Finland Proposes Partial Liberalization of Gambling Market Allowing Private Slot Machine Operators
Published Nov 15, 2023 | Updated Apr 01, 2026 | 1 min read
The Finnish government has introduced a legislative proposal to partially liberalize the country’s gambling market by permitting private companies to operate slot machines alongside the existing state monopoly. Under the plan, the state-owned Veikkaus will continue to hold exclusive rights to all other forms of gambling, while a new model for slots will be implemented to address ongoing market challenges. The current monopoly on slot machines, operated by RAY, has faced criticism for contributing to gambling problems, prompting authorities to seek alternatives. This policy shift aims to curb illegal gambling and introduce competition in one of the gambling segments. The government intends for the new law to be enacted in 2024, marking a significant change in Finland’s gambling regulations. The proposal follows lengthy public and political debate, reflecting concerns over the social impact of gambling and the sustainability of the monopoly system.
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