Finland's Slot Machine Association
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Finland's Slot Machine Association
Finland's Slot Machine Association or RAY ( fi, Raha-automaattiyhdistys) was a government-supervised and -owned nonprofit gaming (gambling) association ( statutory corporation) in Finland. On January 1, 2017, RAY merged with the government-supervised and -owned nonprofit betting agency Veikkaus and . The new company that was founded as a result is also called "Veikkaus". RAY was a gambling monopoly whose proceedings went to domestic charity such as pensioner care and gambling addiction treatment. While RAY was best known for its slot machines, the company also dealt in online gambling and controlled the only official casino in Finland, Casino Helsinki. RAY's operations were governed by legislation and decrees. The operations of the other Finnish gaming organisations, Veikkaus and Fintoto, are also based on the Finnish Lotteries Act. The act was last amended in 2012. RAY's revenue came from slot machines, casino games, and casino and digital gaming. All the proceeds from RAY's ga ...
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RAY Ruusu And Tuplapotti
Ray may refer to: Fish * Ray (fish), any cartilaginous fish of the superorder Batoidea * Ray (fish fin anatomy), a bony or horny spine on a fin Science and mathematics * Ray (geometry), half of a line proceeding from an initial point * Ray (graph theory), an infinite sequence of vertices such that each vertex appears at most once in the sequence and each two consecutive vertices in the sequence are the two endpoints of an edge in the graph * Ray (optics), an idealized narrow beam of light * Ray (quantum theory), an equivalence class of state-vectors representing the same state Arts and entertainment Music * The Rays, an American musical group active in the 1950s * Ray (musician), stage name of Japanese singer Reika Nakayama (born 1990) * Ray J, stage name of singer William Ray Norwood, Jr. (born 1981) * ''Ray'' (Bump of Chicken album) * ''Ray'' (Frazier Chorus album) * ''Ray'' (L'Arc-en-Ciel album) * ''Rays'' (Michael Nesmith album) (former Monkee) * ''Ray'' (soundtrack), a ...
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Gambling
Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season. The term "gaming" in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; ''i.e.'', a "gaming" company offers (legal) "gambling" activities to the public and may be regulated by one of many gaming control boards, for example, the Nevada Gaming Control Board. However, this distinction is not u ...
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Statutory Corporation
A statutory corporation is a government entity created as a statutory body by statute. Their precise nature varies by jurisdiction, thus, they are statutes owned by a government or controlled by national or sub-national government to the (in some cases minimal) extent provided for in the creating legislation. Bodies described in the English language as "statutory corporations" exist in the following countries in accordance with the associated descriptions (where provided). Australia In Australia, statutory corporations are a type of statutory authority created by Acts of state or federal parliaments. A statutory corporation is defined in the government glossary as a "statutory body that is a body corporate, including an entity created under section 87 of the PGPA Act" (i.e. a statutory authority may also be a statutory corporation). An earlier definition describes a statutory corporation as "a statutory authority that is a body corporate", and the New South Wales Governme ...
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Finland
Finland ( fi, Suomi ; sv, Finland ), officially the Republic of Finland (; ), is a Nordic country in Northern Europe. It shares land borders with Sweden to the northwest, Norway to the north, and Russia to the east, with the Gulf of Bothnia to the west and the Gulf of Finland across Estonia to the south. Finland covers an area of with a population of 5.6 million. Helsinki is the capital and largest city, forming a larger metropolitan area with the neighbouring cities of Espoo, Kauniainen, and Vantaa. The vast majority of the population are ethnic Finns. Finnish, alongside Swedish, are the official languages. Swedish is the native language of 5.2% of the population. Finland's climate varies from humid continental in the south to the boreal in the north. The land cover is primarily a boreal forest biome, with more than 180,000 recorded lakes. Finland was first inhabited around 9000 BC after the Last Glacial Period. The Stone Age introduced several differ ...
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Veikkaus (defunct Company)
Veikkaus Oy was the Finnish national betting agency. It was fully owned by the Finnish government and had an exclusive legal betting license on lotteries and sports betting in Finland. Veikkaus was managed by the Finnish Ministry of Education, which shared money earned by Veikkaus with various organizations. In 2010 Veikkaus gave 462.7 million euros for the Ministry of Education to share. The rules of the games and gaming itself are controlled by the Finnish Ministry of Internal Affairs. On January 1, 2017 Veikkaus merged with RAY and Fintoto. The new company that was founded as a result is also called Veikkaus. History Veikkaus organises 20 different games, the most popular being the Finnish national lottery, which generates more than a third of the company's total sales. Other important games are ''Football pools'' and ''Fixed Odds Betting'' (forms of sports betting), and the ''Ässä'' scratch tickets. The Finnish Ministry of Education is responsible for allocating the profi ...
