Responsible Gaming Measures Affect Paf's Bottom Line

This story was published more than 1 year ago.

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.

About the author

Therese Williams // UK Correspondent
Therese Williams
Therese is a fervent fan of slot machines and pub fruities, often trying her luck at some of the top online casinos. She covers news for Casino Listings with a focus on the UK and Europe. Therese studied arts and creative writing at university and has written for newspapers in the UK.
1 reply • Last post

Comments

usbarbadosslim93
Forum AngelForum Angel
barbadosslim93's picture
Location: Michigan
Joined: 28 Jan 2011
Posts: 12088
Thanks given: 724
Thanks received: 1694
14 May 2019 - 5:25pm
#1

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