Veikkaus revenue falls 12.7 per cent in 2021

Veikkaus implemented additional safer gambling measures in 2021.
Veikkaus implemented additional safer gambling measures in 2021.

The Finnish monopoly operator Veikkaus has posted revenue of €1.10bn in its full year results.

Finland.- The Finish gaming monopoly Veikkaus has reported that its revenue fell 12.7 per cent year-on-year in 2021 to €1.10bn. However, it said that its market share fell 5 per cent to 74 per cent, meaning that unlicensed gambling accounted for 26 per cent of gaming in Finland.

Veikkaus’s casino games generated €323.4m, a drop of 30.1 per cent from 2020. Of that, €142.9m came from slots. Lottery revenue also fell, down 5 per cent to €627.6m. However, betting revenue rose 8.6 per cent to €148.9m.

Betting games, including multiplayers, live bets and long bets, account for €86.3m, the rest coming from toto games. Net profit came in at €680.3m, down very slightly against 2020.

Last year, Veikkaus announced that it was laying off staff due to a decline in revenue. Some staff were moved to its new Casino Tampere. However, the operator has also reported that its reduced loss limits had cut problem gambling to a record low.

See also: Finnish Lottery Act passes first reading

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Gambling Veikkaus