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Veikkaus
Veikkaus Oy is the Finnish government-owned betting agency which holds a monopoly in the country. It was formed in 2017 as a merger of three previously existing betting and gambling agencies of Veikkaus, Fintoto and Finland's Slot Machine Association. In January 2019, Veikkaus announced a plan to reduce its workforce by around 400 positions, while also announcing "significant overhauls of our gaming locations and an end to the restaurant gaming table business". A survey, conducted by Finnish polling specialist Bilendi on behalf of Kasino Curt, says that more Finns support than oppose the idea of abolishing Finland’s gambling monopoly and adopting a gambling licence system. The interviews were conducted within Bilendi Oy’s nationwide consumer panel during March 20 to 24 2019. The survey error margin is ±3.1 percentage points. The survey found that 31 per cent of Finns want to abolish the gambling monopoly and adopt a gambling licence system instead, whereas 27 per cent of ...
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Slot Machine
A slot machine (American English), fruit machine (British English) or poker machine (Australian English and New Zealand English) is a gambling machine that creates a game of chance for its customers. Slot machines are also known pejoratively as one-armed bandits because of the large mechanical levers affixed to the sides of early mechanical machines and the games' ability to empty players' pockets and wallets as thieves would. A slot machine's standard layout features a screen displaying three or more reels that "spin" when the game is activated. Some modern slot machines still include a lever as a skeuomorphic design trait to trigger play. However, the mechanics of early machines have been superseded by random number generators, and most are now operated using buttons and touchscreens. Slot machines include one or more currency detectors that validate the form of payment, whether coin, cash, voucher, or token. The machine pays out according to the pattern of symbols display ...
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Online Gambling
Online gambling is any kind of gambling conducted on the internet. This includes virtual poker, casinos and sports betting. The first online gambling venue opened to the general public was ticketing for the Liechtenstein International Lottery in October 1994. Today the market is worth around $40 billion globally each year, according to various estimates. Many countries restrict or ban online gambling. However it is legal in some states of the United States, some provinces in Canada, most countries of the European Union, and several nations in the Caribbean. In many legal markets, online gambling service providers are required by law to have some form of licence provide services or advertise to residents there. For example, the United Kingdom Gambling Commission or the Pennsylvania Gaming Control Board in the United States. Many online casinos and gambling companies around the world choose to base themselves in tax havens near their main markets. These destinations include Gibra ...
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Casino Helsinki
Casino Helsinki is a casino located in Helsinki, Finland, located less than a ten minute walk from Central Railway Station. It's owned by government-owned Veikkaus and is one of the few casinos in the world, and the second in Finland, to donate all of its profits to charity. The other non-profit casino in Finland is Paf which donates all of its profits from the autonomous Åland islands. Casino Helsinki employs around 200 people, and it had around 305,000 visitors in 2009 with around 30 million euros of revenue. The casino is open 363 days a year from 12PM to 4AM. It has around 300 slot machines, over 20 gaming tables and a poker room. The two-story casino has around of space. Games Table Games The selection of table games includes American roulette, blackjack, oasis poker, baccarat and Dynamic Poker Pro. Poker There are seven poker tables at the casino. Depending on the demand, they may offer Texas Hold'em, Omaha Hold'em, Five-Card Stud, Seven-Card Stud Seven-card ...
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Gambling Companies Of Finland
Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season. The term "gaming" in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; ''i.e.'', a "gaming" company offers (legal) "gambling" activities to the public and may be regulated by one of many gaming control boards, for example, the Nevada Gaming Control Board. However, this distinction is not universal ...
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Slot Machine Manufacturers
Slot, the slot or Slots may refer to: People * Arne Slot (born 1978), Dutch footballer * Gerrie Slot (born 1954), Dutch cyclist * Hanke Bruins Slot (born 1977), Dutch politician * Tonny Bruins Slot (born 1947), Dutch association football coach who is known for his analyses of matches and opponents * Jørgen Slots, a Danish-born periodontist in the United States * Margareta Slots (died 1669), Dutch-born mistress of Gustav II Adolf of Sweden Arts, entertainment, and media * Slot (band), a Russian alternative/nu metal band * Slot, abbreviation of St. Laurence O'Toole Pipe Band, a pipe band based in Dublin, Ireland * Dance slot, an imaginary narrow rectangle along which a follower moves back and forth with respect to the leader * ''The Slot'' (TV series), an Australian television series Sport * Slot (ice hockey), the area on the hockey rink directly ahead of the goaltender between the faceoff circles on each side * Slot, a space within a formation during a game of American footbal ...
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