The Scandinavian region has a rich history when it comes to gambling Finland has the average spending 14 Euros per week on gambling. Around 80% of gamblers in the country are lottery players, but the market is driven by the top five percent who are considered high rollers. That five percent reportedly generates roughly 50 percent of the country’s market. A new study shows that nearly 70 percent of people in Finland want the government to keep its monopoly on gambling. According to an Yle-commissioned poll, there are slightly few options when it comes to enabling remote licensing. These regulations are strongly powered by the citizen’s view, who still prefer the state having control over gambling, despite arguments made in recent years against that setup.
The size of the gambling market in Finland is more than €2.5 billion, which includes lotteries and casino games, both live and online and the most feared high-stakes players over the years are a product of Finland. The include all-time online poker money earner Patrik Antonius, online greats Sami Kelopuro, Jens Kyllönen and Ilari Sahamies, as well as tournament star Juha Helppi.
Finland has a state-controlled monopoly on all forms of gambling: both offline and online. Three different entities are each responsible for a specific form of gaming in the country. These entities also operate the only officially sanctioned gambling sites in Finland.
RAY is the provider for brick-and-mortar gambling across the nation. It has the monopoly for land-based casinos, table games, slot machines, and traditional casino games such as roulette.
Veikkaus Oy is responsible for the national lottery, sports betting, and instant win games.
Fintoto Oy is responsible for parimutuel horse racing.
In 2017 the best Finnish online casinos are set to have a great year and after conducting a small overview we have found that the same goes for other games available on mobile.
The Finnish market witnessed a first when it comes to gaming companies going public. Finnish company Next Games became the first Finnish gaming company to go public and it happened this year in March. According to a report from Reuters, the final subscription price was of EUR 7.90 per share and the IPO stabilized at 4,376,530 shares with gross proceeds from offering at approximately EUR 32.8 million.
Next Games is behind The Walking Dead mobile game.
To hear more about the online gambling market of Finland and to gain advantage to discussing directly with one of the regulators of the Finish market, make sure you book your seat for Prague Gaming Summit which will take place between 8-9 June, 2017 at Andel’s by Vienna House Prague.
The panel dedicated for the Scandinavian region is set to commence on Day 2(09.06) and will run between 11:30 AM – 1:00 PM(Prague Local Time).
Save the date and reserve your seat(s) at an Early Bird Rate of 250 EUR(-50%) until 28.05.2017 by choosing your delegate package(delegate passes with accommodation at the official hotel or simple delegate passes) here.
For more details about the event, you can contact us directly by e-mail on the following e-mail address: email@example.com or by phone on +40 726 388 370.
Make sure you check back for more updates about Prague Gaming Summit.
We look forward to welcoming you in Prague!