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Paf Lowers Player Loss Limit Even Further

Niji Narayan

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Paf Lowers Player Loss Limit Even Further
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Paf, the Åland-based gaming operator, has lowered its annual loss limit by another 5000 euros.

Paf is the first international gaming company in the world to introduce a maximum limit for the amount customers can lose in one year. The lowering of the loss limit strengthens the firm’s commitment to responsible gaming.

When Paf first introduced the loss limit in 2018, it was set at 30,000 euros per year. Last year the limit was lowered to 25,000 euros and this year it is lowered even further to 20,000 euros.

“We are proud to have been able to lower our loss limit by as much as a third in just two years. We see that our maximum limit effectively stops big spending players and prevents the personal tragedies that can occur when huge amounts are lost,” Christer Fahlstedt, CEO of Paf, said.

“We are now lowering the loss limit further to show that it is possible to survive as a gaming company without income from the biggest big players. We are a gaming company that sells exciting entertainment for adults without trying to squeeze the last drop of money out of them,” Christer Fahlstedt, added.

The further reduction of the loss limit to 20,000 euros per year also means reduced revenues.

“Paf’s income will decrease by approximately 2-3 million euros. It is a large sum of money for Paf, but more importantly it is good for our customers that we say no to it,” Christer Fahlstedt said.

“We work in an industry that has enormous challenges. Paf has been a pioneer for a long time when it comes to responsible gaming and it is part of our mission to lead the way and be a positive agent of change. The lowering of the loss limit strengthens our leading position alongside the very small number of other gaming companies that have dared to adopt a loss limit,” Christer Fahlstedt added.

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SoftGamings Sportsbook Solution Gets Certified in Latvia

Niji Narayan

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SoftGamings Sportsbook solution certified in Latvia
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SoftGamings’ Sportsbook solution has been certified for use in the Latvian regulated market.

SoftGamings Sportsbook product incorporates BetRadar odds and risk services and allows for a deep front-end design customisation. SoftGamings Sportsbook offers over 500,000 events every year on 80+ sports. On top of that, SoftGamings offers a fully customisable bonus and freebets engine.

The first client to use SoftGamings Sportsbook in Latvia is Casino777.lv. The Sportsbook can be easily integrated into the client’s site, with extensive support for sport tracking, widgets, promo offers and banner ads supported out of the box.

“We’re always happy to see our clients making big steps in the industry. Casino777 is a comprehensive platform with an outstanding casino and sportsbook. We’re proud to provide our sports betting software to the client and hope to continue our cooperation for a long time,” Irina Sazonova, Director of Partnerships at SoftGamings, said.

“Being able to provide our services in Latvia, Casino777 has reached a significant milestone. It means we’re about to enter a dynamic European market, which could help us grow further as a company. Europe offers a very competitive market, especially when it comes to sports, and we’re ready to enter the competition since we have outstanding sports betting software,” Vyacheslav Klyuevsky, Head of Sportsbook of Casino777.lv, said.

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Compliance Updates

Mr Green Secures iGaming License in Spain

Niji Narayan

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Mr Green Secures iGaming License in Spain
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William Hill’s pan-European igaming subsidiary Mr Green has secured a license from Spain’s gambling regulator la Dirección General del Ordenación del Juego (DGOJ). The William Hill brand is already active in Spain’s online sports betting market, with Mr Green to be used to strengthen its casino offering in the country.

“This is an important milestone within our strategy,” William Hill International managing director and chief executive of Mr Green Patrick Jonker said.

“With the launch of Mr Green in Spain, we look forward to expanding our offer by expanding our already strong presence within sports betting, with one of the strongest casino brands in the industry,” he explained.

“With the combination of two industry leading brands, we look forward to deliver the best player experience within sports and gaming.”

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Latest News

Push Gaming extends global reach with Ichiban partnership

George Miller

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Push Gaming extends global reach with Ichiban partnership
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Game designer’s full portfolio set to enhance new casino offering

B2B Gaming supplier Push Gaming has announced a partnership with Ichiban in a deal which sees the slot developer further extend its worldwide presence.

Having gone live in September, the deal gives Ichiban access to Push Gaming’s entire portfolio of hits, including Jammin’ Jars, Razor Shark and Mystery Museum.

Push Gaming has signed numerous strategic partnerships this year, and this latest agreement with Ichiban shows the supplier’s commitment to working with and supporting progressive, rising star casino brands from an early stage.

Fiona Hickey, Head of Sales at Push Gaming, said: “We’re always looking to work with exciting brands that can help us expand on our global footprint, while also placing our games in front of the largest audience possible.

“Ichiban and its upcoming brands may be new to the market, but the team behind it has significant expertise and a history of industry success, and we’re sure it will go on to become a market-leading casino, delighting players worldwide.”

Giuseppe Bellomo, CXO at Ichiban, added: “Push Gaming’s cutting-edge slot portfolio has continuously proven popular in diverse markets across the globe and we’re thrilled to offer our players access to a wealth of innovative games.

“We pride ourselves on delivering to our customers a unique gaming experience and we look forward to working with Push Gaming as we build upon our business relationship.”

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