Finland Adopts Gaming Reforms

Finland’s newly proposed Lottery Act will, if adopted into law, help shore up the existing Veikkaus state monopoly. It will also put a heavy regulatory hand on discouraging offshore gaming operators.

Finland Adopts Gaming Reforms

On December 16, the parliament of Finland (Suomen eduskunta) adopted the Lottery Act on its first reading. The legislation clamps down on offshore gaming operators and helps preserve the existing monopoly of Veikkaus.

The law will require being passed on a second reading before it can be forwarded to the president and become law.

Among its provisions are payment blocking for any operators other than Veikkaus and the requirement of mandatory ID for all forms of gaming. Advertisements of gaming would also be curtailed, with ads for slot machines completely prohibited.

Some critics of the bill argue that payment blocking violates Finland’s constitution.

Finland’s Constitutional Committee has asserted that there should be an inquiry into what it calls the country’s “practically broken” monopoly. It also recommends that payment blocking should only apply to payments to operators rather than payments from operators to players.

**GGBNews.com is part of the Clarion Events Group of companies (Clarion). We take your privacy seriously. By registering for this newsletter we wish to use your information on the basis of our legitimate interests to keep in contact with you about other relevant events, products and services which may be of interest to you. We will only ever use the information we collect or receive about you in accordance with our Privacy Policy. You may manage your preferences or unsubscribe at any time using the link in our emails.