Fewer high rollers leads to a lower result for Paf

“Our result is 16% lower and this is entirely due to the fact that we have significantly reduced earnings from big players. So I’m actually really proud of the result and that we can deliver a substantial amount of money to benefit society,” says Paf’s CEO Christer Fahlstedt.

In September 2018 Paf’s Yearly Limit began rolling out and by the autumn of 2019 it will apply to every one of Paf’s online players. This ‘loss limit’ means that no online player can lose more than €30,000 from their bank account and that Paf will be completely without these big ‘high roller’ players by 2020.

“It’s a lot of money for us to lose out on annually but it is unsustainable money that we no longer wish to receive. The entire gaming industry would feel much better about itself if all the companies openly reveal how they earn their money and choose to stop the big players,” says Christer Fahlstedt.

Paf has chosen to openly publish figures revealing all of its various customer groups’ profits and losses over recent years. Read more about Paf customer figures here.

€3 million more for the benefit of society

The Group’s total turnover decreased during the financial year from €116.5 million to €111.8 million, and the Group’s operating profit decreased from €29.4 million to €24.6 million. It’s proposed that €21 million will be distributed for the benefit of society, which is €3 million more than the previous year.

The online gaming turnover decreased from €84.5 million to €80.0 million. The land and ship operation gaming turnover was approximately the same as the previous year at €31.8 million (€31.9 million in 2017).

“It seems hard to believe, but we actually increased the number of active players by 24%, which is a fantastic figure. We have more players who are playing for smaller amounts of money and I see that as clear evidence that we offer good gaming products,” says Christer Fahlstedt.