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Finnish Minister Says State Should Treat Gambling Monopoly Revenues like Alcohol Profits

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Antti Kurvinen, Finland’s minister of science and culture, has proposed that revenues from the state-owned gambling monopoly, Veikkaus, be transferred to the state budget.

On Saturday Kurvinen said that the betting agency’s income is declining, and without a change so will the income of charities and other groups that benefit from its profits. Veikkaus revenues are distributed to organisations in the fields of culture, sports, science, and youth work as well as social welfare and health.

Kurvinen proposed making the change from the beginning of 2024.

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“My view is that from the beginning of 2024, Veikkaus’ income should be transferred to the state budget in the same way as, for example, Alko transfers its own dividends and income to the state budget, from which they are used for good purposes,” Kurvinen said.

Kurvinen said that he has reached the same position on the matter as a working group chaired by former Bank of Finland Governor Erkki Liikanen, which last spring proposed a comprehensive reform to divert gambling revenues to general government revenue and transfer current beneficiaries to the budget framework procedure.

The need for reform is due to Veikkaus’ declining income. This is due to a drop in slot machine revenues because of the coronavirus pandemic, as well as measures taken to tackle gambling addiction.

“Without a clear change and reform, we will find ourselves in a situation where the income of Veikkaus’ beneficiaries is constantly falling. This is about the income of Finnish science, culture, youth organisations and especially sports and exercise,” Kurvinen said.

According to Kurvinen, the distribution of Veikkaus revenues through the budget would bring predictability to cash flows, which is essential for beneficiaries.

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“Recent years have shown that we are in a strange situation here: the success of a Finnish gaming company determines what kind of resources there are, for example, for top Finnish sports and youth sports or for high-level Finnish research. This creates a strange, uncertain situation,” Kurvinen said.

The problem with the new way of distributing Veikkaus, revenues has been that it would make the funding of beneficiaries dependent on political decision-making.

Kurvinen does not deny that the change would increase the role of political decision-making, but said he considers that a lesser evil than the uncertainty and funding cuts that lie ahead if no reforms are made.

“In the long run, however, it would be clearer and less problematic to make political value decisions than for the success of Veikkaus’ business to be the determining factor in how many opportunities there are for young researchers in Finland or how much art is funded in Finland,” Kurvinen said.

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Week 21/2024 slot games releases

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Here are this weeks latest slots releases compiled by European Gaming

Relax Gaming is bringing classic 8-bit sprites to the reels in its brand-new arcade-themed release, Line Busters Dream Drop. This high volatility three-reel slot allows players a chance to win a maximum of 5,000x their stake through a lucrative free spins bonus. The legendary Dream Drop Jackpot can also be triggered at any moment, potentially landing players the €3,000,000 Mega Jackpot.

Relax Gaming levels up with the release of arcade-inspired Line Busters Dream Drop

 

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Evoplay has rolled out its latest release Belfry Blissa sizzling feature-rich slot that showcases the Hells Bells round, awarding multiple money values in conjunction with the hell-raising Dante symbol. The Devil’s Luck feature comes into play in the base game and free spins as two to three random icons can be replaced by Scatters should just one of them land on a spin.

Evoplay presents an inferno of blazing riches in Belfry Bliss

 

Nolimit City takes fans away from the twisted plastic reality of its latest and highly anticipated slot, Kenneth Must Die. The provider hasn’t fallen short of delivering exhilarating and volatile slots, from re-works of classics such as Tombstone No Mercy to haunting players as was seen in Possessed. They have now turned their focus to an alternate version of 90s infomercial television in Loner.

Nolimit City Brings 90s TV Back to Life with their Latest Release; Loner.

 

Endorphina, has announced the official release of its newest Egyptian-themed game. Temple of Ra is a cascading slot 6-reel, 5-row slot that encourages players to uncover the hidden chamber of Ra and unravel the secrets buried within.

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Temple of Ra: Endorphina releases a new Egyptian-themed cascading slot

 

Light & Wonder, Inc. has released Claw and Roar, from specialist slot provider Lightning Box, one of Light & Wonder’s in-house studios, exhibiting a plethora of animal symbols that award unique modifiers and features. In this 3×5 adventure, players step into a blissful forest, making friends with a number of creatures along the way, including the grizzly bear, who stars as a Wild symbol.

