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Veikkaus (1940–2017)
Veikkaus Oy was the Finland, 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 (Finland), 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 (Finland), 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Limited Company
In a limited company, the Legal liability, 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 com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Profit (accounting)
Profit, in accounting, is an income distributed to the ownership , owner in a Profit (economics) , profitable market production process (business). Profit is a measure of profitability which is the owner's major interest in the income-formation process of market production. There are several profit measures in common use. Income formation in market production is always a balance between income generation and income distribution. The income generated is always distributed to the Stakeholder (corporate), stakeholders of production as economic value within the review period. The profit is the share of income formation the owner is able to keep to themselves in the income distribution process. Profit is one of the major sources of economics , economic well-being because it means incomes and opportunities to develop production. The words "income", "profit" and "earnings" are synonyms in this context. Other terms See also * Gross income * Net profit * Profitability index * Rate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lotteries
A lottery (or lotto) 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 regulations are prohibition of sale to minors and licensing of ticket vendors. 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 to the org ... [...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 universa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government-owned Companies Of Finland
State ownership, also called public ownership or government ownership, is the ownership of an industry, asset, property, or enterprise by the national government of a country or 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. Thi ... [...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 13 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 dis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Spede Pasanen
Pertti Olavi "Spede" Pasanen (10 April 1930 – 7 September 2001) was a Finnish film director and producer, comedian, and inventor, who has been called an "all-around entertainer". During his career he directed, wrote, produced or acted in about 50 movies and participated in numerous TV productions, including the comedy '' Spede Show'' and the game-show '' Speden Spelit''. Much of his more commercial work was in collaboration with Vesa-Matti Loiri (whose most popular character created by Pasanen was Uuno Turhapuro; first in TV sketches and then in a long-lasting series of motion pictures) and Simo Salminen. Pasanen's films and TV shows, often made quickly and on a low budget, usually received little critical recognition but were popular among Finnish audiences from the 1960s onwards. He was the owner of his own film production company, Filmituotanto Spede Pasanen Ky. Pasanen was ranked 17th at the ''Suuret suomalaiset'' competition show broadcast by Yleisradio. Childhood ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Speden Spelit
''Speden Spelit'' (formerly ''Spede Special'', ''Spedestroika'' and ''Speden sallitut leikit'') is a television game show presented by Spede Pasanen. It aired first on the Finnish channel Kolmoskanava in 1988 and from 1993 to 2002 on MTV3. History The name of the show changed three times during its existence. In the beginning (from 1988 to 1989) the name was ''Spede Special'', from 1989 to 1990 ''Spedestroika'' (from ''perestroika'' which happened during that time), and from 1990 to 1992 ''Speden sallitut leikit'' ("Spede's allowed games"). The name ''Speden Spelit'' ("Spede's Sgames") came in use in November 1992 when the gambling of national betting agency Veikkaus was attached to it. The new name initially caused problems, because a folk music festival in Southern Ostrobothnia was already using the name "Spelit", and the festival organisers demanded that Pasanen would change the name of his show, but the name ''Speden Spelit'' remained in use. The show was almost entirely pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finnish Workers' Sports Federation
The Finnish Workers' Sports Federation (, ''TUL'', , ''AIF'') is a Finland, 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 (Finland), 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 Finland, Red side. On 26 January 1919, 56 labour movement related clubs founded the new workers' s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Football Association Of Finland
The Football Association of Finland (, SPL; ) is the governing body of football (soccer), football and futsal in Finland. It was founded in Helsinki on 19 May 1907. The SPL organises the Finland national football team, men's and Finland women's national football team, women's national football teams, and the second to ninth tiers of national football. The premier division Veikkausliiga is organised by a distinct organisation. 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 championship, before the 1929 establishment of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Expenditure
Government spending or expenditure includes all government consumption, investment, and transfer payments. In national income accounting, the acquisition by governments of goods and services for current use, to directly satisfy the individual or collective needs of the community, is classed as government final consumption expenditure. Government acquisition of goods and services intended to create future benefits, such as infrastructure investment or research spending, is classed as government investment (government gross capital formation). These two types of government spending, on final consumption and on gross capital formation, together constitute one of the major components of gross domestic product. Spending by a government that issues its own currency is nominally self-financing. However, under a full employment assumption, to acquire resources produced by its population without potential inflationary pressures, removal of purchasing power must occur via government bo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euro
The euro (currency symbol, symbol: euro sign, €; ISO 4217, currency code: EUR) is the official currency of 20 of the Member state of the European Union, member states of the European Union. This group of states is officially known as the euro area or, more commonly, the eurozone. The euro is divided into 100 1 euro cent coin, euro cents. The currency is also used officially by the institutions of the European Union, by International status and usage of the euro, 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. The euro is used by 350 million people in Europe and additionally, over 200 million people worldwide use currencies pegged to the euro. It is the second-largest reserve currency as well as the second-most traded currency in the world after the United Sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
