News
Finland’s Veikkaus OY Seeks New Sports Betting Chief Following Departure of Sami Kauhanen
The national gambling monopoly in Finland, which goes by the name of Veikkaus OY, is seeking out a new sports betting chief following the departure of Vice President of Wagering Sami Kauhanen. After his long-term stint in that position, Kauhanen opted to leave the organisation so as to lead the Finnish horse racing scene.
It was earlier on in June that Suomen Hippos, which operates as the country’s horse racing and stud breeding association, announced the appointment of Kauhanen as inbound President and CEO. This appointment will become effective as of September 1, 2020, and the association listed his credentials that make him the optimal candidate for the position. Having been a key stakeholder in Veikkaus OY’s wagering enlargement throughout 2017, Kauhanen saw the organisation absorb the assets of the former state-owned racing operator Fintoto.
Kauhanen remained in the senior executive role with Veikkaus for 10 years, and has led all sorts of sports betting related divisions, as well as helped to launch a variety of products for Finland’s gambling scene. Additionally, Hippos highlighted the fact that Kauhanen has professional horse racing instructor experience, which has seen him secure 2,700 track starts in his career.
Hippos Gains a Treasure While Veikkaus Seeks Out Another
It’s true to say that Kauhanen has a passion for horse racing and all things equestrian, which he said has “been an integral part of my life”. And while a couple of months still remain until his appointment with Hippos begins, he looks forward to getting involved in “this great field and sport again”. Kauhanen spoke of the future offering “many challenges”, but also a lot of opportunities alongside.
Following Veikkaus’s takeover of Fintoto and Ray (which relates to slot gaming and arcades), government agencies will be undertaking a review of the organisation. A selection of trusted betting sites in Finland are already operational, although there still remains a monopoly on gambling within Finland in general. Of course, Kauhanen won’t be around in his former position for the government review, as he will be taking leadership of the Finnish horse racing sector.
Speaking of the overall gambling industry, Kauhanen said that with the new situation in place since the merger of gaming companies, the industry “has had to get used to” it all. Adaptation has been necessary, but he said that he’s sure “that in the future the strong will of the racing people will help find a common goal, which we are willing to do our best for”.
It remans to be seen who will take over his former role as sports betting chief for Veikkaus. The organisation has had a lot to deal with lately, announcing earlier on in June that there will be a reduction in the overall slot machine capacity by more than was initially planned. It also made the announcement that its retail network will re-open this month, with online slots returning from July onwards. The reduction in the number of active slots falls in line with the governmental organisation’s new social responsibility strategy.
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“I personally think the industry should view this as a positive chance to work hand-in-hand with the NHS, charities and government as all stakeholders pull together to minimise gambling harm. Gambling is meant to be fun and entertaining and the industry must ensure that it is responsible, so that those in need can gain access to properly funded support as and when they need it.”
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