Finnish State Operator To Expand

FINNISH STATE OPERATOR TO EXPAND

22nd June, 2011 at 09:55:57
Source: http://www.azonlinecasinos.com

Looking for partnerships through a newly developed subsidiary

Finland 's state-owned lottery operator, Veikkaus intends expanding into Russia, China and the USA and has established a subsidiary with this international expansion in mind.

The subsidiary will be operational as early as July 2011 and will be re-evaluated in 2013 as to its viability said Veikkaus vice president, Olli Sarekoski.

The subsidiary will not seek licencing in new countries but rather form alliances with other companies active in the targeted markets.

"We are seeking bigger entities to enter into business arrangements with - traditional gambling operators, system vendors and media companies looking for new partnerships." Sarekoski said.

Veikkaus is targeting markets outside of the European Union to prevent jeopardising its own monopoly.

Related News Tags:



« News index »



WEST VIRGINIA ONLINE GAMBLING BILL MEETS EARLY OPPOSITION (Update)

25th March, 2017 at 08:38:18
HB3067 faces political and time constraints.

MORE DETAILS ON COSTA ONLINE GAMBLING LEGALISATION BILL IN PENNSYLVANIA (Update)

21st March, 2017 at 21:54:56
Senator Jay Costa introduces his bill SB524 with the support of three other senators.

CALLS FOR HIGHER GAMBLING TAXES IN KENYA

20th March, 2017 at 07:18:24
Operators brace for rising costs as parliamentary advisers call for more taxation.

REPUBLICANS FILE ANTI-ONLINE GAMBLING BILL IN PENNSYLVANIA

14th March, 2017 at 08:11:41
HB801 has echoes of last year's unsuccessful attempt authored by former Representative (now Senator) Mario Scavello.

IGT ACHIEVES ICAP RE-CERTIFICATION

13th March, 2017 at 13:44:19
Compliant with Internet Responsible Gambling Standards.