Veikkaus Announces Expansion

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

Login to post a comment:


Click Here to register a new account

What's going on right now!

15s ago someone from us flag United States read article Greek Intralot Closes Deal with Czech Fortuna

Bingo Community

Share this page on:
Follow LBB on:
Follow LBB

Join now for full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.

In the last 24h


  • New Members
  • Members Online
  • Guests

eighteen plus only

Follow LBB on Facebook Follow LBB on Twitter Follow LBB on Pinterest Follow LBB on Google plus


Subscribe to our newsletter and get access to tournament codes, the biggest and best exclusive offers, new brand alerts, rogue reports and more!

Enter your email adress:

T&C's Apply. 18+

You have been successfully subscribed to receive LBB newsletter!