Though navigating choppy waters, Paf ultimately enjoyed a strong 2022, with turnover increasing by 23% year-over-year, marking a record for the Finnish government-owned gambling firm. Paf stated that revenue for 2022 hit €165.7m, a new company record and a 23% hike on 2021’s figure. The Ålands Islands operator also outlined that it continues to invest in responsible gaming measures, with …
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888 Holdings has sold its Latvian gaming properties of MrGreen.LV and WilliamHill.LV to Paf, as the LSE gambling group reduces the size of its European portfolio. The gambling company of the Finnish Åland Islands, Paf announced that it had reached terms to acquire 888 Holding’s Latvian operations and associated licenses. The transaction will see Paf become Latvia’s third-biggest online gambling …
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Paf, the Finnish Åland Islands-owned gambling group, has announced that it will proceed to a new mandatory online gambling loss limit for customers aged 18-19 to €1,800. The updated annual loss limit is scheduled to be implemented in early summer 2023. Along with other measures being introduced, these initiatives are anticipated to incur a cost of approximately €7 million. Set …
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For a third straight year, Åland Islands-based gaming operator Paf has confirmed that it will lower its annual player loss limit by a further €5,000 to €20,000. Paf governance has carried its customer care directive for a third year, underlining the firm’s commitment to leading the online gambling industry for social responsibility standards and safeguards. In 2018, the Paf leadership …
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Åland Islands-based gaming operator Paf confirmed that it will be paying an additional €40 million in dividends to ‘alleviate the negative effects of the coronavirus’. It comes after the gaming operator saw a 4% increase in year-on-year profits for 2019, rising from €24.6m in 2018 to €25.6m. Meanwhile total turnover also increased from €111.8 million to €114.2 million. “We had …
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Åland Islands-based gaming operator Paf has confirmed that it will reduce its maximum yearly loss limit by €5,000, in a bid to prioritise responsible gambling measures. In 2018, Paf became one of the first operators to introduce a maximum limit for the amount a customer can lose in a year. Paf has since confirmed that its initial maximum limit of …
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Leading Åland Island-based operator Paf, Chief Executive Christer Fahlstedt has implemented betting’s most transparent social responsibility mandate questioning standard practices that have governed incumbents operations to date. Paf’s leadership directive hit news headlines home and abroad, however, Fahlstedt tells SBC that facing the industry’s most urgent agenda, his executive team has simply accepted its responsibility challenge head-on… ______________ SBC: Christer thanks …
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The governance of Paf has disclosed that the Åland Islands-based gaming operator will act as ‘lead technology partner’ for Grand Casino Luzern, as Switzerland initiates its new online casino regime. This June the Swiss Federal Council, approved an initial four online casino permits awarded to local operators – Grand Casino Baden, Grand Casino Luzern, Casino Davos and Swiss Casinos Pfäffikon. July …
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Detailing an ‘industry first’, Åland Island (Finland) based betting group Paf has moved to openly publish a detailed breakdown of its customers’ annual wins and losses as part of its corporate social responsibility mandate. Updating the market, Chief Executive Christer Fahlstedt detailed that the initiative would bring stakeholder transparency to Paf’s player wagering limits and further sustainability directives. “We are probably …
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Nordic operator Paf has announced the online launch of its Jackpot Pools product in collaboration with pools betting innovator Colossus Bets. The launch includes the full Colossus sports offering with lotto-sized jackpots, Cash Out, Syndicates ‘crowdbetting’ and FreePlay functionality. Paf’s Chief Gaming Officer, Kim Johansson, commented: “Jackpot Pools complement our current offering with a ‘low stakes for big prizes’ proposition …
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