Finland Online Casinos
Finland Gambling Laws
Gambling has never been stigmatized in Finland, and the country has had a long and prosperous relationship with this branch of industry. The government has been monopolizing the market since World War II, maintaining the same gambling model for years, despite the global trends. All legal activities are managed by Veikkaus Oy, the state betting agency that was formerly divided into three separate entities (which merged in 2017): Veikkaus, Fintoto, and Finland’s Slot Machine Association.
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Many consider this kind of state-controlled, centralized model to be a golden standard, as it displays a higher level of social responsibility. Not all would agree, and certain political parties in Finland are putting Veikkaus on the spot, requesting implementation of more advanced social responsibility programs. At the same time, the state agency is dealing with growing public demands of a less restrictive and more competitive gambling market.
The political parties’ representatives, on the other hand, have more conservative tendencies, and the majority is favouring a proposal for limited access to slot machines and implementation of a mandatory verification procedure (along with imposed time and money limits). If introduced, the new measures will have a negative impact on the state’s annual revenue, reducing it by €170M.
Online gambling is another sector where Veikkaus dominates, although the state’s Act on Lotteries does not explicitly ban foreign casino operators from offering their services to Finnish players. There are certain indications that the monopoly of Veikkaus is slowly coming to an end, and it was recently revealed that the Finnish Competition & Consumer Authority (FCCA) issued a formal request to the Ministry of Interior, asking for an evaluation of the current system. Many believe that restructuring may be in order and that Finland could, in fact, benefit from opening up to outside operators who would be controlled by designated regulatory bodies.
Software Developers Powering Finland-Oriented Online Casinos
Finland gaming companies mostly specialize in video games software design, while the games available at Finland-friendly online casinos are supplied by remote developers based in Malta, UK, Sweden, etc. Some of the most prominent suppliers are listed below:
Elk Studios is a Swedish gaming software developer launched in 2012, operating under the UK Gambling Commission (UKGC) and Malta Gaming Authority (MGA) licences. The company’s first game – The Lab – was launched in 2013, laying the foundation for an
impressive and innovative gaming catalogue. The exceptional visuals and integrated betting system that allows the players to automatize the betting process is what separates Elk from other gaming providers in the industry.
Quickspin is a part of the elite rank of Swedish-based software providers, together with NetEnt, and the above-mentioned Elk. The company belongs to Playtech group and operates under the UKGC and Alderney Gambling Control Commission (AGCC) licences. Apart from producing award-winning gaming software, Quickspin also offers a back-office platform and an Achievement Engine, which tracks, records, and rewards the players’ in-game progress. In 2018, the company upgraded its gaming software, adding a Hi Roller feature which expands a slot’s existing set of bonuses. Joker Strike slot was the first to introduce the option.
Red Tiger was founded in 2014 and licenced by the UKGC, AGCC, MGA, and the Isle of Man Gambling Supervision Commission. In addition to video slots, Red Tiger produces RNG casino games (baccarat, blackjack, and roulette) and back-office solutions. In 2018, Red Tiger received RNG Casino Supplier and Mobile Supplier of the Year awards (EGR B2B).
Yggdrasil has also had a fair share of accolades; the Malta-based provider was RNG Casino Supplier of the Year in 2019, Innovator of the Year in 2017, Slot Provider of the Year and Gaming Software Supplier of the Year in 2016, Software Rising Star in 2015, etc. Some of Yggdrasil’s slots that captured the players’ hearts are Vikings Go Berzerk, Chibeasties, Valley of the Gods, Tut’s Twister, Hanzo’s Dojo, and Ozwin’s Jackpots.
Evolution Gaming is a leading live casino software provider with the best selection of native roulette tables on the market. Suomi Ruletti (live roulette table with a Suomi-speaking presenter) is particularly popular among online casino patrons from Finland, for obvious reasons.
Top Gaming Choices in Finland-Oriented Online Casinos
Finnish players have the same gambling preferences as players from other European territories. The only difference is that Finns have a slightly stronger affinity towards slots, but casino games and live tables do not fall far behind.
Fantasy and adventure-themed slots are particularly popular, followed by progressives, video poker games, and live dealer tables (poker, roulette, and blackjack). There is also noted interest in lottery-type games.
Popular Payment Methods in Online Casinos for Finnish Players
Finnish citizens are mainly using cards and e-banking services to fund their online casino cashiers, and the operators usually offer a wide range of methods. Interestingly, PayPal is not as popular as in the other parts of Europe, and Finns are much more likely to opt for one of the following alternatives:
Entercash – Malta registered fintech company that operates in 18 countries and supports 4,000 banks. Approximately 100 million clients use Entercash to pay for various e-commerce services, including digital goods. The service is a mediator between the user and the service provider (in this case an online casino), enabling the players to submit a deposit straight from their bank account.
Trustly is a Swedish payment service provider introduced in 2008. The method is clean and simple, allowing the users to submit payments from multiple bank accounts, across 25+ countries. Unlike most services from this list, Trustly was designed with internet gaming in mind.
Neteller is an e-wallet launched in 1999 by Paysafe, which makes it a veteran payment service provider. The funds are stored in a virtual wallet, which can be funded from your bank account, credit/debit cards, Giropay, Euteller, etc. Funds from Neteller balance can even be sent to those that do not have a Neteller account, and the service is available in 200 countries. An added value is that Netteler can also be used for Bitcoin payment processing, and the users can even download a Neteller mobile app or apply for Neteller MasterCard.
Euteller is a local payment service provider, operating under the Financial Supervisory Authority of Finland. It can be used for both deposits and withdrawals, and thanks to Euteller’s Siirto mobile payment service, the users can send money via phones. The service is supported by all major banks in Finland.
Skrill is a digital payment method initially launched in 2001. Skrill wallet can be used for making payments, online casino deposits, withdrawals, and even purchasing cryptocurrency:
Bitcoin, Ethereum, Litecoin…
Zimpler is a mobile payment service developed by a Swedish fintech company founded in Stockholm, in 2011. Zimpler users can pay directly from their bank accounts, payment cards, or through an invoice. There is even an option to create a spending budget.
Finland Online Casino Bonuses
It is not uncommon for online casino operators to segment the promotions and target Finnish players with customized welcome offers. If you are located in Finland, it is important to bear in mind that certain payment methods, such as Skrill and Neteller, can void the welcome bonus (and possibly other promotions). Fortunately, there are plenty of other services to choose from, and the new members can count on first-deposit bonus cash, free spins, VIP bonuses for the most loyal members, and other incentives.