Finland joins online gaming market
Ray and Veikkaus Oy are two thirds of Finnish state monopoly triad. New licensing laws in the country will allow them to operate online from the 1st March; however RAY has chosen to delay proceedings until the launch in August.
However, operators may need to think again before entering the market as Finnish regulators are keen to keep the monopoly going stating that they are not in violation of current EU law despite protests from some land based operators in the country.
Kaisa Fahllund, a partner and head of the technology group at the Helsinki office of law firm Hannes Snellman said: “Basically Finland sticks to its monopoly but the reason that RAY has been allowed to offer these games is to compete with the foreign operators.”
The expansion of online gaming across Europe seems to be a big trend this year as countries try to capitalize on the success they have seen in Britain. Foxy Bingo, as an example, are heading into Sweden in forthcoming weeks.
Illinois: Waukegan's American Place opens new poker room
Arizona: Casino Del Sol unveils name for new Tucson Grant Road property
Affinity Interactive wraps up enhancements at Las Vegas' Silver Sevens Hotel & Casino
Robinhood enters sports prediction markets with NFL and college football contracts
Pragmatic Play partners with ApuestasX to expand reach in Latin America
Latin America in focus: Why SBC Summit 2025 will be a game-changer for the region
Five startups to compete for €90,000 prize at SBC’s First Pitch competition
Former Liverpool and Leeds star Dominic Matteo to join Safe Bet Show at SBC Summit 2025
