Veikkaus Could End Table Game Offering

Finnish gambling monopoly Veikkaus is reportedly thinking about dropping table games in a land format due to competition from online betting sites, which are increasingly taking business from the standard games.

Veikkaus has 187 gaming tables throughout the country, with the games being distributed to casinos, restaurants, and bars. The games have been available for years, but online competition is creeping in and revenues have shrunk for an extended period. No timetable for the shutdown is known, but it's likely that the games will be phased out slowly.

At the same time, Veikkaus announced that they're planning to lay off more than 400 employees, with 200 being from the capital city of Helsinki. The country operates with the monopoly scheme, and while it appears to be suffering in the wake of offshore groups. Despite this, the monopoly will stay in place, and the public still supports the scheme that's in place.

We'll update readers as we learn more about the potential pullout.

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