Responsible Gaming Measures Affect Paf's Bottom Line

Finnish gaming group Paf revealed their latest set of financial results, revealing that their income is lower than the year prior, due in large part to responsible gaming measures that the group implemented.

Paf revealed that turnover and profits were both down for 2018, as the company's loss limit policy keeps punters from losing €30,000 on their services over the course of a year. Turnover for the year was down 4% to €111.8 million, due to high roller player numbers going down. The online side of things took the biggest hit, with a €4.5 million hit. Land-based operations only saw a €100,000 drop.

Operating profits were down 16.3% to €24.6 million, and Paf is proposing sending €21 million of that to government-run social programs.

Despite the lower financials, Paf CEO Christer Fahlstedt said that he was happy with the results, as the loss limits are a good social responsibility tool.

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usbarbadosslim93 Recently online: 36 min ago
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14 May 2019 - 5:25pm

Good on Paf for taking at least one step toward promoting responsible gaming, even if it affects their bottom line.

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