One of the most prominent Finland-based c, the Alands Penningautomatforening or PAF has detailed a significant comparable drop in its gaming revenues which the company has made in 2019 from punters who had lost here at least $32,630 or €30,000. At the same time, the Finland-based company has highlighted its new responsible gaming policies and credentials, especially its significantly lowered maximum loss limits.
According to one report released by GamblingInsider.com, this Mariehamn-headquartered company revealed that last year it had seen its gaming revenues chalk up a massive decline of around 67% on a yearly basis to hit around €3.2 million or $3.4 million. This is the amount of cash that the company had gained from high-rollers as the company’s share of its player base had decreased by around 0.09% to just 0.04%.
Details About Alands Penningautomatforening
Alands Penningautomatforening or simply PAF is a real-money gambling and betting operator that operates form its Alana Islands, Finland-based office. The company is owned and managed by the region’s government. The company was founded in 1966 and since its inception, it remained focused on delivering all sorts of gambling and casinos-related products and services including online gambling services, poker games, physical slots across the Baltic region, lotteries, bingo games, and live betting.
Today, the company offers casino games online as well as across board cruise ships that travel the North and Baltic Sea. When it comes to the company’s physical or land-based gaming activities, they are offered to residents of the Aland Islands mainly. Since Alands Penningautomatforening is managed by the regional government, around €20 million of its funds are distributed to a range of different projects by the Aland regional government every year. Some of these projects relate to sustainability, education, culture, and health.
The company has its loyal customers in Latvia, Estonia, Spain, Sweden, and Finland while it is fully controlled and licensed by the Aland government. What makes this online gambling operator special is its commitment to responsible gaming policies. In fact, Alands Penningautomatforening is doubtlessly a global leader when it comes to responsible gaming policies. Back in 2018, the firm became the very first company of this kind across international markets to set a maximum loss limit for its punters.
PAF’s Maximum Loss Limits
The company’s new maximum loss limits set back in 2018 were crafted to combat problem gambling. According to these limitations, the company’s customers cannot lose more than €30,000 yearly. Besides, PAF employs a variety of other responsible gambling policies such as its prize-winning innovations crafted alongside the Department of Psychology at Stockholm University. It is also worth mentioning that PAF regularly arranges a Responsible Gaming Summit whose main job is to raise awareness concerning responsible gaming.
As of October 2019, the company lowered its gambling maximum loss limit from €30,000 to €25,000. According to GamblingInsider.com, PAF had experienced a significant rise of around 10% on a yearly basis last year from punters who had lost money while gaming here. Despite lowered maximum loss limitations, the company had also experienced increases of 4% in both its profit and gross gaming revenues which reached €25 million and €102 million respectively. Commenting on the amazing success of the company’s responsible gaming policies, its CEO said that the company’s casino at PAF.com will handle around €40 million to help the local government with battling the ongoing coronavirus crisis.