Veikkaus (defunct Company) on:
[Wikipedia]
[Google]
[Amazon]
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
Yle: Veikkaus Blocks Site from Users outside Finland
/ref>
Veikkaus Oy
- The official site.
Veikkaus briefly in english
CSR & Annual Report 2010
- Corporate Social Rensonsibility report & Annual Report 2010 {{authority control Government-owned companies of Finland Gambling in Finland Lotteries 1940 establishments in Finland Companies disestablished in 1999
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
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 (g ...
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 nationallottery
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 ...
, 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 profits produced by Veikkaus's activities in a socially optimal way between amateur sports, the arts, science and youth work. These profits exceed a million euros daily, and constitute a significant part of government expenditure in these fields.
Veikkaus was founded in 1940 by the 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 footb ...
and the Finnish Workers' Sports Federation under the name ''Oy Tippaustoimisto AB''. The agency first offered only sports betting, but in 1971 the Finnish national lottery was kicked off, and it proved a huge boom. Today, approximately seventy per cent of Finnish people say they take part in the ''Lottery'' at least annually.
In August 2009 Veikkaus's Web site was the target of a heavy DDoS attack lasting several days and the agency blocked its site and services from foreign-based users./ref>
See also
*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 t ...
References
External links
Veikkaus Oy
- The official site.
Veikkaus briefly in english
CSR & Annual Report 2010
- Corporate Social Rensonsibility report & Annual Report 2010 {{authority control Government-owned companies of Finland Gambling in Finland Lotteries 1940 establishments in Finland Companies disestablished in 1999