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Veikkaus Keno
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 F ...
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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 ...
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Helsinki
Helsinki ( or ; ; sv, Helsingfors, ) is the Capital city, capital, primate city, primate, and List of cities and towns in Finland, most populous city of Finland. Located on the shore of the Gulf of Finland, it is the seat of the region of Uusimaa in southern Finland, and has a population of . The Helsinki urban area, city's urban area has a population of , making it by far the List of urban areas in Finland by population, most populous urban area in Finland as well as the country's most important center for politics, education, finance, culture, and research; while Tampere in the Pirkanmaa region, located to the north from Helsinki, is the second largest urban area in Finland. Helsinki is located north of Tallinn, Estonia, east of Stockholm, Sweden, and west of Saint Petersburg, Russia. It has History of Helsinki, close historical ties with these three cities. Together with the cities of Espoo, Vantaa, and Kauniainen (and surrounding commuter towns, including the eastern ...
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Finnish Government
sv, Finlands statsråd , border = , image = File:Finnish Government logo.png , image_size = 250 , caption = , date = , state = Republic of Finland , polity = , country = , address = Government PalaceSnellmaninkatu 1 A, Helsinki, Finland , leader_title = Prime Minister of Finland , appointed = President of Finland , budget = €55.8 billion (2018) , main_organ = Prime Minister's Office , ministries = 12 (list) , responsible = Parliament of Finland , url government.fi The Finnish Government (; ; ) is the executive branch and cabinet of Finland, which directs the politics of Finland and is the main source of legislation proposed to the Parliament. The Government has collective ministerial responsibility and represents Finland in the Council of the European Union. In the incumbent Marin Cabinet, the Government comprises 19 m ...
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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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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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Betting
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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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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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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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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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 ...
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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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