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Finnish Competition Authority Upholds Current Lottery Licensing Framework

The Finnish Competition and Consumer Authority (FCCA) has announced it will not take further action regarding the existing lottery licenses held by the Finnish Slot Machine Association (RAY) and the Finnish National Lottery. Following a careful review of market competition and regulation, the authority has decided that the current arrangements sufficiently comply with competition rules and do not require additional intervention. This decision affirms the stability of Finland's lottery market under the current regulatory regime. The ruling aims to preserve the status quo amid ongoing discussions about gaming market oversight and licensing policies in Finland. The FCCA's move highlights a commitment to evaluating market dynamics without disrupting established licensure unless necessary.

Aegis Insights Jul 20, 2023 1 min read

Finnish Government to Dissolve Veikkaus and Restructure Gambling Operations in 2024

The Finnish government announced on April 12, 2023, its decision to dissolve Veikkaus Oy, the state-owned national gambling company, and transfer its gaming business to a newly established limited liability company owned by the Ministry of Finance. This step is part of a broader plan to restructure the Finnish gambling sector, aiming to clarify and focus gaming activities while separating lottery and social cause fundraising functions. The restructuring efforts reflect a commitment to enhance social responsibility in gambling operations and increase efficiency within the sector. The new company will be organized under the direction of the Ministry of Finance, which will oversee its management and operations. The government expects to complete the implementation of these changes during 2024, aligning with Finland's regulatory and public policy goals related to gambling management.

Aegis Insights Apr 12, 2023 1 min read