Finland's Slot Machine Association or RAY () was a government-supervised and -owned nonprofit gaming (

gambling Gambling (also known as betting or gaming) is the wagering of something of Value (economics), value ("the stakes") on a Event (probability theory), random event with the intent of winning something else of value, where instances of strategy (ga ...

) association (

statutory corporation A statutory corporation is a corporation, government entity created as a statutory body by statute. Their precise nature varies by jurisdiction, but they are corporations owned by a government or controlled by national or sub-national government ...

) in

Finland Finland, officially the Republic of Finland, is a Nordic country in Northern Europe. It borders Sweden to the northwest, Norway to the north, and Russia to the east, with the Gulf of Bothnia to the west and the Gulf of Finland to the south, ...

. On January 1, 2017, RAY merged with the government-supervised and owned nonprofit betting agency Veikkaus and . 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 machine A slot machine, fruit machine (British English), poker machine or pokie (Australian English and New Zealand English) is a gambling machine that creates a game of chance for its customers. A slot machine's standard layout features a screen disp ...

s, the company also dealt in

online gambling Online gambling (also known as iGaming or iGambling) is any kind of gambling conducted on the internet. This includes virtual poker, casinos, and sports betting. The first online gambling venue opened to the general public was ticketing for th ...

and controlled the only official casino in Finland, Casino Helsinki. 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. 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. The history of the Tuplapotti predecessor, the Potti game, dates back to 1986, and in the 1990s, a newer version of it was developed that rose to much greater popularity than its predecessor. The game was developed by Veikkaus (by then known as RAY), and the game is still one of the favorite gambling games in Finland.

References

Gambling companies of Finland Slot machine manufacturers Online gambling companies of Finland {{gambling-stub