Finland May End Veikkaus Monopoly

This story was published more than 1 year ago.

The government of Finland will start 2023 by investigating whether or not it should ditch its Veikkaus gambling monopoly, this according to Minister of European Affairs and Ownership Steering Tytti Tuppurainen.

Tuppurainen gave an interview with MTV Uutiset, wherein she said that an investigation will start at the beginning of this year to look into whether ending the monopoly is a good idea. The minister indicated that the current government and opposing political parties are both in favor of ending the monopoly and moving toward a multiple-licensed system for operators.

In the interview, Tuppurainen said, "As the minister of ownership, I myself hastened to make a report on a possible transition to a multi-license system. It is only a good thing that the opposition also shares this perception."

She then went on to say that she'd prefer a report on how to move on from the monopoly to a multiple vendor market before the next general election, which is to be held on April 2nd.

"There are parliamentary elections next spring, and it would be ideal that by the time of the government negotiations, we would have enough information to be able to make policies in the government negotiations," she said.

Veikkaus currently operates as the sole gambling body sanctioned to offer betting services to Finns, although there are a number of unlicensed sites that offer online betting services to punters in the country and are not subject to the country's gambling laws.

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About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.