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Veikkaus Oy Monopoly revamp to new licensing system
The Home Office is seeking public input on a draft government proposal for a new gambling law, a major reform plan outlined in the government plan. Under the proposal, Veikkaus Oy will no longer maintain a monopoly on betting, online slot machines and casino games. These gambling activities will be open to the competition through a new licensing system.
The proposal was created by a working group under the interior ministry, guided by a political operations group of secretaries of state. The consultation period on the proposal ends on August 18, 2024.
Current gambling monopoly and unregulated markets:
Currently, Veikkaus Oy has exclusive rights to provide gambling services in Finland. However, much of online gambling comes outside of this monopoly, with many companies offering online gambling services that are not supervised by Finnish authorities outside of state regulations.
The proposed legislation would establish a framework for gambling and its supervision licensed within Finland. Under the new licensing system, gambling operators can apply for permission to provide gambling games to the Finnish Supervisory Service. The measure aims to reduce gambling-related damage and convert gambling activities into a regulated environment.
Licenses are granted for certain gambling activities, including the provision of game software. Licensees are also required to pay annual supervisory fees to regulators.
Lottery, pools, totalizer bets, physical slot machines and casino games still require exclusive licenses, so you can effectively maintain Veikkaus Oy's exclusivity on these games, such as lottery games and scratch cards.
The proposal suggests that other companies within the Beikaus Group will manage their monopoly activities and rivals. The government will determine the annual compensation Beikaus pays for the exclusive license. The new legislation will also provide the state with more flexibility in future decisions regarding ownership of Beikaus cucumbers, allowing them to reduce their holdings if deemed potentially beneficial to shareholder value. The proposed changes do not automatically entail a reduction in state ownership.
Regulation of gambling behavior:
The draft law includes provisions on gambler registration, identification and residence verification, age limits, gambling through registered accounts, and more. It also proposes a centralised registration of self-imposed gambling bans applicable to all licensed operators.
Marketing and sponsorship of gambling games will also be regulated. Licensed operators will be able to advertise their services under certain restrictions, but account collaboration with social media influencers will be prohibited. Marketing should be moderate to drive demand with licensed gambling. Marketing for high-risk gambling games will be banned, and physical slot machines and casino games remaining under Baykaus' monopoly will not be able to be marketed. Marketing efforts could not be targeted at minors or vulnerable groups. 카지노사이트 모음
The current supervisory role of the police department will be transferred to the newly proposed Finnish supervisory authority under the finance ministry. The agency will have broad powers to enforce regulations including imposing administrative sanctions, banning illegal gambling activities, revoking licenses and enforcing compliance with fine payments. It will also have the power to conduct test purchases to monitor compliance.
The agency can impose administrative fines and financial penalties for violations and will oversee compliance with money laundering and anti-terrorism financing laws.
Network blocking and payment blocking measures will prevent unlicensed gambling, drive demand with licensing and regulatory options and strengthen gambling-related damage prevention, according to a press release from Finland's interior ministry.
The Finnish Institute of Health and Welfare will continue to monitor, study, and evaluate gambling and its related damage. Projects to prevent and reduce gambling-related damage will be able to provide discretionary government subsidies.
The government aims to submit the proposal to Congress in the spring session of 2025, with the new system set to be phased in. Applications for gambling licenses will begin in early 2026, with licensed operations beginning in early 2027. Beikaus Oi will remain exclusive until the end of 2026. Games software licensing applications will begin in early 2027, with requirements for licensed game software providers taking effect in 2028.
Celtic leave for a new challenge in Genk, Belgium
Oh Hyun-kyu, who was evaluated as one of the next-generation strikers to lead Korean soccer, will quit his career at Celtic Scotland for the first time in two years and start anew in Belgium.
Belgian professional football KRC Genk announced on the 15th that Oh Hyun-kyu has joined the club with a four-year contract. Genk's transfer fee to Celtic is known to be around 4.5 million pounds about 8 billion won. "Henk is a team with a lot of experience in developing young players," Oh said. "I can't wait to show myself on the ground."
Torsten Fink, who will lead Oh Hyun-kyu at Genk, is a coach who has coached Son Heung-min Tottenham Hotspur and Park Ju-ho retired. Fink coached Park Ju-ho at the Basel Switzerland in 2011 and actively utilized Son at the Hamburg Germany in the 2012-13 season. He also appointed Lee Jin-hyun Puschha Niepourmiche as an intermediary in Vienna, Austria in 2017.
Oh Hyun-kyu, who left Suwon Samsung for Celtic in January last year, scored seven goals in the 2022-23 season and five goals in the 2023-24 season. However, as Adam Aida, who played for Norwich City England, was recruited in January, his position declined, so he was only substituted for one game until the end of the season.
Genk finished fifth in the league with 16 wins, 12 draws and 12 losses last season.
