23rd of June 2011 Author: Glo Wood
New subsidiary to open up paths to new partnerships
According to this week's reports, Finland's state-owned lottery operator Veikkaus plans to expand its operations into Russia, China and the U.S., and having this goal in mind, it has set up a subsidiary which will start working in July and will be re-evaluated in 2013 as to its viability. It is believed that markets outside the EU are being targeted by the company in order to prevent jeopardising its own monopoly.
It has been specified that the plan is not to apply for licenses in the target markets, but to enter partnerships with companies that already operate there.
According to Veikkaus vice president, Olli Sarekoski, "We are seeking bigger entities to enter into business arrangements with - traditional gambling operators, system vendors and media companies looking for new partnerships."
General Bingo News
28th of June 2011
14th of November 2009
10th of December 2018
8th of December 2018
6th of October 2018
27th of October 2018
25th of October 2018
18th of October 2018
9th of October 2018
10th of October 2018
Join now for full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
Disclaimer Contact Us Privacy Terms and Conditions Gambling Help About Us Site Map Trusted Portals
LatestBingoBonuses.com © 2006-2018
Enter your email adress:
T&C's Apply. 18+
Do not show this again
You have been successfully subscribed to receive LBB newsletter!