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Kasinopartio: Finland Next To Regulate The Casino Market

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Kasinopartio: Finland Next To Regulate The Casino Market
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The casino industry has always been subject to strict regulation and in most countries the state was the first to take care of offering casino games to its citizens. Due to international and national pressure, many countries have opened their monopolies to foreign operators. Finland and Norway are still two exceptions with state-owned casinos being the only ones entitled to offer gambling products.

In its Q3 2022 interim report Finnish state owned Veikkaus reported that it would no longer be able to cope with the growing competition from international online casino operators, as it has been losing its market share at an increasing pace. According to the company, the government needs to open the casino market to offshore operators. Research done by Kasinopartio show new gambling regulations seem to be in the making favouring international casino brands.

Parliamentary Elections 2023

Parliamentary elections are coming up in Finland on April 2nd. Regulating the casino industry is not considered one of the main topics, but the positions in the political field are clear. Right-wing conservatives are ready to open the casino industry to competition, and among the smaller right-wing parties, the Swedish People’s Party is also on the side of allowing competition. Amongst left-wing parties, we find the Social Democratic Party, which won the 2019 elections, and has also unexpectedly changed its position after Veikkaus’ 2022 output, open to discuss a potential opening of the online casino industry. The smaller left-wing party, the Left Alliance, is still in favour of the current monopoly.

“All major parties clearly have the will to open the Finnish online casino market, so the elections are not expected to change this. The only thing likely to be affected by the upcoming elections is the schedule for the new regulation to come into force. With this in mind, it seems that after the formation of the government, it will take another 2-3 years for the new regulation to enter into force. Most likely in 2025 or 2026, the Finnish gambling market will have opened up for competition.” Kasinopartio in an official statement on the Finnish online gambling market

Benchmarking Studies

As different countries in the EU have opened their gaming markets in recent years, diverse case studies wait ahead. Since a new government still needs to be formed in Finland, the details of the expected change in the gambling monopoly are still to be discussed. What seems certain, however, is that Finland is willing to learn the best lessons from the processes of other countries. The Finnish online casino experts of Kasinopartio believe that Finland will use neighbouring Sweden as an important source of inspiration. Online gambling has been legal in Sweden since 2002. The Swedish gambling law went through major changes between 2002 and 2018 leading to the online casino and sports betting market to open up for private companies.

Central Europe

Hipther’s Autumn Flagship Event Rebranded to GamingTECH CEE – Don’t Miss the Early Bird Offer!

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Hipther’s Autumn Flagship Event Rebranded to GamingTECH CEE - Don’t Miss the Early Bird Offer!
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The #hipthers are thrilled to announce the biggest edition and rebranding of Hipther Agency’s renowned flagship event for the Central and Eastern European region: the CEEGC Budapest gets a fresh makeover and becomes the GamingTECH CEE Summit Budapest!

The hugely successful event series in Budapest has cemented the hipthers’ leadership in the region of Central and Eastern Europe, embraced by the iGaming and Tech industry professionals locally and beyond.

GamingTECH CEE, formerly known as CEEGC, has a 7-year tradition of being the leading event in the Central and Eastern European region during Autumn. The conference brings together key players in the gaming industry, providing a wealth of valuable information and opportunities for quality networking. Furthermore, the GamingTECH Awards recognize and celebrate the most innovative and successful companies in the region.

GamingTECH CEE 2023 will take place on 26 September at the Ritz-Carlton, Budapest, while the hipthers will be offering Early Registration and Welcome Drinks on the 25th, to help participants break the ice, connect with new and old friends, and relax before the knowledge-packed conference.

The final Conference Agenda is to be announced, with the current draft promising insights about the future of Gaming in the Central and Eastern Europe, Compliance Challenges and Opportunities, Responsible Gaming, Blockchain, AI and Machine Learning, as well as Networking Sessions and the Evening Social Gathering to close the event in style and togetherness!

Zoltan Tuendik, Co-Founder and Head of Business of Hipther, stated about the upcoming event: “We are embracing the boundless possibilities of the future and the transformative power of technology in the gambling industry. Through the rebranding of CEEGC Budapest to GamingTECH CEE Summit Budapest, we herald a new era of excitement, innovation, and limitless potential. Join us this September in Budapest to explore the frontiers of gaming technology, as we pave the way for a future that will revolutionize the way we play, engage, and win”.

GamingTECH CEE 2023 Registration is Now Open!

→ Don’t Miss the Early Bird Rates & Stay Tuned for the Combo Pass that is coming soon!

 

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Asia

Meet BetConstruct at G2E Asia in Singapore

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Meet BetConstruct at G2E Asia in Singapore
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BetConstruct is set to turn some heads with its cutting-edge products and solutions at the upcoming G2E Asia being held May 30 – June 1, in Singapore.

G2E Asia is one of the premier events in the iGaming market for major stakeholders and players to explore the latest trends, innovations, and business opportunities in the Asian gaming sector. The event will centre around networking, knowledge sharing, and collaboration opportunities for key executives in the industry.
BetConstruct will use this medium to unveil its latest advancements in gaming technology and bring its extensive portfolio of cutting-edge products and solutions, aimed at revolutionising the gaming experience.

The main highlights of the event include the groundbreaking Fastex ecosystem with innovative ftNFT terminals and Esports-focused Sportsbook solutions. The ftNFT terminal is a state-of-the-art solution allowing visitors to buy and sell NFTs right from the spot. Additionally, with the Esports industry experiencing immense growth, BetConstruct’s sports betting solution provides operators dynamic and engaging Esports betting experience with its live streaming capabilities, real-time odds and extensive market coverage.

Visitors can also explore BetConstruct’s land-based offerings at its dedicated corner, as well as learn more about FeedConstruct products and how to implement them in their business.

BetConstruct will showcase its vast catalogue of offerings at stand B1307 in Marina Bay Sands from May 30 to June 1. All visitors are welcome to join one of the biggest iGaming events in the area and engage in the pool of possibilities.

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Relum Partners with Gamzix

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Relum, the leading supplier of innovative API solutions, has partnered with Gamzix, a slot games provider recognised for youthful energy and creativity.

Gamzix is a rapidly expanding international game developer. They swiftly won recognition in the industry by launching their game engine within just five months of inception. Since then, their high-performance team has produced more than 50 compelling games. The Gamzix portfolio shines with a vibrant collection of slot machines and crash games that captivate players with incredible graphics and immersive soundscapes.

The Relum team believes in the value of diversity in gaming offerings. The portfolio of over 14,000 games testifies to Relum’s commitment to serving the broadest range of player preferences. By integrating Gamzix’s high-quality slots, Relum continues to enrich this assortment and provide even more entertainment choices through its aggregation.

Relum’s advanced promotional and analytical tools will work in tune with Gamzix’s games. Their slots offer high payouts and large jackpots, and Relum’s engagement tools will amplify the thrill of winning for players and enhance the attractiveness of Gamzix’s offerings. Furthermore, the “mobile-first” strategy of Gamzix resonates strongly with Relum’s vision of flexible and convenient gaming. Their best efforts will ensure an unmatched gaming experience for mobile users, perfectly optimised for the small screen.

‍Emil Hakobian, CEO of Relum, said: “The dedication of Gamzix to creativity, quality, and innovation speaks to us. We look forward to offering their variety of slots through our game aggregation.”

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