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Veikkaus Dismisses Reports of €11B Turnover

Published

5 years ago

October 29, 2019

Niji Narayan

Veikkaus Dismisses Reports of €11B Turnover

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Finnish gambling monopoly Veikkaus has rejected the media reports which claimed that the players in Finland have wagered €11 billion on the operator’s gambling machines.

The reports of higher spending on gambling machines saw critics pointing out at Veikkaus’s inefficiency in controlling gambling addiction. However, the gambling operator dismissed all such reports and said that it misrepresents the actual sales figures. The company said that its turnover for 2018 was about €840.3 million which is far from €11 billion according to the media reports.

Regina Sippel, CFO of Veikkaus, said the media’s figures also included the winnings of the players that were then wagered once more without being withdrawn.

The first six months of 2019 have not been great for the state-run Finnish Gambling monopoly Veikkaus. It has been embroiled in controversies and had been facing criticisms for being lax in implementing social responsibility measures.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.