Government-owned gambling operator
Companies offering government-owned gambling operator in the iGaming industry — 1 listed.
Paf
Mariehamn, Åland, Finland
Paf (Ålands Penningautomatförening) is a government-owned gambling operator based in the autonomous region of Åland, Finland, founded in 1966 by a coalition of non-profit organisations to raise funds for social and charitable causes. It holds a legal monopoly on gambling within Åland and operates online, on Baltic Sea passenger ferries, and through land-based slot machines on the islands. Paf launched its first online games in 1999 and now serves multiple European markets under local licences, with a portfolio of consumer brands including Paf.com, SpeedyCasino.com, and GoldenBull.se. The company is renowned for pioneering responsible gambling measures: in 2018 it introduced the industry’s first mandatory annual loss limit of €30,000, progressively reduced to €15,000 by 2026. With 295 employees and revenue of €214.5 million in 2025, Paf has distributed over €527.9 million to social, cultural, and charitable projects since its founding. In 2024 it committed to net-zero greenhouse gas emissions by 2040, a target validated by the Science Based Targets initiative, and in 2026 it acquired Bell Casino to expand its maritime gaming operations.