Finland's Slot Machine Association

RAY's Ruusu and Tuplapotti slot machines

Finland's Slot Machine Association or RAY (Finnish: Raha-automaattiyhdistys) was a government-supervised and -owned nonprofit gaming (gambling) association (statutory corporation) in Finland. On January 1, 2017 RAY merged with the government-supervised and -owned nonprofit betting agency Veikkaus and Fintoto. The new company that was founded as a result is also called "Veikkaus". RAY was a gambling monopoly whose proceedings went to domestic charity such as pensioner care and gambling addiction treatment. While RAY was best known for its slot machines, the company also dealt in online gambling and controlled the only official casino in Finland, Casino Helsinki.[1]

RAY's operations were governed by legislation and decrees. The operations of the other Finnish gaming organisations, Veikkaus and Fintoto, are also based on the Finnish Lotteries Act.[2] The act was last amended in 2012.

RAY's revenue came from slot machines, casino games, and casino and digital gaming. All the proceeds from RAY's gaming operations were used to support Finnish health and welfare, and these funding decisions were also based on legislation.[3]

References

  1. ↑ RAY's website (in English)
  2. ↑ "FINLEX ® - Translations of Finnish acts and decrees: 1047/2001 English". www.finlex.fi. Retrieved 2016-05-31.
  3. ↑ "Financial information about RAY". ray.fi. Retrieved 2016-05-31.


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