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VEIKKAUS PRESENTS STRONG RESULTS ON 70TH ANNIVERSARY
Posted 2/23/11 : Rapid growth of 25 percent in online gaming expected to continue throughout 2011
The Finnish state-controlled gaming operator Veikkaus presented a strong performance when it released its 2010 results this week.
The firm announced that it experienced exceptionally strong performance in the European gambling market which it attributed to its investment in customer relationships and efficient utilisation of customer information with regard to products and services.
Key Performance Indicators:
- Betting reached an all time high in the company’s history with a recorded turnover of
Euro 1 689.9 million an increase of 8.5 percent.
- The company reported that online gaming showed the fastest growth of 25 percent.
- Net profit was Euro 503.7 million.
- Betting results contributed Euro 462.7 million to the Education and Culture Ministry to be distributed to Finnish arts, sports, science and youth work.
The company anticipates the good economic development to continue despite changes in the operating environment with online gaming expected to continue its rapid growth.
In related news Veikkaus announced the launch of a new android device betting application.
The application will enable smartphone users to check on the latest betting results and follow sports news amongst other features.
Mikko Mattinen, Marketing Director, Veikkaus said: "Android smartphone applications complement our range. We are now able to serve new customers who enjoy betting on the most popular smartphones.
The Veikkaus application is offered free to download from the Google Android Market for Android phones, in addition to Nokia smartphones and the iPhone.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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