Paf to Cap Player Losses at €30,000

This story was published more than 2 years ago.

Betting group Paf this week announced plans to cap player losses at €30,000 per year in an effort to help curb gambling addiction on their end.

The move could cost Paf up to 5% of its revenue, but the company sees the hard cap as a chance to curb problem gambling. The move is the first for a private company, although monopolistic operations have implemented caps in the past. Paf claims it intervened in risky gambling behaviors 9,400 times in 2016 and 2017, up 500% over previous numbers.

Commenting on the measure Paf CEO Christer Fahlstedt said, "We will continue presenting personal gaming history graphs to our customers and encourage them to use the tools we provide online for voluntarily setting gaming limits that match each customer's individual conditions.

"We suggested a collective hard cap for the entire market in our official comment letter regarding the re-regulation of the Swedish market.

"Although our suggestion for the whole market was not employed as such, we choose to take the next step now and hope that the authorities will follow and introduce an obligatory hard cap.

"We don't want to see people's lives destroyed because of gambling addiction. There has to be a way back. We hope that Paf's new hard cap will take us in the right direction."

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About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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bgsharpe
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17 June 2018 - 6:09pm
#1

Now this is a real move that could prevent many addicted players of destroying their lives as they said.

Not like some of the other gambling brands which donating 10 000$ let's say to problem gambling programs and make a huge noise about that.

Well done to Paf for actually doing something which could cost them a significant proffits but take care for their punters despite of that.

auCL-Ed
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18 June 2018 - 1:54am
#2

Yeah Paf are a first class organisation. Its sad that they allow players from so few countries to play at their site these days as they really are one of the best.

sharpe

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