Gambling in Finland. State monopoly has benefited?

Gambling in Finland. State monopoly has benefited?

Gambling in Finland

Finland is a country, primarily known for its famous Santa Claus house, located in Lapland. Finnish Sauna, once the over-popular NOKIA company, the ski resort of Lahti and other sights and achievements of Finland are known all over the world.

The sphere of gambling in Finland is completely monopolized by the state, and all incomes received from gambling go for social purposes: medicine, education, culture. The officials of the European Union have repeatedly tried to influence this sphere of business in Finland, persuading the authorities to open the market for international brands. But the authorities didn’t succumb, insisting that gambling in the country is a purely non-commercial sphere of business.

On the one hand, it is commendable – after all, all the revenues from the industry go to vital spheres, but there is another side of the coin. Lack of competition always has a bad effect on the conditions for players.

Offline gambling market in Finland

Conditionally offline gambling market in Finland can be divided into three areas:

  1. The hours-races betting odds are controlled by Fintoto;
  2. National lotteries and other sports bets are controlled by Veikkaus;
  3. Slots and table games are managed by Ray;

Each of this companies belongs to Finnish government.

It’s amazing, but in the country for a long time there was only one landbased casino – Grand Casino Helsinki. The casino is located in the old Fennia hotel, in the capital of Finland. Only adults (18+) can visit the casino. At the entrance you need to pay a symbolic amount of 2 euros.

Grand Casino Helsinki

There are hundreds of video slots from the most popular providers, tables for playing blackjack, baccarat and roulette.

In addition to gambling, there are 3 restaurants and bars for guests leisure. Weekly live performances of popular artists. Playing at one of the tables, you can enjoy a glass of the best champagne or something stronger.

The casino is managed by Ray. The company plans to build another casino near the Russian-Finnish border. The location was chosen not by chance, since gambling in Russia is partially prohibited and restricted to special zones (similar to the USA gambling laws) and wealthy Russians are sometimes closer to cross the border and relax in European casinos.

PAF Finland

The second casino, located in Helsinki, is managed by PAF and called Casino Mariehamn. Casino offers a similar range of services for its visitors.

Online gambling market in Finland

Online gambling in Finland is allowed since 1996 and is also controlled by state-owned companies Ray and Paf.

Each of the companies offers online betting on sports, poker and casino. Due to the fact that you can officially play only on the websites of these companies, the odds and conditions for players are often much worse than in the world’s brands.

The worst conditions contribute to the fact that Finns register in other online casinos that are licensed in foreign markets. By the way, the authorities of Finland close their eyes to this and allow their citizens to play in foreign online casinos. However, this casinos are not allowed to be advertised in Finland.

Konung Casino – the choice of Finnish players

Konung Casino – Bitcoin Casino, which opened in June 2017. Konung made it bets on Finnish players.

Konung Casino

A great first deposit bonus is available for Finnish players. You can get a 100% bonus up to 500 mBTC (0.5 BTC). It’s nice to start the game with increased balance, considering that the conditions for the bonus are quite pleasant and transparent.

For you, over 1000 games are available from the most diverse iGaming providers from NetEnt to Thunderkick. All deposits and cashouts processing automatically, absolutely anonymously.

Konung Casino – bitcoin project of a new generation.

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