Finland getting ready to provide online gaming
March 3, 2010, 9:14 am (9 years ago)
Online gaming is developing throughout Europe and Finland is the most recent European country getting ready to provide online gaming. The Finnish Slot Machine Association (RAY) and State Lottery
Veikkhaus Oy have authorization to provide online casino, poker and bingo games currently.
The latest licensing regulation is going to give them the opportunity to run online after March 1st, but RAY is not going to start online until August. Veikkhaus Oy and RAY are 2/3 of the gaming in Finland and Finnish supervisory bodies are expecting to keep the monopoly going in Finland. They feel they are not in infringement of any existing EU regulation, in spite of protests from some land based gaming operators in the country.
Kaisa Fahllund, a associate and top of the technology group at the Helsinki office of law firm Hannes Snellman commented: “Basically Finland sticks to its monopoly but the reason that RAY has been allowed to offer these games is so they are able to compete with the foreign operators.”