Industry
November 16, 2021
Loss Limits Help Slash Problem Gambling Rate, Says Veikkaus
Veikkaus, the Finish gambling operator revealed that the number of problem gamblers has decreased significantly. While the number of physical slot machines was reduced, fewer gamblers showed interest in slots. On the other hand, more online gamblers have set gambling loss limits, thus reducing their losses. Problem Gambling Rate Plummets In an effort to reduce […]
Casino
October 18, 2021
Veikkaus Restores Operations to Suspended Gaming Machines
Finland was one of the Nordic iGaming markets to enforce tough restrictions on gaming venues as the COVID-19 pandemic was mounting its charge across the country. Yet, the fourth quarter of 2021 seems to be accompanied by the easing up of anti-COVID restrictions. As a result, the country’s gambling behemoth, Veikkaus, announced that it has […]
Business
October 15, 2021
Veikkaus Reduces Workforce, Parts Ways with up to 190 Workers
Citing decreased business volumes, Finnish state-run gambling operator Veikkaus announced that it will reduce its workforce. The company said today that it will be letting go of as many as 190 employees. Veikkaus to Lay Off Employees, Change Employment for Some Workers It was back in November of last year when Veikkaus, the gambling monopoly […]
Industry
August 9, 2021
Veikkaus’ Revenue May Be Redirected to Finland’s State Budget
Finnish national betting agency Veikkaus recorded a drop in its revenue, which caused a negative influence on Finland’s science, sport, culture, youth work, health and social welfare sectors. That is why Antti Kurvinen, the Minister of Science and Culture, thinks the income of Veikkaus should be distributed differently, thus transfer it to the state budget. […]
Business
January 12, 2021
Veikkaus Adds Identity Verification for Player Protection
Starting Tuesday, Veikkaus will ask players to verify their identity in order to play slots. The measure will reduce player losses by up to €300 million. “Significant Financial Consequences” As of January 12, Finnish gambling operator Veikkaus will request players verify their identity in order to access its slot machines, as part of a package […]
Business
December 22, 2020
Yggdrasil Extends Veikkaus’ Online Partnership into Retail
Gaming solutions provider Yggdrasil announced today it entered into a deal with Finland’s state-owned gaming operator Veikkaus, signing a Game IP Licensing Agreement. Slot Games for Veikkaus’ VLTs Under the terms of the deal which relates to the retail segment of Veikkaus, Yggdrasil will work in collaboration with the state-owned gaming company to repurpose its […]
Industry
December 17, 2020
Veikkaus To Furlough 800 Employees From January 12
Veikkaus announced Tuesday it will temporarily lay off up to 800 employees from January 12, as the spread of Covid-19 cases rises in Finland. Furloughs Will Occur Gradually Starting January 12 Finnish state-run operator Veikkaus Oy has announced temporary furloughs set to begin in early January due to the Covid-19 pandemic. Earlier this month, the […]
Business
December 6, 2020
Veikkaus Announces Negotiations for Possible Temporary Redundancies
Veikkaus revealed that it initiated discussions which may lead to temporary workforce redundancies. The government-owned betting agency was forced to close its venues in light of recent spikes of positive COVID-19 cases. Veikkaus Warns of Temporary Workforce Redundancies Finnish government-owned betting agency, Veikkaus, announced earlier this week that it has initiated negotiations concerning the function […]
Industry
October 19, 2020
Red Tiger Secures a Partnership with Veikkaus in Finland
Red Tigers has become one of few third-party casino vendors to enter into partnership with Veikkaus and reach new audiences in Finland. Red Tiger and Veikkaus Shake Hands on Content Deal for Finnish Market On October 19, Red Tiger signed a partnership with Veikkaus, launching its full portfolio of products on the Finnish market. With […]