Tag Archives: paf

Finland warned that gambling harms do not match gambling prevalence trends

finland/finnish parliament

Finland’s Institute of Health and Welfare (THL) has expressed detailed concerns about the increasing instances of gambling-related disorders, even as Finland experiences a decline in gambling participation. The observation was made by the Health Institute during its public survey to ascertain the prevalence of moderate and problem gambling risks among Finnish adults.  The Institute, responsible for monitoring records on disorders …

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Paf reports strong 2022 profits and investments in responsible gaming

SBC News Paf reports strong 2022 profits and investments in responsible gaming

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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Paf acquires 888 Latvian properties for €28m

SBC News Paf acquires 888 Latvian properties for €28m

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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Finland’s Paf renews long-standing Kambi sportsbook partnership

Finland’s Paf renews long-standing Kambi sportsbook partnership

Kambi has extended its agreement with long-term partner Paf, an international betting operator owned and controlled by the government of Finland’s Åland Islands. Paf became one of Kambi’s first ever sportsbook partners back in 2011, back when the latter was the B2B betting and gaming arm of the Kindred Group before being divested in 2014. Under the terms of the …

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Paf tightens loss limits for teenage players 

SBC News Paf tightens loss limits for teenage players 

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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Paf launches new Finland-based tech school

SBC News Paf launches new Finland-based tech school

Nordic gaming firm Paf has announced plans to establish and operate a tech educational scheme in order to drive the development of coders and tech innovators. The new school, named grit:lab, will initially consist of 50 students and commence in 2022 as an alternative ID education programme, combining elements of coding training based on the 01 edu platform’s pedagogy. Paf …

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SBC Leaders membership expands ahead of SBC Summit Barcelona

SBC News SBC Leaders membership expands ahead of SBC Summit Barcelona

SBC Leaders has grown to 60 member companies ahead of its biggest meet-up to date, at this month’s SBC Summit Barcelona conference and exhibition. PAF, Apuesta Total, Nederlandse Loterij, Slots Million, Adjarabet, Retabet, BetWarrior, and the Ukrainian Gambling Council are among the new members of the exclusive group for international betting and gaming operators and operator associations. The membership has …

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Paf lowers player loss limits to €20,000

SBC News 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

SBC News 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 

SBC News 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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