Finnish government changes tune on future of Veikkaus monopoly

Finnish government changes tune on future of Veikkaus monopoly

Article brief provided by SBC News
  • Ted Orme-Claye, SBC News
January 4, 2023 8:35 PM

The Finnish government is reportedly onboard for a dramatic shakeup of the country’s licensing system, which may result in the end of the gambling monopoly held by Veikkaus.

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Speaking to the MTV Uutisten news agency Tytti Tuppurainen, the country’s Minister of Europe and Ownership Management and a member of the governing Social Democratic Party (SDP), said that the government is supportive of the transition.

The Minister also added that an investigation into the advantages and disadvantages of breaking the Veikkaus monopoly has been sped up, whilst noting that a shakeup of the licencing framework has general cross-party support.

Tuppurainen explained: “As the Minister of Ownership, I myself hastened to make a report on a possible transition to a multi-permit system. It is only a good thing that the opposition also shares this perception.”