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Paf Takes Steps to Limit Loss in Another Difficult Year

Published

4 years ago

May 31, 2021

Niji Narayan

Reading Time: < 1 minute

Paf, a state-owned gambling company based in the Aland Islands of Finland, is bracing to face another difficult year, as it financial results show. Last year was a difficult year for the company, as the company could not fully operate for for the bulk of the year, owing to the Covid pandemic.

Paf’s Land and Ship operations suffered a revenue decline of 59%. Revenue from internet operations too declined due to cancelled sporting events. The company implemented a policy of lowering revenue from its biggest players as well, which further affected the revenues.

Paf’s CEO Christer Fahlstedt commented:

“If we look at our openly published customer segments for Paf.com, we can declare that we have now completely stopped taking revenue from the ‘high rollers’. This is an important turning point in our pursuit of sustainable revenues.”

Related Topics:Paf Paf’s CEO Christer Fahlstedt

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.