Finland promulgates gambling law with exclusive and open licensing model
Finland promulgated its new Gambling Act after President Alexander Stubb signed it on 16 January. The law creates exclusive licences for state-controlled limited companies and open licences for private operators, and gives the National Supervisory Authority powers to impose fines of up to 4% of turnover or €5 million.
Operators and software developers will need licences under the new framework, which also sets player-protection requirements.