finnish-consumer-authority-says-veikkaus’-revenue-should-go-to-treasury

Finnish Consumer Authority Says Veikkaus’ Revenue Should Go to Treasury

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The Finnish Competition and Consumer Authority (KKV) has published its final report into the country’s state gambling monopoly, Veikkaus.

The authority has concluded that Veikkaus’ revenue should go to the Finnish treasury rather than specific ministries and that Veikkaus should be placed under the power of the Ministry of Social Affairs and Health.

More than half of Veikkaus’ revenue currently goes to the Ministry of Education and Culture to fund sports, science and arts, while 43% goes to the Ministry of Social Affairs and Health. The remaining 4% goes to the Ministry of Agriculture and Forestry as funding for horse racing.

The KKV said this meant that initiatives to reduce gambling harm could lead to underfunding in the other areas. It suggested that all revenue should go to the treasury instead to ensure predictability and stability in funding.

Research professor Mika Maliranta said: “If active efforts are made to reduce gambling disadvantages, Veikkaus beneficiaries will not be able to anticipate their funding, as reducing gambling disadvantages is likely to have an impact on the amount of Veikkaus revenues distributed to beneficiaries.

“On the other hand, if the gambling monopoly does not actively seek to reduce harm, the monopoly system does not meet the purpose or justification of the law. This contradiction has hampered the social debate about Veikkaus’ responsibility.”

The report also recommends that Veikkaus’ governance should come under the Ministry of Social Affairs and Health (STM) instead of the Prime Minister’s Office.

It said: “STM is already responsible for monitoring, researching, evaluating and developing prevention and treatment of gambling disorders. Thus, it would be best placed to steer the company in a direction where gambling causes less harm to individuals and society.”

finnish-consumer-authority-says-veikkaus’-revenue-should-go-to-treasury

Finnish Consumer Authority Says Veikkaus’ Revenue Should Go to Treasury

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The Finnish Competition and Consumer Authority (KKV) has published its final report into the country’s state gambling monopoly, Veikkaus.

The authority has concluded that Veikkaus’ revenue should go to the Finnish treasury rather than specific ministries and that Veikkaus should be placed under the power of the Ministry of Social Affairs and Health.

More than half of Veikkaus’ revenue currently goes to the Ministry of Education and Culture to fund sports, science and arts, while 43% goes to the Ministry of Social Affairs and Health. The remaining 4% goes to the Ministry of Agriculture and Forestry as funding for horse racing.

The KKV said this meant that initiatives to reduce gambling harm could lead to underfunding in the other areas. It suggested that all revenue should go to the treasury instead to ensure predictability and stability in funding.

Research professor Mika Maliranta said: “If active efforts are made to reduce gambling disadvantages, Veikkaus beneficiaries will not be able to anticipate their funding, as reducing gambling disadvantages is likely to have an impact on the amount of Veikkaus revenues distributed to beneficiaries.

“On the other hand, if the gambling monopoly does not actively seek to reduce harm, the monopoly system does not meet the purpose or justification of the law. This contradiction has hampered the social debate about Veikkaus’ responsibility.”

The report also recommends that Veikkaus’ governance should come under the Ministry of Social Affairs and Health (STM) instead of the Prime Minister’s Office.

It said: “STM is already responsible for monitoring, researching, evaluating and developing prevention and treatment of gambling disorders. Thus, it would be best placed to steer the company in a direction where gambling causes less harm to individuals and society.”

denmark’s-gambling-revenue-declines-9.3%-in-2020

Denmark’s Gambling Revenue Declines 9.3% in 2020

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According to the latest figures from Spillemyndigheden, Danish gambling revenue fell 9.3% to DKK5.96bn ($971.8m) in 2020.

Online casinos, the only vertical unaffected by lockdown measures or sporting cancellations, posted year-on-year revenue growth. However, the 5.0% year-on-year rise in revenue to DKK2.45bn was the lowest increase for online casinos since the Danish igaming market opened for business in 2012.