Live racing season at Canterbury Park
Another summer horse race kicks out the door with the arrival of the live 'Surbred' and 'Quarter' horse racing season at Canterbury Park on Friday evening. The 63-day race reflects Canterbury's continued success with purse strings and horse counts remaining at record levels. The 2003 season also includes a $54 race-packed schedule of more than $1.8 million, including the return of the 'Claim Crown' and the ' $100,000 Lady Canterbury' stakes.
The heart of this season is the Claim Crown. In its fifth year, the Claim Crown has become a staple in the horse racing world. Attracting horses from across the country, the Claim Crown is a unique event designed to highlight the blue-collar runners who form the backbone of the industry. The Claim Crown Days in Canterbury Park attracted more than 10,000 fans vying for nearly $1 million. 슬롯사이트
The daily wallet count is a continuation of a series of increases that began in 2000 thanks to the success of the Canterbury Card Club. For 2003, the average daily wallet will be around $120,000, and this amount will increase significantly by 2004 if Canterbury succeeds in winning additional gaming rights in the current Minnesota state legislature. With Canterbury Park expecting to be able to hold 1,600 horses again, the wallet structure has proved attractive to horsemen.
On the track, defending riding champion Seth Martinez returns to defend his title against a group that includes Canterbury Hall of Famer Scott Stevens and two-time champion Derek Bell, who will return after seven years. Training champion David Van Winkle returns with JP Jet late in 2002 with an influx of new faces for the big, talented runners.
U.S. Northeast casinos rattled by online bets
U.S. Northeast casinos rattled by online bets, smoking and looming New York rivalry concerns
Currently, casinos in the northeastern United States are facing many problems as they prepare for the emergence of new competitors in New York City. Among those problems are operating losses from illegal online operations, an ongoing debate over whether internet gambling harms or helps actual casinos' profits, and a potential smoking ban in Atlantic City. Also, these issues were acknowledged at a major casino conference in Atlantic City on Apr. 17.
How New York's Rival Affects Atlantic Casino's Business Flow:
Earlier, at a casino conference called East Coast Gaming Congress at Hard Rock Casino, the panel spoke about the turbulence in the industry, especially as they prepare for the influx of three casinos that are expected to reshape the gambling market in the region in Downtown New York State.
In New York, we are currently preparing to answer hundreds of questions from casino operators, and we are working on selecting casino locations before we even consider compensating for the licenses available.
In this regard, New Jersey Casino Association and Atlantic City's resort casino president, Mark Giannantonio, noted that Atlantic City has two years of preparation to prepare for new competitors coming from New York.
In this regard, he said, opting to gamble and anticipating stronger competition for customers in other states and the region who will visit New York: "We're clearly seeing the New York game as a threat in general." In addition, he added that the New York casino will also affect competitors in Connecticut and eastern Pennsylvania.
Atlantic City needs to improve to meet new challenges:
Atlantic City needs to take public safety, infrastructure and cleanliness to new heights to face the challenges that new competitors will bring to prepare themselves to face.
Speaking on the topic, Giannantonio said: "Casinos can only do so much. We provide jobs, water supply. Let's match the beautiful aspects of the streets and the ocean. Let's take care of our homeless population forever. We need investments and programs to take the homeless from under the streets or boardwalks and give them the help they need."
Furthermore, on the afternoon of April 17, Atlantic City Mayor Marty Small did not immediately respond when asked for comment.
New York Game Association President Stacey Rowland commented that fresh casinos in the future want to get gambling money that other states now have access to. In response, she commented: "Competition is a good thing. Competition from New York City will be a motivation for (the competitors) to step up."
Atlantic City Casino Employees Want To Quit Smoking At Gambling Venues:
In addition to the aforementioned issues, Atlantic City is now under pressure from casino workers who want to ban smoking on floors reserved for gambling sites. They have called on lawmakers to enact a no-smoking law, and recently filed a legal action to revoke a New Jersey law that would free Atlantic City's casinos from the state's indoor air law.
In response, Giannantonio noted that the smoking ban is "one of the biggest threats to our business right now." He also anticipated that smoking would result in millions of lost state tax revenues and around 2,500 casino jobs.
He supports a compromise. The compromise means allowing workers to smoke away from table games and in rooms where they do not have to work. Nevertheless, casino employees dismissed these claims and said casinos would be better off financially by attracting non-smokers who currently avoid casinos.
On the subject, Ramon White, a Borgata dealer and leader of the employee smoking cessation movement, said: "Casino executives continue to make unreliable claims and are fomenting false compromises that will force us, solely our own employees, to breathe toxic air in our workplaces every day. They can't care less about cancer, heart disease, stroke, COPD, and countless other illnesses that come from this unacceptable work environment that every worker in other New Jersey doesn't have to face."
Discussion of online gambling:
Some states are once again considering internet gambling as a way to generate new revenue. It is also now legal in Rhode Island, Connecticut, Michigan, Pennsylvania, West Virginia, Delaware, and New Jersey.
