FREE TRIAL

Deploy a Free VPS Server Worldwide. No Credit Card Required.

Start Free Trial
  • +357 2425 0808
  • Login
  • English

Home

Blog

Finland wants to keep state-run gambling...

Finland wants to keep state-run gambling

Finland wants to keep state-run gambling

NetShop ISP

NetShop ISP · Blog Author

Apr 19, 2017 · Uncategorized

Nordic countries have become attractive to international gambling companies. Finland, in particular, is said to be one of the biggest and most thriving European gambling markets. However, unlike many other jurisdictions in Europe, this country chooses to keep its monopoly regulatory system. It is also unlikely that this scenario will change in the near future.

Finnish media outlet Yle recently funded a report compiled by a market research company Taloustutkimus. It showed that almost 70% of people in Finland want the government to keep its monopoly on gambling. Yle reports that that group of people comprised mainly of older population of Finland. Younger people, on the other hand, were more open to accept a new licensing system that would allow international gambling companies to operate in a regulated environment.

Up until recently, gambling activities in the country were managed by three state-run organisations: Veikkaus Oy (betting and lottery), Fintoto Oy (pari-mutuel betting) and RAY (casino offering). Earlier this year, all these three were merged into one state-run monopoly called Veikkaus.

Back in the early 2010s, the European Commission requested Finland to implement some changes in order to comply with the EU law. At that time the country decided to make changes in the monopoly system rather than removing it at all. Such decision was approved by EU officials as it did not violate the European trade agreement.

According to Yle, Finns wager over €10 billion yearly on different gambling products, both online and in land casinos. Further, H2 Gambling Capital provided a chart which showed that Finnish players spent an estimated total of $2.2 billion in the industry in 2016. Based on these numbers, Finns were ranked as the most active gamblers. Finnish players are mostly attracted to online gambling and gaming machines.

Categories

Backup
6
Business Continuity
4
Cloud Hosting
10
Colocation
4
Company Updates
1
Cryptocurrencies
1
Data Centers
12
Dedicated Servers
4
Disaster Recovery
3
Forex
25
Gaming
1
iGaming
33
Industry News
32
Interviews
10
Joomla
9
Magento
5
Managed Services
1
Operating Systems
1
Press Releases
65
Product News
6
Resellers
1
Security
25
Software & Apps
1
Streaming
1
Tech Startups
12
Tutorials
61
Uncategorized
389
Vps Hosting
11
Web Design & Development
3
Web Hosting
44
Webinars
1
Wordpress
14

Free VPS Trial

No Credit Card Required.

Recent Posts

How To Enable Remote Connections to SQL Server

How To Enable Remote Connections to SQL Server

27 March, 2023

How To Fix Error Failed to download metadata for repo in CentOS 8

How To Fix Error Failed to download metadata for repo in CentOS 8

23 March, 2023

How can Forex Brokers be Protected from DDoS Attacks

How can Forex Brokers be Protected from DDoS Attacks

20 March, 2023

NetShop ISP Bronze Sponsors for the University of Cyprus at Harvard WorldMUN 2023

NetShop ISP Bronze Sponsors for the University of Cyprus at Harvard WorldMUN 2023

15 March, 2023

Top 5 Cloud Computing Trends in 2023

Top 5 Cloud Computing Trends in 2023

13 March, 2023

#letushostyou

Award Winning Hosting Provider established in 2004.

Best iGaming Service ProviderISO Certified

120 Faneromenis Avenue, Imperial Tower, 2nd Floor, Larnaca 6031, Cyprus

Products

Bare Metal Servers

Customized Servers

Virtual / Cloud Servers

Forex VPS

Storage VPS

cPanel Web Hosting

Reseller Web Hosting

Colocation

Addons

Premium DNS

Email Hosting

Cloud Backup

DDoS Protection

Licenses

SSL Certificates

Domain Names

Premium SLAs

About Us

Data Center Locations

Looking Glass

Our Company

Contact Us

Careers in Cyprus

Become a Partner

Awards

Certifications

© 2023 S.S. NetShop Internet Services Ltd. All rights reserved.  Terms & Conditions  |  Privacy Policy
CY Reg. Number: HE 217340 | EU VAT Number: CY10217340J

Visa
Mastercard
PayPal
Bitcoin
Tether
Ethereum
Litecoin
Wise
Revolut
Wire Transfer