Connect with us

Latest News

Finland Stops Anonymous Gambling

Published

on

 

In the gambling world, Finland is a peculiar and somewhat contradictory country. On the other hand, the government wants to restrict gambling as much as possible and at the same time, there are things that seem to be much looser than in many other parts of Europe and even the entire world.

If you have ever visited this beautiful country in the North, you might have spotted something very strange in the grocery stores, gas stations, and kiosks. As reported on our site earlier, there are slot machines everywhere! This is something that the majority of other Nordic countries, for instance, are not providing their citizens with.

Finland, even though its government and the monopolized gambling company Veikkaus are being criticized for having slot machines everywhere, is not taking them out. What the government is doing is stopping anonymous gambling that has been so far possible in these slot machines located in stores and gas stations.

What Will Actually Change?

According to the renowned Finnish Casino Portal, Laatukasinot, there are many changes coming. By the year 2023 the government of Finland, alongside Veikkaus, is planning to move all gambling-related actions for something that can be done only via identification. This has been the case already in the majority of European online casinos, and now also Veikkaus is seeing the relevance of doing so.

Starting from January 2021, Finnish players at stores, kiosks and gas stations have not had the opportunity to play without identification first. The identification is now mandatory. For that one needs a Veikkaus customership, a credit card related to the player account or a Veikkaus app.

 

Veikkaus itself estimates that having player identification at slot machines and all gambling-related services will reduce the amount of playing. On the other hand, nothing says this will have any effect on the players with serious gambling problems.

Also, when looking at the latest trends in the gambling industry, Finland’s decision to tie identification to player accounts and customership seems something that might be too little too late. Veikkaus now requires everyone to register and play with their ID cards, on another note online no account casinos are on the rise!

 

Other Plans the Finnish Government is Moving Forward With

Mandatory identification is not the only thing Finns are going to have to get used to. Indeed, there are other regulations for the Finnish gambling markets as well. The current government, led by prime minister Sanna Marin (SDP) is investigating whether it could in the future force payment blocks. This means that if the bill passes, the Finnish players would no longer be able to play online casinos outside of Finland.

There are already examples in Europe of these types of payment blocks. So far the results have in many cases not been what the governments have wished for. Gamblers are finding new ways to go around the blocks, and this might very well happen in Finland, also. iGaming professionals have already suggested that in the future Finnish players will most likely just start using e-wallets and foreign bank accounts.

 

With an experience of over 8 years in the online gambling industry, as an affiliate, later affiliate manager and consultant, I consider myself a veteran of the industry and can guarantee that you will be served with the most accurate information.

Latest News

Sisal Enters Race for Fourth UK National Lottery Licence

Published

on

Sisal Enters Race for Fourth UK National Lottery Licence
Sisal Enters Race for Fourth UK National Lottery LicenceReading Time: < 1 minute

 

Italian gambling operator Sisal, which runs the country’s most popular lottery, has joined the race for the next UK National Lottery licence. Sisal’s bid is being backed by the investment firm CVC Capital Partners.

Sisal is one of Italy’s largest gambling operators. It runs both land-based gaming and betting establishments and online facilities. The company’s products include poker, slots games, wagering and bingo, among others. As mentioned above, it also runs one of its home country’s largest and most popular lotteries, SuperEnalotto.

Continue Reading

Latest News

UK Ministers to Launch Investigation into Collapse of Football Index

Published

on

UK Ministers to Launch Investigation into Collapse of Football Index
UK Ministers to Launch Investigation into Collapse of Football IndexReading Time: < 1 minute

 

The UK Ministers are planning to launch an investigation into the collapse of the football player trading exchange company Football Index. Legislators are deeply concerned by the collapse of the operator, after users lost over £100 million following its crash into insolvency.

“This case further reinforces the need for our comprehensive review of gambling laws,” a government source told.

“This independent investigation into Football Index will feed into that work and if we need to make changes to regulation to protect people, we will.”

After making the decision to cut dividends on players from 14p to 3p, the Jersey-based company suffered a player and investor exodus, with some customers losing tens of thousands, and many scrambling to sell their shares and leave the site, prompting a crash.

The firm’s operating licence was subsequently suspended by the UK Gambling Commission (UKGC), whilst standards body the Betting and Gaming Council (BGC) also suspended its membership.

Continue Reading

Latest News

Betting Shops are Now Open in England and Wales

Published

on

Betting Shops are Now Open in England and Wales
Betting Shops are Now Open in England and WalesReading Time: < 1 minute

 

Betting shops in England and Wales reopened yesterday for the first time in 2021 amid the latest easing of Covid-19 restrictions in each country.

Various measures will remain in place in betting shops, with the number of customers allowed inside at any one time dependent on the size of the shop, with that number capped at eight. There will also be a limit on the time that customers can stay in the shop, while there will be no chairs, no live sports pictures and a maximum of two gaming machines in operation. Furthermore, customers will be limited to a maximum of two visits per day, with shops forced to close at 8 pm.

UK Prime Minister Boris Johnson said: “I’m sure it will be a huge relief for those business owners who have been closed for so long, and for everyone else it’s a chance to get back to doing some of the things we love and have missed.

“I urge everyone to continue to behave responsibly and remember ‘hands, face, space and fresh air’ to suppress Covid as we push on with our vaccination programme.”

Continue Reading

Trending

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.