Paf (company)
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Native name | Ålands Penningautomatförening |
|---|---|
| Company type | Government agency |
| Industry | Gambling & casinos |
| Founded | 1966 |
| Headquarters | Mariehamn, , |
Area served | Worldwide except non-regulated countries |
Key people | Christer Fahlstedt (CEO) |
| Products | Slots, bingo, casino, poker, online betting, live betting, lotteries |
| Services | Online gambling, slot machines, casino services |
| Revenue | €177.1 million (2023) |
| €55.1 million (2023) | |
Number of employees | 316 (2023) |
| Parent | Ålands Penningautomatförening |
| Subsidiaries | paf.es |
| Website | www |
Ålands Penningautomatförening (commonly abbreviated Paf) is a gambling operator owned by the Government of Åland, an autonomous region of Finland. The company offers gambling services online, on board cruise ships in the Baltic Sea and North Sea, and through physical slot machines on Åland. Paf distributes its profits to public interest initiatives and operates under Finnish and Ålandic regulations.
History
[edit]Paf was founded in 1966 by a group of non-profit organisations in Åland, including Folkhälsan på Åland, Rädda Barnen (Save the Children), the Röda Korset (Finnish Red Cross), and the Dagens Barn foundation.[1]
The company began operating on Åland-registered ferries in the early 1970s, and launched its first online games in 1999.[1]
In 2015, Paf and Sunborn Hotel opened Casino Sunborn in Gibraltar.[2] The casino was sold to Admiral in 2018.[3]
In 2021, the Supreme Court of Finland sentenced Paf to a community fine of €250,000 in a case concerning negligent money laundering.[4]
In 2024, Paf announced a commitment to achieving net-zero greenhouse gas emissions by 2040, a target validated by the Science Based Targets initiative (SBTi).[5]
Operations
[edit]Paf provides gambling services online, on cruise ships, and through physical slot machines located on Åland. The company’s services are available internationally, excluding non-regulated markets.
Responsible gambling initiatives
[edit]Paf has introduced several measures related to gambling responsibility. In 2018, the company set an annual loss limit of €30,000 per customer.[6] In 2019, this was lowered to €25,000 permanently.[7] These measures are part of Paf’s approach to social responsibility, in line with its publicly owned status.
The company monitors player behavior and collaborates with researchers at Stockholm University to study problem gambling.[8] It also organizes a biennial Responsible Gaming Summit.[9]
Awards and recognition
[edit]- 2014 – Social Responsibility Award, eGaming Review Operator Awards.[10]
- 2017 – Social Responsibility Award, eGaming Review Nordic Awards.
- 2018 – Best Marketing Campaign, eGaming Review Nordics Awards.
- 2018 – Named one of Finland’s 40 most inspiring workplaces by consulting firm Corporate Spirit Ltd.[11]
See also
[edit]References
[edit]- ^ a b "The history of Paf". Paf. Retrieved 8 September 2015.
- ^ "Casino Sunborn License Granted". Essential Marbella Magazine. Retrieved 3 January 2021.
- ^ "Sunborn and Casino Admiral join forces on new venture". Chronicle.gi. Retrieved 3 January 2021.
- ^ "Penningtvätt av oaktsamhet". Finlex Data Bank (in Swedish). Finland's Ministry of Justice. 3 February 2021. Retrieved 9 March 2022.
- ^ "Paf commits to reach Net-Zero by 2040". Aboutpaf. 29 February 2024. Retrieved 11 September 2024.
- ^ "Paf introduces €30,000 annual loss limit". paf.com. Retrieved 3 January 2021.
- ^ "FOX secures removal from FTSE Russell gambling exclusion list". Gaming Intelligence. 6 December 2019. Retrieved 3 January 2021.
- ^ "Tukholman yliopisto tutkii nettiviestinnän keinoja pelirajojen asettamiseksi" (in Finnish). Turun Sanomat. Retrieved 30 October 2015.
- ^ "Responsible Gaming Summit". paf.com (in Finnish). Retrieved 3 January 2021.
- ^ "Paf wins award for social responsibility". Intergame. Retrieved 24 August 2015.
- ^ "Paf is one of the most inspiring workplaces in Finland – wins "Most Improved" prize". News Powered by Cision. Retrieved 3 January 2021.