Paf introduces lowered loss limit for young people

[The Buzz]

Regionally owned Åland gaming operator, Ålands Penningautomatförening, known as Paf, has lowered the loss limit for people aged 18-24 to €10,000, from the previous threshold of €20,000.

The loss limit for young people is mandatory and the maximum limit cannot be raised to a higher level. But the limit can easily and quickly be set to an even lower level on a daily, weekly or monthly basis by the player himself.

From the announcement:

Paf is the only international gaming company that has introduced an annual mandatory loss limit that applies to all online customers. The loss limit is set at €20,000 on an annual basis for all customers, but it has now been lowered to €10,000 for people aged 18-24.

– We need to take a stronger grip and minimize the risks for our young customers. Therefore, this is a good measure that strengthens our take on responsible gaming, says Jenna Ekström, Responsible Gaming Manager.

Paf’s loss limit for young people has already been implemented and it is now valid for all young customers on Paf’s gaming sites, as well as on all other gaming sites owned by Paf. The loss limit includes all gaming categories without any exemptions.

– We are convinced that mandatory loss limits are among the most decisive and responsible actions a gaming company can take, says Daniela Johansson, Deputy CEO and Chief Responsibility Officer.

Read more here: https://aboutpaf.com/loss-limit-for-young-people/

[newcustomeroffer]

I understand the sentiment of the move by Paf and makes a level of sense from the research that they quote.

Very blanket approach though, I wonder how many of their 18-24 year-olds actually exceed €10k anyway - if it's a tiny fraction then maybe more about headlines this. Equally, the demographic of those hitting the existing €20k maximum could be very different.

[MegaPari]

Thank you for sharing the piece of news.
I tend to agree that the regulation applies to a more vulnerable demographic group of players. Anyway, I'm not sure young people even have that amount on their bank account - taking into account that students often have to work part-time in order to own their living. To make a long story short, we talk about only a small group of young people who do not face any financial struggle. So we may consider it as a PR-stunt rather than a commonly applicable solution to boost responsible gaming