 

Latest 3X3 Slot Game from Spin Logic featuring Expanding Reels, Huge Win Multipliers, and 2 Jackpots This week, Everygame Casino introduces its decadent new Wonder Reels slot game from SpinLogic. This lavish new game features Ways Boosters, jackpots, and huge win multipliers. There can never be enough bling in the new Wonder Reels, a luxurious 3X3 slot with an expanding gameboard and free games with win multipliers and jackpots.

Everygame Casino Releases New Wonder Reels Slot

 

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Wishbone Games, a Games Global exclusive studio, has launched its latest feature-filled title with a twist in tranquil new release Kingfisher™. Set amongst the wildlife, players join the titular Kingfisher on the reels that are adorned with fish, dragonflies and frogs, unlocking different adventures and features along the way by hatching five eggs that sit above the matrix on the 5×4 grid.

Games Global and Wishbone Games hatch a treat in Kingfisher™

 

Trigger Happy is the new highly volatile arcade-style slot from BTG that will be blasting its way onto the Evolution Network. The new cluster-pays slot tips its hat to video arcade games of yore, inviting players to blast a cascade of fluffy critters in a 5X5 grid embedded inside an arcade game mechanism. Meanwhile, the 50,000x win potential ramps up engagement levels to the max.

BTG’s ‘Trigger Happy’ to Bring Arcade Action to Evolution 22 May 2024

 

Inspired Entertainment, Inc., is delighted to announce the launch of Gold Fever Fortune™ in the B3/LBO market. Gold Fever Fortune™ offers the tantalizing possibility of uncovering riches hidden deep within the mines. Players should prepare for an adventure filled with excitement as they watch progressive cash pots grow, uncover Streak Spins promising guaranteed wins or bonus awards, and delve into the Gold Rush Board, where a multitude of cash prizes await discovery.

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GOLD FEVER FORTUNE SET TO STRIKE GOLD IN THE UK B3/LBO MARKET

 

Thunderkick has launched its latest release King of the Party, which couples feature-rich gameplay with eye-catching visuals to deliver an entertaining player experience. Lions, hyenas, lynx, lizards, and pigs reside on the reels, each stylised with retro sunglasses and sporting various items of jewellery. These animals represent the mid to high-paying symbols, with the Savannah’s apex predator being the most lucrative.

 

The latest slot from Hölle Games is now live: “Sin in Berlin”, is a 5×4, 25 payline game/trip into the party-scene of a capital known for its party scene since the Roaring Twenties. The slot also features a special wheel game, which when triggered, can award up to 30 Free Spins with a 3x multiplier! On top of that, the Free Spins always feature an expanding wild character, which can provide some truly epic win potential.

Sin in Berlin slot

 

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Yggdrasil has released its latest core title, Monkeys Go Bananas MultiMax™built around the studio’s proprietary MultiMax Game Engagement Mechanic (GEM) that can see unlimited multipliers land for huge wins. The popular mechanic allows every win to be multiplied by up to five different multipliers associated with each of the game’s reels. If numerous reel multipliers are applied to a win, they are automatically multiplied and not summed.

Yggdrasil offers multipliers aplenty in Monkeys Go Bananas MultiMax™

 

Pragmatic Play, sets off on a valiant quest in Heroic Spins, where the game’s fearless protagonist wields expanding wilds to save the city and rescue the princess. Monsters roam the reels in this 5×3 Slot. Whenever one or more wilds hit, they expand to fill the entire reel.

PRAGMATIC PLAY SEEKS A CHAMPION IN HEROIC SPINS

 

Wazdan has given another popular slot a lighter version with the release of its latest slot game, Power of Gods™: Valhalla Extremely Light. This elegant and fresh addition to the extraordinary Power of Gods™ series offers players an immersive gaming experience, regardless of their internet connection or battery mode.

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Wazdan adds to the revamped collection with Power of Gods™: Valhalla Extremely Light

 

The King of Rock ‘n’ Roll returns to Sin City with buck teeth and an insatiable appetite for bark and big wins in Crucible Gaming’s latest release Beaver Las Vegas. This epic 5-reel, 20 payline slot can see players rack up impressive prizes by way of a free spins feature, lucrative record symbols and the truly spectacular Beaver Las Vegas bonus.

The King returns to Sin City in Crucible Gaming release Beaver Las Vegas

 

One of the hottest game studios in the industry, Booming Games, is turning up the heat and inviting players to a vibrant fiesta set in the heart of Mexico, complete with a thrilling market hunt for the perfect chillies. With a 5×3 layout and 20 paylines, The Chillies is a hot and tantalising creation from Booming Games with exciting winning features.

