Finnish betting and lottery monopoly Veikkaus is risking a €200,000 fine after defying a ban on retail staff verbally promoting its gambling products. 
Regulators from Italy, Estonia and Sweden added to calls for operators to show more appetite for self-regulation at an industry event this week which also pinpointed more responsible use of “big...
US presidential hopeful Donald Trump's chequered casino history and a ruling on the tax status of German poker winnings are among this week's stories.
The Finnish government is weighing a tax on lottery winnings to generate additional income as the newly-elected government pledges to make more than €4bn in savings in the next four years. 
Svenska Spel profit rose 2.7 percent in the second quarter, but gains at the Swedish monopolist may have been muted by gamblers deterred by responsible gambling measures.
The Finnish government is hoping to merge the country’s three gambling licensees at the start of 2017 as it pushes ahead with a new lottery law to strengthen its monopoly regime.   
Finland’s regulator has banned marketing campaigns from monopoly holders Veikkaus and RAY and has threatened up to €200,000 in fines if the operators do not comply immediately.
Finnish monopoly RAY has unveiled plans to introduce “mini casinos” across Finland after an attempt to open a full-scale casino on the Russian border was shelved.
Major European lotteries returned to growth last year as instant win products drove sales and revenues higher after a difficult 2013.
Finnish lottery and betting monopoly Veikkaus has hailed a “breakthrough year” for its mobile channel and online instant win games as group sales increased to just below €2bn.

Pages