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Paf provides massive contribution to the Åland community

George Miller

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Paf provides massive contribution to the Åland community
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Major gaming operator Paf, based in Aland, the autonomous Finnish islands in the Baltic, made a profit of €27.6m in 2017, it was announced last week. Paf has made a significant contribution to the Åland community after allocating €18 million of its 2017 revenues to the Finnish province’s regional government.

The company’s turnover reached €116.5m. It plans to hand over €18m to the regional government in Aland to be distributed to good causes.

Paf CEO Christer Fahlstedt said: “2017 was a very strong year for Paf. Our net result nearly doubled during the year and we saw a steady growth in all markets.

We are proud to have performed so well despite the sale our Italian subsidiary in February 2017. This shows that our strategy, which focuses on key markets and cost effectiveness, has already born fruit.

Turnover went up from €113.5m to €116.5m and the GGR in land-based and ship-board operations rose from €31.5m to €31.9m.

We are extra proud of our good result in 2017 because we have invested heavily in responsible gaming measures at the same time,” continued Fahlstedt. “During 2017, we have made many concrete improvements in order to better support responsible gaming.

For example, we follow up our customers’ gaming patterns, and based on this we contacted a significantly higher number of customers than before in order to prevent problem gaming.

 

Source:SBC

 

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Baltics

EGT Interactive inks agreement with Betsson Group

Niji Ng

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EGT Interactive inks agreement with Betsson Group
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EGT Interactive has joined hands with Betsson group to supply its complete portfolio of premium video slots in the Baltics.

The new partnership will be a boost for EGT Interactive, especially for its operations in the Baltic markets of Lithuania, Latvia and Estonia. EGT Interactive CEO Todor Zahariev, said: “We are extremely proud to be signing partnership with one of the key players in the iGaming industry! We are looking forward to providing a great casino content and real casino experience to their vast net of players. The Baltics have always been a great market for EGT Interactive’s casino content and we believe that together we will have the chance to reach out to a greater group of players, interested in the traditional high quality casino slots.”

Official Statement from Betsson group:

“We’re extremely happy to be able to start providing our customers in The Baltics a new portfolio of games by EGT Interactive jam packed with industry leading features. Besides they playfulness of their games EGT Interactive also offers a powerful and robust back office – and this is very important for us at Betsson Group as we strive to offer our customer a playful, yet fully secure platform.”

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Baltics

Latvian initiative roots for a ban on gambling halls

Niji Ng

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Latvian initiative roots for a ban on gambling halls
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A new initiative of New Conservative Party’s (JKP) that advocates a ban on gambling halls in Latvia is gaining initiatives.

The initiative specifically demands ban on gambling halls in the whole territory, except for luxury-class hotels. It calls for amendments to the Gambling Law.

The plan published by the new initiative terms the gambling situation in Latvia is critical and amendments should be adopted immediately. However, the plan offers for a five-year transition period.

The initiative provides clear-cut stats: € 99 million were lost by gamblers in the gambling halls, € 7 million in land-based casinos at gaming tables, € 18 million in online casinos.

However, some quarters also warn of the consequences of closing down gambling halls: the ban of land-based gambling could lead to mushrooming online gambling websites, which poses a different set of problems.

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Baltics

Latvia bans illegal gambling domains

Niji Ng

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Latvia bans illegal gambling domains
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Lotteries and Gambling Supervisory Inspection of the Republic of Latvia (IAUI), the gambling regulator in the country, has blocked 20 illegal gambling websites in the country. IAUI has published the list of banned websites as well.

The following websites are also included on the banned list in Latvia: grandfortunecasino.com, vippowerlounge.com, powerjackpot.com, powerjackpotcasino.com, classicjackpot.com, fruits4real.com, casinotriomphe.com, 365sport365.com, vegaspalmscasino.com, royalvegascasino.com, piggspeak.com, pokerstars.net, fulltiltpoker.net, 1bet.com, pantaloo.com, cristalpoker2.com, tonybet.com, bitstarz.com, slotsmillion.com, gunsbet.com.

With the new additions, the black list of gambling websites without a Latvian license now contains 1507 domains.

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