From an online gaming perspective it's perfectly legal for Finnish players to wager at Finland's state-owned casinos or at offshore operators.
The nice bit for us is players don't have to be concerned that they'll be prosecuted by the law if they play at online casinos licensed elsewhere-they can simply sign up, deposit and play! In this article we're going to tell you more about our 'Best Finnish Casinos'.
When it comes to the legalities of online gambling in the country it's still pretty much a headache. Reason being it's currently locked in a battle with the EU since it intends on monopolizing the industry.
The government controlled the casino industry since the heydays of World War II and it's estimated that every 8 to 10 Finnish adults places a few bets at least once a week. A key component about the Finnish gambling industry is that all profits gained from it are reinvested back into society. Which explains why residents are more than happy to drop a few Euros at their favourite online casino.
Best Finnish Casinos Online
Best Finnish Casinos
In this section we’ve compiled a list of the best casinos for Finnish players. Before we continue we’d just like to point out that the there are currently three main bodies in the country that controls it: Fintoto Oy, Veikkaus and Ray.
- Fintoto Oy looks after horse racing in the country and aims to develop the sport.
- Veikkaus is responsible for the National Lottery and plows back all the cash gained from it into the Arts, science, culture and sport.
- Ray takes care of land casinos, slots and table games.
For what it’s worth there’s another interesting body known as PAF, its sole responsibility it to regulate online casino gambling across the Aland Islands. The European Union notified the Finnish government that it must realign its current gambling laws so that it’s more in line with that of the EUs-it refused.
The government, pretty much like Sweden’s online casino monopoly said that it’s perfectly happy to maintain the status quo and it keeps foreign based online casinos from setting up shop in the country. It said that it won’t stop citizens from playing at online casinos licensed in other jurisdictions. Plus, it does not plan on blocking foreign websites’ ISP’s and will allow its banks to continue on processing online casino payments.
Offshore operators are not allowed to advertise their products in Finland, those found guilty will be slapped with hefty fines and the owners could even be sent to jail.
Parhaat nettikasinot – Puolueettomat katsaukset nettikasinoiden aateliin
What Can Players Expect?
Even though our best Finnish casinos are licensed in the UK or in Malta they offer NetEnt, Microgaming, Yggdrasil, Quickspin and Play & Go games. The interesting bit is that the majority of them are Scandinavian software providers whose game libraries comprise of a slew of high resolution slots, blackjack, baccarat, craps, live dealer casinos, mobile casinos, keno, bingo, scratch cards and multi-million Euro progressive jackpots.
This is not all. It’s pointless if an operator contains an array of games and it does not offer players any bonuses to play them. The good news is that all of our best Finnish casinos offer first time players a non-compulsory sign on bonus package coupled with free spins.
Their bonus terms are well within the industry standard and can be used to play slots, keno, bingo and scratch cards. So far so good, however, there’s more! Once you’ve become a regular depositor you will receive comps every time you play, get cash back on your losses, receive reload bonuses, free spins and you can join the casino’s rewards program that offers cracking incentives.
In terms of online transactions, players can use ewallets (Skrill, Neteller or Paysafecard), wire transfer, Bitcoin, credit and debit cards. Ewallet payments are cleared within 24 hours, Bitcoin within minutes, credit cards up to 3 business days and bank transfer takes 8 days.
Once the necessary verification documents such as a copy of your ID card, passport or drivers license, bank statement (not older than 2 months) and a utility bill is given your transaction will be processed. All progressive jackpot wins are paid in full too.
Serious High Rollers!
Finland’s gambling industry yields approximately 1.7 billion Euros per year while it’s estimated that 130 million Euros is spent at offshore online casinos. This is why foreign based companies want a piece of the pie but the government is not going to budge, or any time soon at least.
“It’s clear that often customers will take the best deal when they’re considering gambling, this causes quite a headache for us, and the authorities should look at the issue more closely”. Timo Kiiskinen, Senior Vice President of Business Operations at RAY
The Finnish gambling industry generates 1.7bn Euros per year, and estimates suggest that players spend approximately 130 million Euros per year with foreign operators. That’s a small figure but the government are sufficiently worried about large foreign firms to consider changes to the law.
A Rosy Outlook?
If there one thing we can learn from history is that a monopoly can never work, despite the government’s best intentions many experts are of the opinion that it’s not going to work.
Foreign based operators offer players better deals, diverse game libraries, excellent support and incentivized deals. We’re sorry to say this it’s become increasingly difficult for state-owned online casinos to compete with their foreign-based cousins.