Image Source : iGaming Business
The role of Veikkaus, Finland’s state-owned gaming operator, has been a topic of debate in recent years, with discussions around monopoly vs. liberalization growing more frequent. Veikkaus has been criticized for its practices, including the placement of slot machines and the marketing of its products. In response to these criticisms, Veikkaus has announced plans to cut around 3,000 slot machines and promised to change its internal company culture to be more responsible.
The debate around Veikkaus’ monopoly is complex, with some arguing that it is necessary to prevent gambling-related harm, while others believe that liberalization would lead to increased competition and better services for consumers. The Finnish government has established a research funding system, known as section 52, which is designed to study and prevent gambling-related problems. This system is funded by Veikkaus, but the company has no role in deciding how the funds are used .
The section 52 system has been praised for its ability to produce unbiased research, thanks to its detachment from Veikkaus’ influence. Researchers funded by the system have been able to critically examine Veikkaus’ practices and provide evidence-based recommendations for improving the gaming industry in Finland . However, some have argued that the system is not without its flaws, and that the Finnish government’s involvement in the gaming industry can create conflicts of interest.
As public sentiment around Veikkaus’ monopoly continues to shift, it remains to be seen how the debate will play out. One thing is clear, however: the Finnish government’s approach to regulating the gaming industry will have significant implications for the country’s gaming sector, and for the welfare of its citizens.
