Paf decreases annual loss limits including 82% reduction for young players
Åland Islands-based operator to face €7m cost burden as it ramps up commitment to responsible gambling strategy
Paf is set to make significant reductions in its annual loss limits for players including an 82% drop in the cap for those aged 18 and 19.
The new measures will see the mandatory loss limit for all customers fall from €20,000 to €17,500 (£15,408), with the policy coming into effect at the end of Q2.
Paf has also slashed its loss limits for customers aged 18 and 19 from €10,000 to just €1,800 per year in a major responsible gambling push.
The Åland Islands-headquartered operator said the new measures would cost the business around €7m to implement.
The new caps follow those put in place for customers aged 20 to 24 in October, revealed exclusively by EGR, to €10,000.
Paf originally introduced a mandatory yearly loss limit of €30,000 in 2018, before cutting it to €25,000 and finally reducing it again in September 2020 to €20,000.
Speaking on the latest decrease, Paf CEO Christer Fahlstedt said the firm was continuing to set the standard for the industry with its ongoing policy.
Fahlstedt said: “We have an opportunity to take another step and improve our commitment to responsible gaming. It’s something we want to do because it’s the right thing to do, if we are to continue our journey to become a sustainable entertainment company.
“We will continue to implement responsible gaming measures that improve the numbers in our customer segments. We will set a standard for gaming companies when it comes to responsibility, a standard that other international gaming companies can and should follow,” he added.