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Veikkaus Slot ID Cuts Player Losses

Editor by Editor
January 16, 2021
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Veikkaus introduced that from January 12, the corporate will demand from its clients to confirm their identification.

The new regulation is a part of the participant safety measurements and the operator expects to chop gamers’ losses by as much as €300m.

According to the brand new system, gamers can log in by utilizing a digital identification card that they will discover accessible on their telephones.

According to Veikkaus consultant, director Jari Heino, the change will make it simpler for the gamers to regulate their playing, will result in fewer losses, and can be sure that all gamers are no less than 18 years previous, since they supply their identification with a purpose to gamble.

Heino added: “If a customer experiences gambling as problematic, as a result of this reform, for example, he has the opportunity to completely prevent himself from gambling on slot machines,” Heino stated. “For a large proportion of Finns, gambling is not problematic, but through this measure we want to offer preventive tools to those who are at risk of difficulties.”

Important Move

The huge transfer was first introduced in October 2020 in sure areas of Finland. It was first a pilot programme that grew and expanded. In November extra areas have been added and in December the operator introduced that the measurements will unfold out nationwide.

The new ID verification for slot machines was presupposed to be applied in 2023. However the supplier discovered himself pressured lately to strengthens its playing insurance policies.

Veikkaus will deliver extra management measures this 12 months, equivalent to restrictions in gaming halls, which can permit solely clients that verified their identification to play. This will occur in July when not solely the slot machines would require identification. Other video games might be topic to the brand new requirement by 2023.

In April 2020, Veikkaus minimize loss limits for on-line on line casino video games to €500 per week. This measure can be stored in place no less than till March 2021.

The present pandemic compelled the corporate to cut back the variety of slots in operation. 8,000 of them might be taken offline by the top of 2021. The quantity was elevated in June from 3,500 units.

Veikkaus reported 28.1% decline in gross income as a result of impression of the virus.

Currently nearly all Veikkaus slot machines are unavailable on account of coronavirus pandemic however a lot of these shut down machines will begin working once more when the brand new ID rule comes into place.

According to the European Union member, Finland is the one European nation that maintains a playing monopoly. In December, the European Gambling and Betting Association (EGBA) requested from Finland to alter its coverage by ending Veikkaus’ monopoly standing.

Source: Veikkaus: “Slot ID controls will cut player losses by €300m”, iGaming Business, January 11, 2021





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