In terms of products, online slots contributed DKK1.82bn or 74.4% of the vertical’s total. Roulette followed in a distant second on DKK231.9m (9.5%), with blackjack in third on DKK166.6m (6.8%).

All other verticals reported year-on-year declines.

north-esports-dissolving-due-to-covid-19-financial-impact

North Esports Dissolving Due to COVID-19 Financial Impact

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The owners of North Esports have announced that the Danish organisation will be dissolved due to the economic impact of the COVID-19 pandemic.

North Esports is a joint venture between entertainment company Nordisk Film and Danish football club FC Copenhagen owner Parken Sport & Entertainment. However, the parent companies said the negative financial impacts of the global pandemic led to a decision to discontinue investing in the esports space together.

North fielded teams and players in several games. Their Counter-Strike: Global Offensive (CS:GO) team won multiple DreamHack events and the organisation also competed Apex Legends and FIFA. According to the announcement, the FIFA players will stay under the direction of FC Copenhagen to remain a part of the eSuperliga while the other teams will be gradually dissolved.

“We have searched the market to get one or more co-investors on board, but unfortunately have not found the right match. It will take significant continued investment to create a sustainable business in the future and therefore we believe that the only responsibility for our overall business is to focus all on our core business in F.C. Copenhagen, Parken and Lalandia, just as Nordisk Film will focus on its large core and growth businesses,” Lars Bo Jeppesen, CEO of Parken Sport & Entertainment, said in a statement (translated from Danish).

“It’s still uncertain when a reopening after Covid-19 is realistic so we can get customers back. There is still potential in e-sports and gaming, but the time horizon is long and uncertain, and Covid-19 has moved the time horizon further into the future according to our assessment, as both esports and the sports industry as a whole are hit hard financially.”

sportech-extends-agreement-with-danske-spil

Sportech Extends Agreement with Danske Spil

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Sportech Racing and Digital, a division of Sportech PLC, has announced that it has signed a multi-year extension to its technology licensing and services agreement with Danske Spil, the National Lottery Company of Denmark.

As per the deal, Sportech will supply Danske Spil with its Quantum System Tote pari-mutuel betting solution.

In addition to the Quantum System software, Sportech will also provide enhanced operational tools, such as a consolidated interface for data and wagering, and will upgrade Danske Spil to Sportech’s latest-generation online pools betting platform.

“Sportech is delighted to extend our business relationship with our valued client, Danske Spil. We have worked for many years to deliver Tote solutions that help Danske Spil achieve their objectives. The recently completed integration to allow horse racing to be offered via a large number of Danske Spil lottery outlets is one example of these solutions. We look forward to pursuing new avenues of growth with Danske Spil well into the future,” Bruno Gay, Sportech’s Senior Vice President Sales and Business Development EMEA, said.

“The team at Sportech have been responsive to the needs of Danske Spil as we pursue our growth and sustainability objectives, and their technology solutions provide a strong platform upon which to expand our delivery of pools betting on horseracing in Denmark. We were happy to extend our contract and look forward to pursuing further new initiatives with Sportech,” Niels Erik Folmann, CEO of Danske Spil, said.

comeback-of-casinopanett.eu-for-norway

Comeback of Casinopånett.eu for Norway

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Casinopånett.eu is an innovative project that was originally initiated in 2014. Now, in 2020, Scanteam.pro has chosen to relaunch this project. But why now? The answer is because Casinopånett.eu has the potential to offer exciting benefits to the iGaming industry. It will do this by providing a platform that incorporates the latest technology, alongside a revised design and improved usability. Thanks to all this, players can access honest and reliable information and reviews to help guide their gaming choices.

As part of the reform of this project, the structure and functionality of the platform have been addressed to offer users a better experience from the moment they land at Casinopånett.eu. Surfing the site will be easy thanks to its new user-friendly design. Users will find it simple to switch between the many different tabs containing up-to-date information and reviews on topics such as online casinos, mobile casinos, betting sites, bonus offers, latest news, and much more. At Casinopånett.eu, we aim to provide reliable, honest, and extremely pertinent information about all aspects of gambling.

