gambling monopoly will lay off up to 800 staff in January while the country is being shamed as the only remaining European Union country clinging to a state-run monopoly model. On Thursday, Veikkaus announced that the'cooperation negotiations' it launched with its retail staff earlier this month had concluded with plans to begin…

Covid ・ 19 January 2021

iGaming Business

Veikkaus to pilot account-based slot play from October

The revised Finnish Lotteries Act will make verification checks compulsory at all retail gambling venues in the country from 2023, but Veikkaus has called for this date to be brought forward. The operator has already committed to introducing the measures at its Feel Vegas and Pelaamo arcades from January 2021. It will now launch a pilot scheme next…

Gambling Addiction ・ 01 July 2024