Finland’s Veikkaus considers table games reduction

The state-owned company is contemplating a cease in gaming tables due to an increase in digital competition.

Finland.- Veikkaus revealed on Monday that it is considering significant changes for the company after an increase in digital competition. The company could stop its gaming table operations and cut as many as 400 jobs.

The state-owned betting monopoly said in a statement that it is considering a phase-out of all its table gaming operations in restaurants. The company currently runs 187 gaming tables in 162 restaurants, bars, casinos and other locations.

Veikkaus is also discussing the possibility of reducing its workforce, with the talks involving 1,300 employees out of its total workforce of 2,000, Yle informs. The measure aims to cut off its payroll by approximately 400 jobs.

Olli Sarekoski, CEO of Veikkaus, said that the cuts are necessary as there is an increase in digital competition and business shifting onto digital channels: “Due to structural changes, our network of sales locations has shrunk considerably in recent years. Therefore we are planning significant overhauls of our gaming locations and an end to the restaurant gaming table business.”