Paf implements lower mandatory loss limit for young people

Finance News

The Nordic gaming company Paf has decided to further reduce the loss limit for young people. Mandatory loss limits put a stop to excessive gambling. Young people should be prioritised in responsible gaming measures.

Mandatory loss limits stop players from losing more money. Paf has decided to lower the loss limit for everyone between the ages of 20 and 24. Young people of this age already have a lower loss limit at Paf and now it will be further reduced from €10,000 to €8,000 per year.

“This is an important continuation of the responsible gaming direction we are striving towards  at Paf. Now young customers can only play with us for amounts that are at a more sustainable level and within the framework of the customer segment that we have defined ourselves as the green segment,” says Christer Fahlstedt, CEO of Paf.

Every year, Paf publishes a table showing how the profits and losses look for different customer segments. Over the years, the customer segments have been significantly affected after Paf introduced mandatory loss limits and lowered the maximum limits. Paf’s customer segments for 2023 will be published by May, the latest publication can be found here.

Paf customers can set their own lower limits, but cannot exceed the mandatory loss limits set by Paf. Paf’s loss limits apply to all our registered players and all game categories.”We are not selling teddy bears, and we have a responsibility for the product we provide. As a gaming company, we can say no before a person has gambled away both house and home,” says Christer Fahlstedt.Paf strives to be a leading gaming company when it comes to responsible gaming in the industry.

Paf was the first international gaming company to introduce loss limits in 2018, and since then the maximum limits have been lowered several times.”We need to be able to be sustainable in the long term. We believe that in a future highly regulated European market, you cannot lose more than €8,000 a year, which can be equivalent to an expensive leisure activity,” says Christer Fahlstedt.

Young people should be prioritised

Young people aged 18-24 are at a higher risk of developing problems with their gambling. Research on gambling problems and different risk groups generally indicates that young people are a risk group. 

“We believe it is important to focus on young people and their gambling from a responsible gambling perspective. Together with our other responsible gambling measures, the loss limits are a good complement for better responsible gambling,” says Daniela Johansson, Deputy CEO & Chief Responsibility Officer at Paf. 

The reduced loss limit for young people aged 20-24 has already been implemented on all of Paf gaming sites and markets. 

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