Latest News
Finnish Consumer Authority Says Veikkaus’ Revenue Should Go to Treasury

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.”
-
Africa7 days ago
EGT Digital continues to hit milestones in Africa
-
Asia7 days ago
Skyesports Pro League CS2 Playoffs Announced: Top Four Teams Set to Compete for the Title
-
Asia6 days ago
Parimatch Hosts Rooftop Meet & Greet with Sunil Narine
-
Interviews7 days ago
Irina Laivina, Media 24: “Our content is meant to educate and entertain”
-
Asia7 days ago
Asia Pioneer Entertainment’s Partners win industry awards at Asia Gaming Awards 2025
-
Compliance Updates7 days ago
EGBA Backs CJEU Ruling in Gambling Law Case
-
Asia4 days ago
Jetapult-backed UMX Studios launches DriftX, a mobile car racing game
-
eSports7 days ago
F1 Esports: Scuderia Ferrari HP in the hunt for the world titles