Veikkaus revenue falls 12.7 per cent 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