Paf has implemented a lower mandatory loss limit for individuals aged between 18-24 in the latest move made by the Åland-based gaming firm to strengthen its responsible gambling protocols.
This loss limit had been set at €20,000 on an annual basis for all customers, but has now been lowered to €10,000 and is valid for customers across all of the group’s gaming sites. This includes all gaming categories, without exemptions.
“We need to take a stronger grip and minimise the risks for our young customers. Therefore, this is a good measure that strengthens our take on responsible gaming,” said Jenna Ekström, Responsible Gaming Manager at Paf.
This loss limit is mandatory, with the maximum limit not able raised to a higher level. However, the group noted that it can “easily and quickly” be set to an even lower level on a daily, weekly or monthly basis by the player.
“We are convinced that mandatory loss limits are among the most decisive and responsible actions a gaming company can take,” noted Daniela Johansson, Paf Deputy CEO and Chief Responsibility Officer.
Adding: “A customer with gambling problems most likely does not have the same ability to control his gambling and set his own limits, which is why we need mandatory loss limits in the gambling industry.”
Ekström closed by elaborating on the move further still, noting that research on gambling problems and different risk groups generally indicate that young people should be considered as a risk group.
“The facts and research about gambling problems that we have seen point out that young people are a more vulnerable group,” she added.
“On the one hand, young people have a tendency to take more risks and on the other hand they don’t have the same financial possibilities to play monetary games.”