Highlighting its responsible gambling credentials and Finnish iGaming operator Alands Penningautomatforening (PAF) has reportedly detailed a large comparable drop in the revenues it made last year from those who had lost at least €30,000 ($32,630).
According to a report from GamblingInsider.com, the Mariehamn-headquartered firm revealed that 2019 had seen it chalk up a decline of 67% year-on-year to €3.2 million ($3.4 million) in the amount of cash it had gained from such high-rolling customers as their share of its entire player base decreased by some 0.09% to stand at only 0.04%.
Owned by the government of Finland’s autonomous Aland Islands region, PAF is responsible for the online casino at PAF.com and it reportedly lowered its maximum loss limit to €25,000 ($27,191) in October before being awarded with the Corporate Responsibility Programme of the Year prize at February’s Global Gaming Awards London 2020 extravaganza.
Jan-Mikael Von Schantz (pictured), Chairman for PAF, reportedly told GamblingInsider.com that his firm had conversely experienced a rise of 10% year-on-year to €79 million ($85.9 million) in 2019 takings from those who had lost up to €8,000 ($8,701). He moreover purportedly detailed that the operator’s annual gross gaming revenues and profit had both increased by 4% to reach €102.8 million ($111.8 million) and €25.6 million ($27.8 million) respectively.
Reportedly read a statement from Von Schantz…
“We would like to express our sincere thanks to the management and staff for their excellent work. The importance of PAF’s contribution to society appears to be extraordinarily high in situations such as these.”
For his part and Christer Fahlstedt, Chief Executive Officer for PAF, reportedly proclaimed that the online casino operator would now be handing over some €40 million ($43.5 million) in profits to help fund its local government’s fight against the ongoing coronavirus pandemic.
Fahlstedt’s statement read…
“We believe in openness and that openness gives strong credibility to discussions about responsible gaming. We are proud and happy that our development is going in the right direction.”