On January 1, 2019, Sweden opened up its online gambling sector, regulating the sector but largely relaxing the tight grip that it had on the digital entertainment industry. More than 30 online casino operators have been awarded licenses thus far, though, more than 70 casinos had submitted their applications.
The move is expected to revolutionize the online gaming industry in the region. But, more than that, some also expect it to be a beacon for other European countries – like Finland – to follow, using Sweden’s online casino reform as a guideline for its own regulatory efforts.
Like Sweden, Finland Should Expect a Flood of Applications
The Finnish online casino sector, similar to that of Sweden, has been regarded as a restrictive industry. Finland’s industry is state-controlled with just one brand, called Veikkaus, providing lotteries, sports betting, slot machines, and horseracing, on the block. But as Finland prepares to overhaul its online gambling https://FunCasino.fi/ sector following a review (as announced in December 2018), the country should expect to be flooded with applications. This is especially the case as Veikkaus’ earnings are already down having decreased by 1% during the first quarter of 2018 due to its introduction of responsible gambling tools. Plus, Finland’s population famously loves gambling and it is part of everyday life says yle.fi. This gives casinos an additional incentive to focus on the region.
There are already several international online casino operators that promote themselves in Finland, with suomicasinot.net explaining that many of these allow players to cash out to Finnish bank accounts and offer games in Finnish. These casinos are specifically targeted towards Finnish gamblers but if the country’s gambling sector is revamped, these efforts within the region may be renewed and the Finnish authorities will have to be prepared for the influx.