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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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Limited Company
In a limited company, the liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by Share (finance), shares or by guarantee. In a company limited by shares, the liability of members is limited to the unpaid value of shares. In a company limited by guarantee, the liability of owners is limited to such amount as the owners may undertake to contribute to the assets of the company, in the event of being wound up. The former may be further divided in public companies (public limited company, public limited companies) and private companies (private limited company, private limited companies). Who may become a member of a private limited company is restricted by law and by the company's rules. In contrast, anyone may buy shares in a public limited company. Limited companies can be found in most countries, although the detailed rules governing them vary widely. It is also common for a distinct ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sport
Sport pertains to any form of Competition, competitive physical activity or game that aims to use, maintain, or improve physical ability and Skill, skills while providing enjoyment to participants and, in some cases, entertainment to spectators. Sports can, through casual or organized participation, improve participants' physical health. Hundreds of sports exist, from those between single contestants, through to those with hundreds of simultaneous participants, either in teams or competing as individuals. In certain sports such as racing, many contestants may compete, simultaneously or consecutively, with one winner; in others, the contest (a ''match'') is between two sides, each attempting to exceed the other. Some sports allow a "tie" or "draw", in which there is no single winner; others provide tie-breaking methods to ensure one winner and one loser. A number of contests may be arranged in a tournament producing a champion. Many sports leagues make an annual champion by ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lotteries
A lottery is a form of gambling that involves the drawing of numbers at random for a prize. Some governments outlaw lotteries, while others endorse it to the extent of organizing a national or state lottery. It is common to find some degree of regulation of lottery by governments. The most common regulation is prohibition of sale to minors, and vendors must be licensed to sell lottery tickets. Although lotteries were common in the United States and some other countries during the 19th century, by the beginning of the 20th century, most forms of gambling, including lotteries and sweepstakes, were illegal in the U.S. and most of Europe as well as many other countries. This remained so until well after World War II. In the 1960s, casinos and lotteries began to re-appear throughout the world as a means for governments to raise revenue without raising taxes. Lotteries come in many formats. For example, the prize can be a fixed amount of cash or goods. In this format, there is risk t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gambling In 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 univer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government-owned Companies Of Finland
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. This form is often referred to as a state-owned en ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finnish Pesäpallo Match-fixing Scandal
Finnish pesäpallo match-fixing scandal was a match fixing scandal in Finland that involved a large number of players, managers and other team officials of Superpesis, the top professional league of the Finnish sport of pesäpallo, a game similar to baseball. The scam On the 11th and 13th of August 1998, players and managers of eight teams fixed five different matches. Sports gambling is legal in Finland, and all games were on the betting list of the Finnish national betting agency Veikkaus. The matches were in the last two rounds on the Superpesis regular season and were meaningless for the teams. Four out of five matches ended in a draw after two periods, paying high odds. The scam was unveiled a year later. Finnish police interrogated 460 persons involving the fixing. Most of them were never charged due to lack of evidence or for the reason that they were only lucky gamblers who had a hint on the results of meaningless games. Over thirty people were sentenced to fines or di ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finnish Workers' Sports Federation
The Finnish Workers' Sports Federation ( fi, Suomen Työväen Urheiluliitto, ''TUL'', sv, Arbetarnas Idrottsförbund i Finland, ''AIF'') is a Finnish amateur sports organization founded in 1919. In addition to the competitive sports, TUL focuses on youth activities and youth education as well as offering activities regardless of age, gender, ethnicity or financial means. TUL is one of the member associations of the Finnish Olympic Committee. TUL is affiliated with the Central Organisation of Finnish Trade Unions as well as the Social Democratic Party of Finland and Left Alliance. It is also a member of the International Labour Sports Federation (CSIT). TUL currently has more than 280,000 members, active in 1,000 clubs in 59 different sports. History Early years After the 1918 Finnish Civil War, the Finnish Gymnastics and Sports Federation (SVUL) dismissed all clubs and athletes who had participated the war on the Red side. On 26 January 1919, 56 labour movement related club ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Football Association Of Finland
The Football Association of Finland ( fi, Suomen Palloliitto, abbr. SPL; sv, Finlands Bollförbund) is the governing body of football in Finland. It was founded in Helsinki on 19 May 1907. The SPL organises the men's and women's national football teams, and the second and third tiers of national football. The premier division Veikkausliiga is organized by a distinct organisation, and the lower tiers (the fourth tier and below) are organized by the 12 district organisations. The SPL is based in the Finnish capital city of Helsinki. Background The SPL has more than 1,000 member clubs and approximately 140,000 registered players. The Finnish Gallup survey has indicated that football is a popular pastime with around 500,000 Finns interested in the sport. The SPL is Finland's largest amateur sports federation. The association was also the governing body of bandy in Finland until Finland's Bandy Association was founded in 1972. In 1928, it also arranged the first Finland ice hockey ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Expenditure
Public expenditure is spending made by the government of a country on collective needs and wants, such as pension, provisions, security, infrastructure, etc. Until the 19th century, public expenditure was limited as laissez faire philosophies believed that money left in private hands could bring better returns. In the 20th century, John Maynard Keynes argued the role of public expenditure in determining levels of income and distribution in the economy. Since then, government expenditures has shown an increasing trend. Sources of government revenue include taxes, and non-tax revenues. In the 17th and the 18th centuries, public expenditure was considered a wastage of money. Thinkers believed government should stay with their traditional functions of spending on defense and maintaining law and order. Theories of public expenditure Several theories of taxation exist in public economics. Governments at all levels (national, regional and local) need to raise revenue from a variety ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euro
The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . The euro is divided into 100 cents. The currency is also used officially by the institutions of the European Union, by four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. Additionally, over 200 million people worldwide use currencies pegged to the euro. As of 2013, the euro is the second-largest reserve currency as well as the second-most traded currency in the world after the United States dollar. , with more than €1.3 trillion in circulation, the euro has one of the highest combined values of banknotes and coins in c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Youth Work
Youth work is community support activity aimed at older children and adolescents. Depending upon the culture and the community, different services and institutions may exist for this purpose. In the United Kingdom youth work is the process of creating an environment where young people can engage in informal educational activities. Different varieties of youth work include centre-based work, detached work, school-based work and religion based work. Throughout the United States and Canada, youth work is any activity that seeks to engage young people in coordinated programs, including those that are recreational, educational, or social by nature and design. "Youth work" is defined as activities that intentionally seek to impact young people. This is primarily a set of loosely affiliated activities that have been defined, redefined, examined, and reinvented in subsequent generations. In Ireland the Youth Work Act of 2001 states that, :"'Youth work' means a planned programme of educ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Science
Science is a systematic endeavor that builds and organizes knowledge in the form of testable explanations and predictions about the universe. Science may be as old as the human species, and some of the earliest archeological evidence for scientific reasoning is tens of thousands of years old. The earliest written records in the history of science come from Ancient Egypt and Mesopotamia in around 3000 to 1200 BCE. Their contributions to mathematics, astronomy, and medicine entered and shaped Greek natural philosophy of classical antiquity, whereby formal attempts were made to provide explanations of events in the physical world based on natural causes. After the fall of the Western Roman Empire, knowledge of Greek conceptions of the world deteriorated in Western Europe during the early centuries (400 to 1000 CE) of the Middle Ages, but was preserved in the Muslim world during the Islamic Golden Age and later by the efforts of Byzantine Greek scholars who brought Greek ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