Arriba, Arriba with “The Chillies”, the latest Mexican adventure from Booming Games

 

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Players will be enchanted with this latest hit slot from Stakelogic as they enter the world of one of Greek mythology’s most iconic gorgons. Stone Gaze of Medusa is a 6×5 reel format which encompasses all the fantastic features that players have come to love from Stakelogic including Cascading Reels, and Free Spins – all set within a hauntingly beautiful ancient world.

Stone Gaze of Medusa is the new mesmerising slot from Stakelogic

 

Leprechaun magic awaits as Blueprint Gaming’s popular folklore series returns with Luck O’ The Irish Gold Spins Trail Blazerfeaturing enticing wins courtesy of a new dynamic trail during the game’s Gold Spins. In the familiar 5×4 reel game board, three bonus symbols trigger eight free spins or ‘Gold Spins’, where only the top three symbols and wilds appear on the reels, boosting the chance of securing grand wins.

Explore the fortune trail in Blueprint Gaming’s Luck O’ The Irish Gold Spins Trail Blazer

 

Inspired Entertainment, Inc., a leading B2B provider of gaming content, systems and solutions, is pleased to announce its May slots line-up, available online and on mobile. Kong Wonder Wilds™ – 92% and 94.5% RTP, Wild Drop Multiplier™ – 92% and 94.5% RTP and Perfect Prize Pooch™ – 92% and 94.5% RTP.

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INSPIRED LAUNCHES ITS MAY LINE-UP OF ONLINE & MOBILE SLOTS

 

Reflex Gaming, an omnichannel supplier of gambling games, has once again teamed up with Yggdrasil, a leading iGaming publisher on the launch of Diamond Miner DuoMax™utilising a powerful Game Engagement Mechanic (GEM) to offer precious prizes. A cascading slot that modifies its reels for win potential, the latest release places players in a deep, dark mine where the only lights shining are the glittering gemstones in the reflection of the miner’s lantern.

Reflex Gaming’s Diamond Miner DuoMax™ shines with Yggdrasil’s GEM

 

 

The post Week 21/2024 slot games releases appeared first on European Gaming Industry News.

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LEON.BET partners with 9INE to become their Exclusive Online Betting House

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We at LEON.BET are thrilled to announce our partnership with 9INE, one of Europe’s top esports organizations known for their focus on Counter-Strike 2 (CS2). This partnership will take esports betting to a new level, offering fans exclusive content and exciting new ways to engage with their favorite games.

As a leading online betting platform, LEON.BET offers a wide range of betting options across sports, casino and esports. Our user-friendly interface, competitive odds, and commitment to fair play have made us a trusted name worldwide. We’re also dedicated to supporting young talents, believing it’s the key to a bright and promising future.

Through this partnership, we aim to combine 9INE’s expertise in competitive gaming with our innovative betting platform. This will create a more immersive experience for esports fans, providing new and exciting betting opportunities along with exclusive behind-the-scenes content.

“We are extremely happy to start our cooperation with 9INE. Recent changes to their roster show huge potential, and we at LEON.BET want to be part of that journey,” said our CGO.

“Together with 9INE, we will create a fantastic space for esports enthusiasts. Supporting young talents is at the core of LEON.BET’s development strategy, and we see great future and prospects in this path.”

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LEON.BET partners with 9INE to become their Exclusive Online Betting House

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We at LEON.BET are thrilled to announce our partnership with 9INE, one of Europe’s top esports organizations known for their focus on Counter-Strike 2 (CS2). This partnership will take esports betting to a new level, offering fans exclusive content and exciting new ways to engage with their favorite games.

As a leading online betting platform, LEON.BET offers a wide range of betting options across sports, casino and esports. Our user-friendly interface, competitive odds, and commitment to fair play have made us a trusted name worldwide. We’re also dedicated to supporting young talents, believing it’s the key to a bright and promising future.

Through this partnership, we aim to combine 9INE’s expertise in competitive gaming with our innovative betting platform. This will create a more immersive experience for esports fans, providing new and exciting betting opportunities along with exclusive behind-the-scenes content.

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“We are extremely happy to start our cooperation with 9INE. Recent changes to their roster show huge potential, and we at LEON.BET want to be part of that journey,” said our CGO.

“Together with 9INE, we will create a fantastic space for esports enthusiasts. Supporting young talents is at the core of LEON.BET’s development strategy, and we see great future and prospects in this path.”

The post LEON.BET partners with 9INE to become their Exclusive Online Betting House appeared first on European Gaming Industry News.

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