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.”