Innovation from Casinopånett.eu

The relaunch of Casinopånett.eu is an innovative one. The platform aims to give Norwegian players access to trustworthy information that will form a detailed guide to safe and trustworthy online casinos. The platform will make it easy for players to discover Norwegian online casinos based on their interests and preferences. Aside from reviews from experts in the field, experienced players will also be able to share their opinions on the platform so that other casino gamblers can use them to make the right choice.

The site will always be updated with detailed reviews regarding the best Norwegian casinos online as well as the newest online casinos, and the latest bonuses and promotions available to Norwegian players. This way, players will always have access to any updates at the best Norwegian casinos. The site will not let players try out free slot games instead, players will be provided with useful tips on how they can play new slots online. Besides casino reviews, the site will also feature complete and relevant information about various sportsbook sites and what they have to offer players.

Social Networks Launch

For its services to reach every gambler in the iGaming world, Casinopånett.eu has developed a few social network channels to make sure their readers stay tuned on all the happenings in the iGaming industry. Channels include Pinterest, Twitter, and YouTube. On these channels, players will find experts in the field discussing all a player needs to know to make their journey into the world of iGaming a wonderful one. These channels will also give access to the latest articles so players can stay up-to-date with all the events occurring in the gambling industry.

The team will be providing honest reviews on live casinos, the latest bonuses and promotional offers, new slots, and so much more. They will also help players find the best Norwegian casinos with the highest payouts through detailed reviews, all so that players can access casinos that will offer them the best online gambling experience. In short, the social channels were designed to create a large forum where players can socialise and interact. Players will benefit a lot from these channels as they can share and exchange relevant ideas with other players.

What is Casinopånett.eu All About?

Casinopånett.eu’s was launched by Scanteam.pro – a team of professionals and experts in the field of gambling. They are prepared to use their knowledge to help other gamblers around the world, and they have created this platform to allow them to do so. The site provides reliable information – it does not recommend casino brands or games that are not reputable. All casinos and sportsbooks that are listed on the site have been carefully examined based on reviews, comments, and voting from other gamblers. With this information, players will be able to access unbiased opinions.

When Casinopånett.eu’s expert team are analysing casinos and sportsbooks, they pay attention to all the important aspects starting from payment methods, site’s usability, security, licensing, and so on. The site will outline to players the pros and cons of each casino so they can make a better decision on which casino to join. The site will be updated regularly so that players can have access to the most recent information regarding the relevant features about online casino gaming.

igt-launches-igt-playrgs-and-igt-playcasino-content-with-finland-state-lottery

IGT Launches IGT PlayRGS and IGT PlayCasino Content with Finland State Lottery

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International Game Technology PLC (IGT) has announced that a subsidiary has successfully launched its IGT PlayRGS (remote game server) solution and IGT PlayCasino content with Veikkaus Oy (Veikkaus), Finland’s state lottery operator and World Lottery Association member.

“IGT PlayDigital’s solution enables Veikkaus to provide its players with best-in-class online content, including IGT’s top-performing PlayCasino games. This solution ensures that Veikkaus can offer the games players want while responsibly growing our digital programme to serve our players with the best customer experience and safest online casino available,” Jan Hagelberg, Veikkaus Vice President for Casino Games, said.

“IGT PlayDigital’s vast portfolio of proven solutions, combined with our extensive experience in the government-regulated digital gaming market, will enable Veikkaus to significantly enhance player engagement. By adding our powerful PlayRGS solution and player-tested PlayCasino digital content to its offering, Veikkaus is re-affirming its status as one of the most technologically advanced operators in the world,” Enrico Drago, IGT Senior Vice President, PlayDigital, said.

In addition to introducing its PlayRGS solution and PlayCasino content, IGT provides Veikkaus with its PlayBingo (digital bingo) solution, core lottery central system, sports betting and land-based slot machines.

spillemyndigheden-issues-new-guidance-to-operators-ahead-of-brexit

Spillemyndigheden Issues New Guidance to Operators Ahead of Brexit

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Spillemyndigheden, Denmark’s gambling authority, has issued new guidance to operators ahead of the UK exiting the European Union next month.

