The Åland gaming company Paf is lowering its annual loss limit by another €5,000.
The lowering of the loss limit strengthens Paf’s commitment to responsible gaming and secures Paf’s position among the most responsible gaming companies. The Red Cross is supporting Paf’s decision to lower its loss limit.
When Paf first introduced the loss limit in 2018, it was set at €30,000 per year. Last year the limit was lowered to €25,000 and this year it is lowered even further to €20,000.
“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,” says Paf’s CEO Christer Fahlstedt.
“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,” says Christer Fahlstedt.
Two years ago Paf became the first international gaming company in the world to introduce a maximum limit for the amount customers can lose in one year. The introduction of the loss limit is a measure that the gaming industry has taken notice of and it has been praised widely.