{"id":8944,"date":"2024-07-11T19:15:17","date_gmt":"2024-07-11T19:15:17","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=europe&#038;p=8944"},"modified":"2024-07-11T19:15:18","modified_gmt":"2024-07-11T19:15:18","slug":"finland-does-not-want-money-to-continue-escaping-and-relaxes-with-veilkauss-oy","status":"publish","type":"europe","link":"https:\/\/www.mundovideo.com.co\/en\/europe\/finland-does-not-want-money-to-continue-escaping-and-relaxes-with-veilkauss-oy\/","title":{"rendered":"Finland does not want money to continue escaping and relaxes with veilkauss oy."},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Finland will begin a consultation period to open up the country to private gambling operators, the country\u2019s Ministry of the Interior has announced.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At present, the government-owned <a href=\"https:\/\/www.mundovideo.com.co\/europa\/finlands-state-owned-operator-increases-profits-by-3-and-protects-players\" target=\"_blank\" rel=\"noreferrer noopener\">Veikkaus Oy<\/a> has a monopoly on all gambling activity within the country. However, if current plans proceed, that could soon change, with private companies able to apply for licenses to run a variety of gambling operations in the country, including online casino games.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/www.youtube.com\/watch?v=4d0WZjXrn98&amp;t=29s\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/www.mundovideo.com.co\/assets\/feria24\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl.png\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The law change has been prompted by a recent surge in illegal gambling activity through offshore sites which are easily accessible to most Finns. The government hopes that by increasing the amount of legal routes available to gambling, players will be protected from illegal operators. A report in 2023 suggested that Finns spend \u20ac500m ($541.7m) a year gambling on foreign-owned sites.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.mundovideo.com.co\/europa\/finlands-government-aspire-to-the-creation-of-a-regulated-gambling-market-by-2026\" target=\"_blank\" rel=\"noreferrer noopener\">Finland\u2019s government aspire to the creation of a regulated gambling market by 2026.<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Marketing restrictions for new licensees<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.mundovideo.com.co\/assets\/international\/finland-does-not-want-money-to-continue-escaping-and-relaxes-with-veilkauss-oy2.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The regulations associated with the new licenses given will require players to provide proof of identification and address, which is already required with the state operator. There are also additional restrictions stipulated, such as a ban on bonuses \u2013 something which is already in place in neighboring Sweden. A self-exclusion program will also be a condition of the licensing, as well as signing up to a centralized register of banned accounts, requiring license-holders to co-operate on customer limits.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Heavy restrictions on advertising and marketing are also expected to be a major feature of the plans. While no outright ban on gambling advertising has been proposed, one notable restriction is to prevent influencers from advertising gambling services on their social media channels.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Changes for state-owned operator<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There are also changes planned for the future of <a href=\"https:\/\/www.mundovideo.com.co\/europa\/finlands-state-owned-operator-increases-profits-by-3-and-protects-players\" target=\"_blank\" rel=\"noreferrer noopener\">Veikkaus Oy<\/a>, with the state given greater control over its future ownership in a restructuring effort. However, at the same time, the bill allows for the state to give up some of its share in the operator at a future date.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.mundovideo.com.co\/europa\/finlands-state-owned-operator-increases-profits-by-3-and-protects-players\" target=\"_blank\" rel=\"noreferrer noopener\">Veikkaus Oy<\/a> will also be banned from advertising any physical gambling<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.mundovideo.com.co\/assets\/international\/finland-does-not-want-money-to-continue-escaping-and-relaxes-with-veilkauss-oy3.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Despite the plans for liberalization of the country\u2019s gambling laws, there will still be some space where <a href=\"https:\/\/www.mundovideo.com.co\/europa\/finlands-state-owned-operator-increases-profits-by-3-and-protects-players\" target=\"_blank\" rel=\"noreferrer noopener\">Veikkaus Oy<\/a> will retain an effective monopoly, on both lotteries and physical gambling games such as slot machines and scratchcards. <a href=\"https:\/\/www.mundovideo.com.co\/europa\/finlands-state-owned-operator-increases-profits-by-3-and-protects-players\" target=\"_blank\" rel=\"noreferrer noopener\">Veikkaus Oy<\/a> will also be banned from advertising any physical gambling.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The bill will also fundamentally change the nature of regulatory oversight in the country. Currently, the National Police Board is responsible for controlling gambling activity, but the bill proposes a supervisory agency to be run by the Ministry of Finance for managing the regulations. The new board would issue fines and penalties, award and rescind licenses, and decide which specific games are permitted, among other duties.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.mundovideo.com.co\/assets\/international\/finland-does-not-want-money-to-continue-escaping-and-relaxes-with-veilkauss-oy.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The consultation is intended to run until August 18, 2024. If all goes to plan, the Ministry of the Interior has advised that the bill is expected to be submitted to parliament early in 2025. Licenses would be open for applications from 2026, with the full market opening up in 2027 for licensed operators, when <a href=\"https:\/\/www.mundovideo.com.co\/europa\/finlands-state-owned-operator-increases-profits-by-3-and-protects-players\" target=\"_blank\" rel=\"noreferrer noopener\">Veikkaus Oy\u2019s monopoly<\/a> is set to come to an end.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finland will begin a consultation period to open up the country to private gambling operators, the country\u2019s Ministry of the Interior has announced. At present, the government-owned Veikkaus Oy has a monopoly on all gambling activity within the country. However, if current plans proceed, that could soon change, with private companies able to apply for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8945,"menu_order":261,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-8944","europe","type-europe","status-publish","format-standard","has-post-thumbnail","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Finland does not want money to continue escaping and relaxes with veilkauss oy. - Mundo Video Entertainment | Casino News in Latin America and the World<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mundovideo.com.co\/en\/europe\/finland-does-not-want-money-to-continue-escaping-and-relaxes-with-veilkauss-oy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finland does not want money to continue escaping and relaxes with veilkauss oy. - Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:description\" content=\"Finland will begin a consultation period to open up the country to private gambling operators, the country\u2019s Ministry of the Interior has announced. 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