Veikkaus attributes authentication and loss limits to drop in problem gambling

80% of Veikkaus customers are using authentication tools to control their gambling, says the Finnish state-run operator

80% of Veikkaus customers are using hallmark tools to controller their gambling, says the Finnish state-run operator.

While some forms of gambling, such as slots, require compulsory authentication, many still get along non — though Finland’s government-owned gaming fellowship is looking for to alter this. By the death of 2023, Veikkaus will mandatory required authentication for all its games.

To bread and butter this decision, Veikkaus stated that customers are at present losing nearly €500m ($568m) less on slot machines every year thanks to its mandatory slots authentication.

“Our extended sustainability measures are aimed at reducing job gambling in particular. Our most recent indicators suggest that we are definitely going to the compensate direction. In other words, slots gaming is clear at a turn point,” said Susanna Saikkonen, Veikkaus’ VP of Sustainability.

Alongside authentication, red limits experience also proven efficacious at curbing job gambling. Introduced inwards 2017, these plow all of Veikkaus’ fast-paced games, with 100,000 customers having to stop over playing after hitting their limits 'tween Sep and October.

Lauri Halkola, Chief Data Officer and VP of Data and Analytics at Veikkaus, commented: “Players must readiness day-to-day and monthly deprivation limits on their gambling. These limits were hit 60% to a greater extent often in September and October than inward the previous months this year. Over 80% of the hits concerned self-imposed loss limits of under €200.”

In a serial publication of surveys conducted past Taloustutkimus Oy and commissioned past Veikkaus, problem gambling inwards Finland appears to live at an all-time low. Presently, simply 0.8% of the big universe debate their gaming problematic.

Halkola claimed this success is inward big section due to the loss limits, saying: “Ever since the required loss limits were introduced, gambling has fallen significantly inward the groups of both men and women, and inward all eld groups, and the differences 'tween gaming rates make evened out.”

This news is curated to you by the 918Kiss Singapore.