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Landmark Finland Gambling Law Begins Parliamentary Process
Finland’s groundbreaking gambling law, aimed at establishing a competitive licensing system, has started its journey through parliament.
Key Highlights
- The proposed law, put forth by the Ministry of the Interior, is expected to undergo scrutiny in parliamentary sub-committees.
- Approval is anticipated before the summer recess, but the legislative process may extend into autumn 2025.
- New licensing is set to start from 1 January 2026 for operators, with a proper market launch projected for the following year.
- The bill includes a 22% Gross Gaming Revenue tax on operators and the introduction of a new gambling regulator.
- Longstanding concerns over the existing monopoly model prompted this reform, aiming to capture a larger market share and address gambling-related issues.
Why should I read this?
This article provides crucial insights into a significant reform in Finland’s gambling landscape, which affects operators and consumers alike. Understanding these changes is essential for stakeholders looking to navigate the upcoming licensing processes and compliance requirements as the market opens up to competition.
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