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Paf (company)
Gambling company owned by the regional government of Åland, Finland From Wikipedia, the free encyclopedia
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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.
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History
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]
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Operations
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
In 2018, it set an annual loss limit of €30,000 per customer, which was permanently lowered to €25,000 in 2019.[6][7] These measures are part of Paf's approach to social responsibility, in line with its publicly owned status. Paf also monitors player behavior, collaborates with researchers at Stockholm University on problem gambling,[8] and organizes a biennial Responsible Gaming Summit.[9]
Awards and recognition
- 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]
References
External links
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