The transitional agreement between the UK and the EU will end on 1 January next year, meaning operators headquartered in Great Britain will face different rules for offering online gambling in Denmark.

Licensees residing or established outside EU or European Economic Area (EEA) countries will only be permitted to offer online gambling in Denmark if they have appointed a representative.

Spillemyndigheden said it is the responsibility of the licence-holder to ensure that their representative is either resident or established in Denmark or another EU or EEA country.

As such, the regulator said GB-based operators that hold a licence in Denmark must now seek to work with a representative to continue to offer gambling in the country.

playtech-agrees-online-casino-and-vlt-games-deals-with-norsk-tipping

Playtech agrees Online Casino and VLT games deals with Norsk Tipping

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Playtech, the world’s leading gambling technology company, today announces the signing of two new agreements to supply Norway’s national gaming operator Norsk Tipping with a range of Online Casino and Video Lottery Terminals (VLT) products. Both agreements follow two public procurement processes by Norsk Tipping.

These agreements further extend the long-term strategic partnership between Playtech and Norsk Tipping. Playtech has supplied Online Casino games to the operator since 2016 and VLT platforms, games, terminals, and services since 2003. The signing of the agreements will see this partnership extended and expanded within each product area.

The new online casino agreement means Norsk Tipping will be able to access Playtech’s ever increasing range of new and innovative online casino games, coming from its strong line-up of Playtech game studios including Origins, Quickspin, Vikings, Rarestone and Ash.

The VLT games agreement will see Playtech deliver its range of VLT games to Norsk Tipping’s terminals located throughout Norway. Playtech will supply its best performing VLT content to the market and will also work closely with Norsk Tipping to create unique custom content for the Norwegian market.

Shimon Akad, Chief Operating Officer at Playtech, said: “Playtech content has proven to be very popular with Norsk Tipping’s players. We are excited to continue supplying our strong roadmap of content to them as part of developing a market-leading, modern and responsible online and retail game offering to their players”.

“These new agreements are also a testament to our strength in games content for online casino and VLT retail markets, including the highly regulated and responsible-gaming oriented markets of Norway and the Nordic region. It also highlights our strategy of focusing on long-term partnerships with leading operators in regulated markets.”

Hans Erland Ringsvold, Head of Gaming Operations at Norsk Tipping, added:” We are excited to continue our partnership with Playtech and look forward to launching their strong roadmap of online casino and VLT games on our platforms. We are confident that Playtech’s proven VLT and online casino expertise in a wide range of regulated markets will continue to provide great value for Norsk Tipping and support us in the delivery of our overall content strategy”.

betsson-sweden-launches-“supporter-auction”-initiative-to-provide-financial-support-to-hockey-clubs

Betsson Sweden Launches “Supporter Auction” Initiative to Provide Financial Support to Hockey Clubs

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Betsson, together with SHL, has launched a “Supporter Auction” initiative to provide financial support to the hockey clubs in Sweden.

Several unique collectibles are available on the online auction site Tradera and all the money will go to the clubs. Approx. 100 items will be auctioned on Tradera as a way to enable supporters to back their team in this special way. The initiative also encourages supporters and former players to join and look for any old treasures they may have that can be put up for the auction.

“We have been the head sponsor of SHL since 2018 and even though we continue as usual in many ways, it is impossible to ignore the fact that perhaps the most important ingredient is missing. In the wake of covid-19 and the fact that the clubs in the SHL now play with greatly reduced audiences, we feel that our role as a sponsor is more important than ever. That is why we, together with SHL, have created the Supporter Auction initiative. Partly to raise money for each club, partly to enable supporters to get their hands on unique hockey gems, but also to increase the engagement in Swedish ice hockey during these challenging times,” Robin Olenius, PR manager at Betsson, said.