According to Giannantonio, online gambling has been proven to benefit Atlantic City's offline casinos. For example, the resort has a popular online department that is linked to DraftKings' bookmakers.
However, there are those who disagree, such as Florida, Pennsylvania, and Maryland, and Rob Norton. He said, "It's cannibalism," noting that online casino gambling is negatively affecting actual casinos. Also, commenting on the industry as a whole, he added, "The approach we're taking right now is to compete with ourselves."
But others in the industry have said that online gambling only complements their physical casino operations, so his opinion is isolated.
Speaking about it, Giannantonio said, "For New Jersey, it was an added bonus." The resort successfully integrated its customer loyalty program across its online and physical sectors. 무료슬롯사이트
Online sports betting is "a cash cow for iGames" and physical athletes," he added. "We have a lot of people who are betting on sports online coming to our physical locations to make bets."
In addition, every panel cited land, unlicensed, unregulated slot machines and illegal offshore gambling sites as additional threats to the industry.
Interblock Gaming And Boomtown Casino Reveal New Smart Fit
Interblock Gaming, a developer and supplier of high-end electronic table games (ETGs), is pleased to announce the first local installation of the award-winning Smart Fit at Boomtown Casino Biloxi, a PEN Entertainment, Inc. property. This state-of-the-art gaming setup, which is prominently located at the entrance to the casino, launched on Tuesday, June 11.
To celebrate the innovative addition, Boomtown Casino Biloxi will host the Grand Opening event on Thursday, June 27, from 3 p.m. to 5 p.m. The event will include delicious words, exciting giveaways, and a variety of activities for guests to enjoy. A ribbon cutting ceremony will take place at 3:30 p.m. to celebrate the official launch of Smart Fit. The public can participate in the festival, which promises an energetic, joyful atmosphere filled with joy and fun.
"We are excited to partner with Boomtown Casino - Biloxi for the launch of Smart Pit technology. This installation marks an important milestone in our mission to revolutionize the gaming experience by combining cutting-edge technology with traditional gaming elements to improve both player engagement and operational efficiency," said John Connelly, Interblock's CEO.
Boomtown Casino Biloxi's Smart Fit provides players with an unrivalled gaming experience featuring live crab, dual roulette, and two blackjack tables. This state-of-the-art setup combines the interest of traditional table games with the benefits of sophisticated technology. Chip-free technology ensures seamless play and accurate payments. Players can expect immersive gameplay with interactive dealer experiences, different side bets, and the thrill of participating in multiple games simultaneously. The Smart Fit is designed to ensure an engaging and enjoyable gaming experience for both seasoned players and newcomers.
Barry Regula, Vice President and GM of Boomtown Casino Biloxi, says, "We are excited to launch Boomtown's EZ Play Zone, which is based on Interblock's Smart Pit solution. EZ Play Zone provides guests the convenience and flexibility to bet electronically on Blackjack, Roulette, and Crabs, while maintaining the fun and camaraderie of interacting with real dealers and other guests."
Interblock's Live Craps transform traditional games by allowing players to intervene in the shooter's role, adding to the excitement of live dice awareness for a truly immersive experience. Dual Rulelet boosts the action with two wheels coded with synchronized colors, offering up to 120 rotations per hour for fast and engaging gaming. For Blackjack enthusiasts, the Smart Fit table includes a variety of thrilling side bets, making each hand more excited and interactive than ever before. This innovative setup redefines the casino experience by allowing players to enjoy more gaming time, faster rounds, and smarter gameplay.
"Once again, PEN Entertainment's properties on the Gulf Coast are proud to be the first properties to offer state-of-the-art gaming technology with the first local installation of an integrated smart pit suite," said Tosha Tousant, Vice President of Casino Operations at Boomtown. "In addition to being the first properties in the connected multi-real estate table game backcarat progressive jackpot and Mississippi to offer cashless gaming on the Hollywood Gulf Coast, it is now the first properties outside of Las Vegas to offer smart pit blackjacks, roulette, and crab."
Jeff Kowalchuk, Interblock's vice president of innovation, added, "The launch of Boomtown Casino Biloxi demonstrates our commitment to transforming the gaming landscape. By integrating advanced technology with classical table games, we are setting new industry standards. This innovation is a game-changer that both players and dealers can enjoy." 안전 슬롯사이트
Smart Fit also improves the dealer experience, making operations more intuitive and streamlined. The system's dealer console provides clear guidance to reduce the need for extensive training and gain extensive employment. Dealers can manage multiple games simultaneously, increasing efficiency and player interaction. This user-friendly approach ensures that new dealers can quickly adapt and succeed in dynamic casino environments.
Mandy Radner, vice president of human resources at Boomtown Casino Biloxi, says, "Smart Fit opens the door to new potential team members who may have been daunted by the handling of cash, chips and the requirement to perform real-time calculations as 'live' dealers. Now, if you're interested in the fun, fast, and social environment of the casino, you don't have to break in with dealer schools and practices for months, just a great personality and desire to entertain and delight your guests."
