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Finland Online Gambling Monopoly

2/17/10 - Warnings by the European Commission as far back as 2006 that Finnish state gambling monopolies are in conflict with EU principles of free movement of goods and services appear to have gone unheeded by the Finns, judging by this week's news that RAY and Veikkaus Oy have been given the green light to exclusively offer online action.
RAY (the Finnish Slot Machine Association) and state lottery Veikkaus Oy are the main state gaming monopolies, and will be allowed to launch online poker and casino games when new and exclusive licensing legislation comes into force early next (March) month.
The monopolistic nature of the two local companies has been largely backed by the Finnish judiciary despite EC opinions and litigation by foreign competitors.
In September last year the Finnish parliament debated legislation seeking to prohibit all forms of gambling advertising including event and sports player sponsorship and branding....even where no reference is made that could be construed as enticing to gamble. The legislation was strongly supported by state and public in Finland, favouring the three monopolies Veikkaus Oy, RAY and Finntoto.
The proposals have their roots in Finnish Supreme Court recommendations following legal actions by foreign gambling companies seeking to open up the market. The monopolies were attacked for marketing gambling offers whilst justifying the monopoly on grounds of the public wellbeing and safety.

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Gambling News :

Yggdrasil Gaming Expanding - The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.

FanDuel and DraftKings Settle With NY Attorney General - Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.

Stan james Now Live With EPOS - The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.

Singapore Online Gambling Ban Begins - Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.

Chinese police action against Crown Resorts Widens - In addition to the 18 Crown employees still held after their arrest last week, it now appears that the police questioned 87 Crown punters and junket organizers, detaining 10 of the latter.

Pennsylvania Online Gambling Updates - Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.

WSOPE In Czech Republic - World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.

Medialivecasino in Deal With Microgame - #Medialivecasino live dealer games have already gone live with Microgame joining content from other well-known providers NetEnt and Evolution Gaming.

BtoBet Partners with AfroBet - Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.

Pissed off Tabcorp shareholders - A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.

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