Veikkaus Oy, the Finnish betting agency owned by the government has revealed a brand new responsible gambling campaign designed to reduce the number and traffic on the slot machines in this Scandinavian country. The operator’s officials have announced that they would reduce their number of slot machines by twice as many as was previously planned. An official press release was sent out to the media regarding the new campaign.

In this official press release, it was revealed that the company has over 18,500 slot machines at sites across the Scandinavian nation. Initially, the plan was to reduce its slot machine estate for around forty percent or to 11,000 by the end of this year. This campaign was actually launched back in December of 2019 after the company came under fire for lack of responsible gaming protocols and for not doing enough to prevent gaming and gambling-related harms.

The company was also under fire for not doing enough to help vulnerable players from developing harmful gaming habits. To spread awareness about the importance of responsible gaming campaigns, the company’s new slot machine estate reduction plan includes further cuts which will leave Veikkaus Oy with some 10,500 slot machines in the following years.

Veikkaus Oy Since 2017

As previously mentioned, Veikkaus Oy is the government-operated and owned betting agency that currently holds a monopoly over gambling and gambling activities in Finland. The betting agency emerged on the stage in 2017 and it was established through a merger of three other betting agencies including Finland’s Slot Machine Association, Fintoto, and Veikkaus.

Back in January of last year, Veikkaus Oy announced its plan to reduce its current workforce by around four hundred positions. At the same time, the company also announced overhauls of its gaming locations as well as its responsible gaming campaign which will see the company reduce its massive slot machine estate. When it comes to the company’s profit distribution, it is determined by the law and according to the law, fifty-three percent of its profits go to the Ministry of Education and Culture, forty-three percent go to the Ministry of Social Affairs and Health and four percent go to the Ministry of Agriculture and Forestry.

Post-Coronavirus Revival

According to the company’s officials, the company is stepping up its game when it comes to responsible gaming policies and protocols. Moreover, the company’s plan is to hit its long-term goals of its envisioned slot machine estate reduction by the end of this year by which the company hopes to have at least eight thousand fewer slot machines across the nation.

The betting agency also revealed that its envisioned reduction and accelerated exercise will be conducted in several stages throughout this year in hopes of delivering a secure and safe business experience for those who are at risk of developing any kind of gambling-related addiction. Jari Heino who works for Jari Heino used one of the company’s latest press releases to proclaim that his company’s network of Feel Vegas and Pelaamot gaming clubs in addition to Casino Helsinki will soon emerge from lockdowns triggered by the ongoing coronavirus pandemic from the 26^th of June. While the venues will open their doors to the public, they will start by welcoming only a limited number of visitors.

One of the most prominent Finland-based c, the Alands Penningautomatforening or PAF has detailed a significant comparable drop in its gaming revenues which the company has made in 2019 from punters who had lost here at least $32,630 or €30,000. At the same time, the Finland-based company has highlighted its new responsible gaming policies and credentials, especially its significantly lowered maximum loss limits.

According to one report released by GamblingInsider.com, this Mariehamn-headquartered company revealed that last year it had seen its gaming revenues chalk up a massive decline of around 67% on a yearly basis to hit around €3.2 million or $3.4 million. This is the amount of cash that the company had gained from high-rollers as the company’s share of its player base had decreased by around 0.09% to just 0.04%.

Details About Alands Penningautomatforening

Alands Penningautomatforening or simply PAF is a real-money gambling and betting operator that operates form its Alana Islands, Finland-based office. The company is owned and managed by the region’s government. The company was founded in 1966 and since its inception, it remained focused on delivering all sorts of gambling and casinos-related products and services including online gambling services, poker games, physical slots across the Baltic region, lotteries, bingo games, and live betting.

Today, the company offers casino games online as well as across board cruise ships that travel the North and Baltic Sea. When it comes to the company’s physical or land-based gaming activities, they are offered to residents of the Aland Islands mainly. Since Alands Penningautomatforening is managed by the regional government, around €20 million of its funds are distributed to a range of different projects by the Aland regional government every year. Some of these projects relate to sustainability, education, culture, and health.

The company has its loyal customers in Latvia, Estonia, Spain, Sweden, and Finland while it is fully controlled and licensed by the Aland government. What makes this online gambling operator special is its commitment to responsible gaming policies. In fact, Alands Penningautomatforening is doubtlessly a global leader when it comes to responsible gaming policies. Back in 2018, the firm became the very first company of this kind across international markets to set a maximum loss limit for its punters.

PAF’s Maximum Loss Limits

The company’s new maximum loss limits set back in 2018 were crafted to combat problem gambling. According to these limitations, the company’s customers cannot lose more than €30,000 yearly. Besides, PAF employs a variety of other responsible gambling policies such as its prize-winning innovations crafted alongside the Department of Psychology at Stockholm University. It is also worth mentioning that PAF regularly arranges a Responsible Gaming Summit whose main job is to raise awareness concerning responsible gaming.

As of October 2019, the company lowered its gambling maximum loss limit from €30,000 to €25,000. According to GamblingInsider.com, PAF had experienced a significant rise of around 10% on a yearly basis last year from punters who had lost money while gaming here. Despite lowered maximum loss limitations, the company had also experienced increases of 4% in both its profit and gross gaming revenues which reached €25 million and €102 million respectively. Commenting on the amazing success of the company’s responsible gaming policies, its CEO said that the company’s casino at PAF.com will handle around €40 million to help the local government with battling the ongoing coronavirus crisis.