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What is the impact of Covid-19 on Gambling Industry in Finland?

Written by:
Payton
Published on:
Aug/10/2020

Covid-19 has severely affected the majority of the industries, and some countries are going for lockdown the second time. The world economy has never experienced anything like this before and is hit very severely. Even the speculation business such as shares and commodities have taken a deep plunge into losses. However, few businesses are thriving in the pandemic situation, which includes gambling industry. Gambling industry comprises of land-based casinos and online casinos. Finland and the UK are two major gambling capitals of the European continent.

Finland generates one-third of worlds gambling revenue, which shows the gambling interest of Finns. Although land-based casinos in Finland are shut for punters, online casinos have seen an increase in the traffic due to lockdown. Virtual casinos are open round the clock for players and can be entered for playing casino games from the comfort of their homes. There are few new online casino brands launched to entertain the growing crowd to virtual casinos. If you are a new player and looking for uudet casinos 2020 (as Finns address the new casinos,) then you can find the list at casino guide website or Casino review sites online.

The love of Finns for gambling could not stop them from playing their casino games even during the lockdown, as most of them turned to online casinos for betting. More and more Finns started playing in online casinos not because they are regular punters at land-based casinos but for entertainment reasons to avoid boredom at home. Few punters are trying to make money from gambling online due to the adverse economic conditions. According to statistics, the number of people betting online during the pandemic situation is far more than the earlier figure.

Online casinos experienced that there is a rapid increase in the number of players gambling online. Casual players visiting virtual casinos for entertainment started wagering on casino games. It has been studied that nearly 41% of new players have opened accounts with virtual casino websites with slots and poker games. With the gambling industry licensed and regulated by the government, online gaming enthusiasts in Finland have turned to gamble in virtual casinos as a past time activity. 80% of Finns love to gamble and bet in land-based casinos. It has been noted that the same percentage of punters are betting in online casinos during the lockdown. 

Covid-19 crisis restricted Finns to their homes but has encouraged them to gamble online in virtual casinos. With more and more gaming enthusiasts turning to iGaming, Casino Operating companies are seeing it as an opportunity to launch new casino brands. Finns can not only enjoy playing in Finnish online casinos but are also accepted by European casinos to encourage gambling among people in Finland. Although Finland has a restriction on international casino operators entering the country, there are no laws that can prevent Finns from playing in them. It is not legal to play in international online casinos for Finns but cannot be claimed as illegal also. So, the Finns are at their liberty to play in international online casinos as long as they accept players from their country. Several European online casinos provide support in the Finnish language to make gambling at their websites easy for Finns. European online casinos accepting Finnish players offer a generous bonus which includes free spins and deposit percentage. The international virtual casinos accepting Finnish players offer a variety of casino games which include slots, Poker, Blackjack, Baccarat and Roulette. The gambling sites are supported by reputed casino software companies including Playtech, Net Entertainment and Microgaming. There are also exclusive poker rooms which accept Finnish players. 

However, it is advisable to check the license and regulations of international online casinos as they are neither covered under Finnish gambling laws nor the country in which it is operated. With several Finnish online casinos and International casinos available and offering attractive bonuses and entertaining games to Finns, it is safe to gamble online to turn away from lockdown boredom.

 

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