In a landmark decision, the Finnish government has taken an essential step towards meaningful gambling reform by announcing new regulations to overhaul the country’s gambling industry. The European Gaming and Betting Association (EGBA) has welcomed this development, which they believe will lead to a more regulated and responsible gambling market in Finland.
The Finnish government’s new regulations include measures to address problem gambling and ensure fair competition in the industry. Among the key changes are stricter age verification processes, enhanced player protection measures, and a new licensing system for online gambling operators.
One of the most significant changes is the introduction of a licensing system for online gambling operators, which will allow foreign companies to apply for a license to operate in Finland. This move is seen as a step towards opening up the market and increasing competition, which will benefit both consumers and the industry as a whole.
The EGBA has long been advocating for a more regulated and competitive gambling market in Finland, and they see these new regulations as a positive step in the right direction. Maarten Haijer, Secretary General of the EGBA, stated that “the Finnish government’s decision to overhaul its gambling laws is an important and welcome development which will help to better regulate the market and protect consumers.”
In addition to the licensing system, the new regulations also include measures to prevent problem gambling and protect vulnerable players. This includes mandatory responsible gambling tools and stricter controls on advertising and marketing practices.
Overall, the EGBA believes that these new regulations will lead to a more transparent, competitive, and responsible gambling market in Finland. They see this as a positive development for both consumers and the industry, and they look forward to working with the Finnish government to implement these changes effectively.
In conclusion, the Finnish government’s new regulations represent a significant step towards meaningful gambling reform in the country. With measures to address problem gambling, ensure fair competition, and protect consumers, these changes are a positive development for the industry as a whole. The EGBA welcomes this decision and looks forward to working with the Finnish government to implement these reforms successfully.
