AffPapa Unwrapped: 2024 in Review


About Veikkaus:
Veikkaus was founded in 2017, via a merger of the former three Finnish gambling operators Fintoto, Finland’s Slot Machine Association RAY and the former Veikkaus. With ca. 1,440 employees and over a hundred different locations in Finland, the Veikkaus’ games are sold at numerous points of sales, including online and mobile apps. Veikkaus is entirely owned by the Finnish State and holds the exclusive right to operate gambling games in mainland Finland. Veikkaus’ proceeds are used for the common good in its entirety. The allocation of the proceeds is decided by the Ministry of Social Affairs and Health, the Ministry of Education and Culture, and the Ministry of Agriculture and Forestry.


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However, no change was made at this time. In practice, the change would not have affected the current situation where Veikkaus has voluntarily reduced the number of slot machines placed in shops, kiosks and public transport hubs.

Veikkauss Profile, Revenue and Employees

In addition to its sustainability initiatives, Veikkaus Oy has also implemented a number of measures to promote responsible gaming. The company has established a responsible gaming program that aims to prevent problem gambling and promote responsible gaming practices. The program includes measures such as the provision of information and support services for problem gamblers, the implementation of age verification measures, and the promotion of responsible gaming practices.

Processing personal data in the register is based on Veikkaus duty to fulfil its statutory obligations, such as those laid down by the Act on Preventing Money Laundering and Terrorist Financing 444/2017, including the decrees based on the said act and any binding guidelines issued by authorities. Furthermore, the processing of personal data in the register is based on legislation on sanctions, which is binding on Veikkaus, referring to, e.g., sanctions belonging under the United Nations (UN) and the European Union (EU), as well as certain national sanctions. The legislation on sanctions, which is binding on Veikkaus, includes the Act on the Fulfilment of Certain Obligations of Finland as a Member of the United Nations and of the European Union (659/1967) and the Act on the Freezing of Funds with a View to Combating Terrorism (325/2013).

Veikkaus is also planning to reduce the number of its venues across the country from 65 to around 40-50, with negotiations currently under way which may result in the closure of its casino in Tampere.

In conclusion, Veikkaus Oy is a Finnish state-owned company that operates in the lottery services sector. The company has set ambitious targets to reduce its greenhouse gas emissions and increase the use of renewable energy sources in its operations. Veikkaus Oy has implemented a number of initiatives to reduce its energy consumption and promote renewable energy, including the implementation of a corporate energy program, the implementation of a corporate PPA for renewable energy, and the investment in renewable energy projects. The company has also implemented measures to promote responsible gaming and social responsibility. Veikkaus Oy's sustainability initiatives demonstrate its commitment to promoting sustainable practices and contributing to the development of a sustainable future for Finland.


Veikkaus Company Profile | Management and Employees List

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Industry: Gambling Facilities and Casinos

DNA's radio network modernisation and 5G upgrade, launched in 2019, is now complete. The 5G coverage is equivalent to the 4G service area and the calculated population coverage is close to 100%, meaning that 5G service is available at nearly all permanent residential addresses. Geographically, the 5G network reaches all municipalities in mainland Finland. The construction of 5G infrastructure has also improved 4G connections significantly. Going forward, networks will still be enhanced on the basis of customer needs.

Company size: 1,001-5,000 employees

As a part of our young company, you will be responsible for driving the innovation and strategic growth of our value-added services products within the international B2B real-money gaming market. These products encompass a variety of solutions, including recommendation tools, game development tools, and data and analytics solutions for insightful business intelligence. You’ll also work closely with our B2B customers to understand their unique needs and deliver tailored solutions that exceed their expectations.

Headquarters: Helsinki, Helsinki

With us, you’ll have the chance to grow professionally. We offer opportunities and active encouragement to broaden your skillset and grow your role while the business advances. In addition, we genuinely strive to be a responsible employer, offering meaningful tasks, competitive employee benefits, and ensuring a healthy work-life balance.

Veikkaus Oy Financial Overview, Employee Count, and Competitors

Veikkaus has also had to adapt to its declining revenues caused by sustainability measures, recently ending negotiations that will see it save an estimated €15m by 2024 through streamlining operations and adjusting the number of employees.

Overview, News & Similar companies

Veikkaus also plans to reduce the number of its retail gambling locations from 65 arcades to around 40 to 50, while upcoming negotiations will also concern the potential closure of Casino Tampere.

Veikkaus has 1,600 employees What industry does Veikkaus belong to

In this, the company’s core strengths, weaknesses, opportunities and threats are analyzed, providing you with an up to date objective view of the company.Note: Some sections may be missing if data is unavailable for the company.

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In addition to the layoffs, the company will also be splitting into three main operating divisions, with two business units being responsible for its Finnish offerings. One of the aforementioned two will be operating Veikkaus’s slot terminals, chance games, and arcades, while the other one will be responsible for its traditional wagering and casino operations. The third business unit, on the other hand, will be tasked with the company’s international operations.