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Gambling is one of the activities that get people excited. This fact applies to many people across the globe which the Finns are not exempted. An average Finn is a lover of gambling activities and their keen interest is obvious as they spend almost €10 billion per year on slot machines, lottery tickets, virtual casino gaming and sport betting.
Gambling activities in Finland have in existence for long and widely accepted among the population. In particular, the state-owned monopoly got into the Finland betting market during World War II.
And the country has the fifth largest gambling population across the globe. The gambling rules in Finland have been rigid and unchanged over the years.
For the past few years, many foreign online gambling operators made effort to enter the blossoming Finnish gambling market but couldn’t. This is because the country jealously guards its monopolistic gambling market from intrusion foreign operators.
The Time Ahead of Finland’s Online Gambling
One of the commonest activities in Finland is gambling. And it has been in vogue in this country since 17th century. Gambling in Finland experienced an official ban in 1899 but this ban lasted for a short period as it was lifted in1917, less than 20 years.
Even though the Finland gambling market has been in existence for long, the government is unwilling to authorise foreign gambling providers that have stocks of interactive casino games to offer.
Foreign gambling operators’ access to this market will benefit players as varieties of casino selections will be made available and protection against unreliable sites and potential scams will be guaranteed.
The European Commission had made several attempts to address the Finland’s strict gambling policies. The commission in 2010 mounted pressure on the Finland government to adjust the rigidity of their gambling regulations such that the country’s gambling market will be in compliance with the EU free trading policies.
The commission advised that the country should make few adjustments to its so-called “protectionist” gambling policy.
In preference to granting foreign operators access, Finland finds it easy to fine-tune its closed-door gambling regulations to suit the EU’s requirements.
This change in regulations featured a merger of the three state-owned gambling regulatory bodies (Veikkaus Oy, RAY and Fintoto Oy) into a unit called Veikkaus.
Although gambling is a common activity in Finland, majority of the Finns do not bother about the limited casino operators and the monopolistic nature of the gambling market.
The statistical output of one of the media outlets shockingly revealed that 66% of long-term bettors in the country support the government’s effort to reinforce monopoly in Finland’s online gambling market.
Probably the country might witness a change in its gambling market in the nearest future but regarding the current gambling rules, the chances of Finland’s gambling market expansion are slim.
Updates from iGaming industry are readily available on our website as well as instructions on how to play a number of popular casino games. Some of these games include Baccarat, Slot Machines, Blackjack, Poker, Crap and Roulette.
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