Veikkaus Launches B2B Subsidiary “Fennica Gaming”

Veikkaus Launches B2B Subsidiary “Fennica Gaming”

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The international business-to-business operations of Veikkaus’ subsidiary Fennica Gaming Ltd have been launched. The company engages in the provision of game services and products to corporate customers on international game development markets.

Timo Kiiskinen, Managing Director of Veikkaus’ new subsidiary Fennica Gaming and former SVP, New Business of Veikkaus Oy, is thrilled about the new company and the launch of the new business.

“The long and thorough preparations are now over, and we have launched the new business operations. We are living historic moments in our industry. The new company enables us to commercialize the gambling industry expertise that we have in Finland,” Timo Kiiskinen said.

At the beginning of 2022, a new Lotteries Act was adopted in Finland, enabling Veikkaus to launch international B2B operations. This was a big step, also welcomed by the members of the board of the new company: Mr. Olli Sarekoski, President and CEO of Veikkaus Oy, Mr. Ari Aarnihuhta Veikkaus’ CIO, Ms. Regina Sippel, Veikkaus’ CFO, and Ms. Hanna Kyrki, General Counsel at Veikkaus.

Fennica Gaming has already signed its first business contract with Lotteries Entertainment Innovation Alliance (LEIA). The first gambling companies to adopt games by Fennica Gaming were the Norwegian company Norsk Tipping and Svenska Spel. The eInstants developed in Finland, Sinnatagger (The Tantrums), and Tuttifrutti (Fruttis) have been available on Norsk Tipping’s website since 20 April, Gullfeber (Northern Jack) from 26 April and Fugleflokken (Chirpamore) from 2 May. In Sweden, players have had access to Nokkapokka (Chirpamore) since 25 April.

“Norsk Tipping has followed the development of eInstants at Veikkaus with keen interest over many years. We are building up a new portfolio of games in an entertainment category we call Yezz, and the games from Fennica with innovative game play, modern Scandinavian design and interesting game logic are an important addition to this portfolio. This initiative supports our endeavours to encourage our players to adopt games involving lower risks of generating problematic player behaviour. It is, as such, also one of Norsk Tipping’s many effective measures to promote responsible gaming,” Hans Erland Ringsvold, Head of Gaming Operations of Norsk Tipping, said.

“We are working passionately to develop our customers’ game business through high-quality gaming content, reliable solutions, and responsible player understanding. In our view, it is always important to think about the players. We are more than glad to help you find the best customer solution to develop your business,” Joni Hovi, SVP of Fennica Gaming, said.

After starting out as an affiliate in 2009 and developing some recognized review portals, I have moved deeper into journalism and media. My experience has lead me to move into the B2B sector and write about compliance updates and report around the happenings of the online and land based gaming sector.