amendments to Finland’s Lotteries Act were notified to the EC on May 31st and
are subject to a standstill period ending September 1st.
Under the current
Lotteries Act, gambling in Finland is only authorised through the
state-controlled operators Fintoto Oy, Raha-automaattiyhdistys (RAY) and
The amendments would transfer this right to an as yet unnamed
company which will be formed through the merger of the three incumbent
operators and tasked with organising gambling so as to “safeguard the legal
rights of gaming participants, prevent misuse and crimes and prevent and reduce
the negative economic, social and health impacts of gambling”.
The amendments also
set out the responsibilities of the new company’s administrative board, which
will be responsible for monitoring and supervising that the gambling operation
is carried out as provided for by law, as well as its advisory committee, which
will be charged with monitoring the achievement of financial and political
goals and the company’s development needs.
The proposed changes
would also see article 3 of the Lotteries Act amended to allow the company to
“also run new types of gambling as well as combinations of various types of
The Finnish government
plans to complete the merger of the three gambling operators by no later than
the start of 2017, with the combined entity – which will be entirely
state-owned – expected to generate annual revenue of approximately €1.2bn.