Åland-based betting group Paf (Ålands Penningautomatförening) has announced that it is lowering the maximum loss limits for 18-24-year-olds, taking the total down from €20,000 to €10,000.
The move will impact younger users, who're more prone to problem gambling. The company's €20,000 cap will remain in place for other age demographics. Paf is present in Sweden, Finland, Spain, Latvia, and Estonia, and has become known for its responsible gambling controls and calls for tightening up the rules on advertisements and other restrictions for betting. The company has also called for Sweden to raise taxes on gambling revenues.
Regarding the change, Paf Responsible Gaming Manager Jenna Ekstrom said, "We need to take a stronger grip and minimise the risks for our young customers. Therefore, this is a good measure that strengthens our take on responsible gaming.
"The facts and research about gambling problems that we have seen point out that young people are a more vulnerable group. On the one hand, young people have a tendency to take more risks and on the other hand they don't have the same financial possibilities to play monetary games."
|Paf Casino||Åland Islands, Sweden|