RAY plans to introduce a variety of internet poker and casino games, which it believes will create an income of around 25 million euros annually.
New government licences come into force on March, 1. RAY hopes to start its new game services by August.
The Finnish National Lottery (Veikkaus) is being allowed to introduce online bingo and similar number-based games.
Internet games will be strictly supervised in accordance with government regulations. Both RAY and the Finnish National Lottery must verify both the address and identity of the player and ensure that no minors participate.
Players will also have the right to cap their bets. Similarly, RAY and Veikkaus will be able to set limits on individual players.