Tag Archives: paf

Paf lowers player loss limits to €20,000

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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Jon Duffy: Evidence-based decisions are needed to fix the ‘broken’ system

Growing concerns on ‘consumer rights’ have been thrust into the political and media spotlight in recent years, a new reality facing all business leaders entering a new decade of disruption reshaping all-levels of consumerism. Across the political spectrum, calls have widened for the creation of an independent gambling ombudsman. Jon Duffy, SVP for Corporate Assurance & Regulatory Affairs at Genting …

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Paf CRO Daniela Johansson wins SPER’s Swedish leader of the year 

Daniela Johansson, Chief Responsibility Officer (CRO) and Deputy CEO of Paf, has been recognised as a ‘Leader of the Year’ by Swedish gambling association SPER.  Yesterday, SPER announced the three winners of its inaugural ‘Swedish Gambling Awards’, which rewarded the individuals and companies that have improved standards and championed sustainability for Sweden’s new gambling marketplace. Spearheading Paf’s mandatory deposit limit …

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Paf pays additional €40m in dividends to ease coronavirus impact

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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Paf cuts maximum yearly loss limits by €5,000

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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Christer Fahlstedt: Paf – True responsibility is a test of all industry values

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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Paf becomes Grand Casino Luzern’s ‘technical partner’ for Swiss opening

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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Christer Fahlstedt – Paf on course to eliminate all big player losses by 2020

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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Paf collaborates with Colossus for Jackpot Pools launch

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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Profitable Paf provides €18 million to the Åland community

Paf - Copyright: oxygen64 / 123RF Stock Photo

Paf has made a significant contribution to the Åland community after allocating €18 million of its 2017 revenues to the Finnish province’s regional government. The gaming company’s annual turnover reached €116.5 million for the full-year, up 2.6% year on year (YOY) from €113.5 million in the corresponding 2016 period. This increased turnover led to the firm posting an operating profit …

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