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Veikkaus

Veikkaus

Veikkaus is the Finnish state-owned gambling company, headquartered in Vantaa, formed in 2017 from the merger of Veikkaus, RAY and Fintoto and holding the exclusive right to offer lotteries, sports betting, casino games, slot machines and horse racing betting in Finland. That monopoly ends on 1 January 2027, when Finland opens online casino and betting to licensed private operators under the 2025 Gambling Act; Veikkaus has restructured into a competitive-market company that will compete for online casino and betting customers under licence while retaining the lottery and land-based slot monopoly, and has launched a B2B games business and international operations in preparation. It returns its profits to the Finnish state.

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Veikkaus at a glance

Stories
20
Last covered
October 2026
Coverage since
May 2025
Segment
Operator

Latest coverage

Helsinki Cathedral rising above the city's harbour front and waterside buildings under a pale sky
Regulatory

ComeOn and SuomiVeto Take Finland's Announced Gambling Licences to Four

European Entertainment Group's ComeOn and the Helsinki newcomer SuomiVeto say Finland's National Police Board has licensed them for the market that opens on 1 July 2027, joining Hippos ATG and Wildz. SuomiVeto has published its licence number and decision date, while the board has yet to publish a list of licensees.

A vintage globe turned to northern Europe, with Finland, Helsinki, Sweden and Norway in focus and the rest of the continent blurred
Regulatory

Wildz Says It Has Won Finland's First Gambling Licence, Valid From July 2027

Malta-based Wildz Group says Finland's National Police Board has granted it a five-year gambling licence starting on 1 July 2027, the first award any operator has announced under the new regime. The board has not confirmed it, and a year ago it was weighing a marketing prohibition against the same group that would have ruled it out.

Helsinki Cathedral above the South Harbour waterfront
Regulatory

Finland Has 75 Gambling Licence Applications and Has Approved None

Applications to Finland's National Police Board have risen by half since June, beating researchers' estimates, but processing now takes six to eight months and the market opens on 1 July 2027. The first licences will decide who can advertise to Finns first.

Veikkaus Introduces Age-Based Loss Checkpoints but Drops Annual Limit for Over-25s
Regulatory

Veikkaus Introduces Age-Based Loss Checkpoints but Drops Annual Limit for Over-25s

Veikkaus has tightened gambling loss checkpoints for under-25s but scrapped the annual limit for older players, days before Finland's monopoly opens to licensed competition. The carve-out for its highest-spending customers exposes the tension between safer gambling and defending market share ahead of 2027.

The Finnish flag, a blue cross on white, flying from a flagpole against a dark, cloudy sky
Regulatory

Finland Receives 50 Licence Applications Ahead of 2027 iGaming Launch

Finland has drawn roughly 50 licence applications since its window opened in March, already matching the ceiling industry observers projected for the entire market and reached more than a year before the 1 July 2027 launch that ends Veikkaus's monopoly. Officials say most applicants are foreign, while operators await detail on advertising, bonusing and enforcement.

Swedish Gambling Giant Challenges Veikkaus Monopoly over Fairness Concerns
Regulatory

Swedish Gambling Giant Challenges Veikkaus Monopoly over Fairness Concerns

The conflict highlights the immense tension within the Nordic gambling sector as Finland prepares to dismantle its state monopoly. While Veikkaus maintains its actions are lawful, the investigation by the FCCA will determine whether an incumbent can legally fortify its position against future rivals before the market even opens.

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