Profit spent on charities

Majority of Finns support state-run gambling monopoly

Even though most of the people associate casinos with Las-Vegas, the European heart of gambling is located in Sweden, Norway, Denmark and Finland.
2017-02-15
Reading time 1:06 min
Even though most of the people associate casinos with Las-Vegas, the European heart of gambling is located in Sweden, Norway, Denmark and Finland.

While some countries are trying to work out various mechanisms that limit the amount of the casinos, countries as Finland are keeping all of the casino profits in the state-owned hands. 

According to the recent report by Netticasino.biz, over 65% of the respondents prefer having the gambling market in the hands of the state. The main reason is that the profit driven from the online and offline gambling and sports betting is actually spent on the charities.

Furthermore, the older population and, especially its feminine part, strongly supports the government monopoly on the gambling business. On the flipside, younger males are much more in favour of opening up the business for the privately held gambling operators.

Apart from disallowing international casino companies to enter the territory of Finland, the country also worked hard to consolidate the whole gambling market under a single wing

Today, there is only one company that controls all of the betting activities, including casinos, lotteries, horse racing and more. Just a year ago there were three different, yet state owned companies that were focusing on each of those services: RAY, Veikkaus and Fintoto.

As many people comment, the main reason why Finnish people do want to keep this industry, or actually any other industry, in the hands of the state is pretty simple. Finish people trust their government. Hence, the people are certain that the government will be able to bring in more advantages with the gambling profits than the private companies would.

 

Leave your comment
Subscribe to our newsletter
Enter your email to receive the latest news
By entering your email address, you agree to Yogonet's Terms of use and Privacy Policies. You understand Yogonet may use your address to send updates and marketing emails. Use the Unsubscribe link in those emails to opt out at any time.
Unsubscribe
EVENTS CALENDAR