AI Summary
Sign in to listen

Veikkaus joins Finnish gambling association

State operator joins industry body as Finland prepares for market reform.

2 min read
finland
Key Points
Veikkaus joined The Gambling Industry Association Finland on 2 September
Move comes ahead of Finland's transition to a licensing model
Operator continues wider leadership and technology overhaul

Veikkaus has officially joined The Gambling Industry Association Finland (Rahapeliala ry), strengthening the industry's collective voice as Finland moves towards a competitive licensing system.

The state-owned operator became a member of the trade association on 2 September, marking what it described as a natural step in supporting the country's gambling reform alongside other licensed operators. Founded in 2022, Rahapeliala ry advocates for the development of a responsible and sustainable gambling market in Finland.

Veikkaus President and CEO Olli Sarekoski said the association has played an important role in preparing for the regulatory transition, adding that closer cooperation between industry participants will be essential to ensuring the future market operates effectively. He also said the membership reflects Veikkaus' commitment to advancing shared industry objectives during a period of significant change.

The association welcomed the move, noting that Veikkaus' long history in the Finnish market will strengthen both its representation and expertise as discussions around the new licensing framework continue.

The membership announcement comes as Veikkaus continues to reshape its leadership team ahead of increased domestic competition and its longer-term international ambitions.

Last week, the operator appointed Chris Armes as EVP of Gaming Technologies and a member of its executive team. Armes, who joins from High5Games, will oversee the company's technology operations from Helsinki and lead the development of scalable digital platforms, cloud infrastructure, cybersecurity and artificial intelligence initiatives supporting player protection.

The technology appointment follows a series of senior leadership changes at Veikkaus. EVP Velipekka Nummikoski stepped down at the end of August after 14 years with the company, while Ilkka Kosola is expected to assume the role of Chief Financial Officer later this month. Earlier this year, Janne Rajalahti and Eeva Salonen also joined the operator's Board.

The changes form part of Veikkaus' broader strategy to prepare for Finland's regulated competitive market and support its ambition of becoming an international gambling group by 2030.

Good to know

The Gambling Industry Association Finland was established in 2022 to support a responsible and sustainable regulated gambling market

Reaction Board

Set Global Gaming Insider to be your preferred search result

News Analysis

View All
BULGARIA ANALYSIS

Will advertising loopholes take centre stage in Bulgaria’s Gambling Act review?

Gambling advertising is back under the spotlight as Bulgaria moves to address gaps in its wider gambling regulatory framework.

5 min read • • By Marieta Lezaic
Early exit analysis 1

Player injuries in betting: What happens when an athlete is forced to leave the field?

With frustration around early player exits mounting from bettors, sportsbook operators both in the US and UK have introduced new means of protection for those stung by the injury bug.

5 min read • • By Kirk Geller
grant tribal

Tribal casinos: Profitability, floor optimization and the long-term impact of prediction markets

Tribal casinos are still growing revenue every year but facing profitability pressure, according to Wipfli's recent report exploring Tribal gaming. Grant Eve, a Partner at the company, discusses margin trends, floor optimization and technology, as well as the impact of AI... and prediction markets.

8 min read • • By Tim Poole

In The News

View All
Denmark July
[ELEVATED IMPORTANCE]

Denmark’s gambling spend rises 17.2% in July

Online casino and betting recorded year-on-year growth of 22.0% and 21.3% respectively.

· Legal & Regulatory + 6