Finnish Researchers Worry Veikkaus Virus Decline Went Offshore

  • Lost machines business hasn't shifted online
  • Small number of Finns bet big offshore
  • Domestic industry depends on big spenders

Coronavirus may have cost Finland's Veikkaus more than 40 percent of revenue, easing concerns that idled Finns may be gambling to excess, but researchers are concerned much of that lost business may be headed offshore.

The Finnish gambling monopoly said its revenue is more than €60m short of forecasts for a five-week period starting March 1, with sports betting crippled by cancellation of sporting events and gaming machines and arcades shutting on March 13. 

Veikkaus has about 17,000 gaming machines nationwide which are shut indefinitely, a spokesman said. 

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