{"id":9141,"date":"2025-05-21T09:58:23","date_gmt":"2025-05-21T09:58:23","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2025\/05\/21\/paf-grows-online-revenue-to-e161-2-million-with-4-8-percent-rise-in-2024\/"},"modified":"2025-05-21T09:58:23","modified_gmt":"2025-05-21T09:58:23","slug":"paf-grows-online-revenue-to-e161-2-million-with-4-8-percent-rise-in-2024","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2025\/05\/21\/paf-grows-online-revenue-to-e161-2-million-with-4-8-percent-rise-in-2024\/","title":{"rendered":"Paf Grows Online Revenue to \u20ac161.2 Million with 4.8 Percent Rise in 2024"},"content":{"rendered":"<div>\n<p>Nordic gaming operator Paf posted its highest-ever revenue in 2024, driven by a strong performance in its online division. However, the company\u2019s net profit dipped slightly due to rising tax obligations in key markets. The company operates brands such as Paf.com, Speedy Casino, SpeedyBet, Speedyspel, and more.<\/p>\n<hr>\n<p><em><strong>Good to know<\/strong><\/em><\/p>\n<ul>\n<li><em><strong>Online gaming generated over \u20ac161 million, up nearly 5%.<\/strong><\/em><\/li>\n<li><em><strong>Total registered customers reached 685,406, an 11% increase.<\/strong><\/em><\/li>\n<li><em><strong>Tax hikes across several jurisdictions cut into earnings.<\/strong><\/em><\/li>\n<\/ul>\n<hr>\n<p>In its full-year financial report, Paf confirmed group revenue climbed to \u20ac183 million ($207.4 million) for the year ending December 31, 2024\u2014a 3.3% gain over the prior year\u2019s \u20ac177.1 million. Most of the growth came from digital channels, particularly slots and sports betting.<\/p>\n<h2>Online Outpaces Land-Based Operations<\/h2>\n<p>Online operations made up the bulk of earnings, bringing in \u20ac161.2 million for the year. This marked a 4.8% improvement year-on-year. Paf linked the online boost to a growing customer base, up 11.4% from the previous year. The company expects further gains in 2025 through refined marketing and tech updates.<\/p>\n<p>In contrast, revenue from physical locations\u2014such as arcades and gaming aboard ferries\u2014fell 6.4% to \u20ac21.8 million. This decline was primarily due to increased lottery taxes in Finland, where Paf\u2019s payments rose from \u20ac1.3 million to \u20ac2.7 million. Still, the segment saw some encouraging signs, including a 2% bump in passenger volume and record satisfaction among its partners.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"Mirax Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Mirax-Casino.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Mirax Casino\" target=\"_blank\" rel=\"nofollow\">Mirax Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>350% or 5BTC + <strong>150 Spins!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 350% + 150 Free Spins\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2>Higher Taxes Erode Profit<\/h2>\n<p>Despite record top-line performance, Paf\u2019s net profit dropped 1.5% year-on-year to \u20ac54.3 million. The company paid \u20ac11.8 million more in taxes during 2024 compared to the previous year. Alongside the Finnish tax increase, Sweden\u2019s gambling tax rose to 22%, while Estonia and Latvia lifted rates to 6% and 12%, respectively.<\/p>\n<p>CEO Christer Fahlstedt described the earnings dip as expected and manageable.<em> \u201cWe had a strong 2024, and we can be really pleased with the year,\u201d<\/em> he said. <em>\u201cThe trend of increased gambling taxes is bringing down earnings, but this was something we were prepared for.\u201d<\/em> Fahlstedt also stressed that higher taxes are necessary for the gaming industry to give back to society, a principle he supports.<\/p>\n<h2>Stable Contributions to Society<\/h2>\n<p>Despite lower profits, Paf maintained its community contributions, allocating \u20ac21.5 million to initiatives in youth programs, sports, culture, social welfare, and environmental efforts. Chairman Mikael von Schantz praised the operator\u2019s consistency, highlighting its commitment to responsible gambling and voluntary player protections.<\/p>\n<p>Paf has continued refining its responsible gaming policies. In March 2025, the company introduced tighter annual loss limits. Players aged 25 and above now face a \u20ac16,000 cap (down from \u20ac17,500), while users aged 20\u201324 are limited to \u20ac6,000 annually, a reduction from \u20ac8,000. The limit for 18\u201319-year-olds remains at \u20ac1,800.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"Katsubet\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Katsubet.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Katsubet\" target=\"_blank\" rel=\"nofollow\">Katsubet<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>5BTC or 111% + 111 Free Spins!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive 111% Welcome Bonus  + 111 Free Spins<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Fahlstedt emphasized the company\u2019s focus on long-term sustainability. \u201cOur results show that it is possible to achieve strong results without compromising on responsible gaming,\u201d he said. He also expressed disappointment in rival Veikkaus for raising its player loss limits, contrasting that move with Paf\u2019s more conservative approach.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/paf-grows-online-revenue-to-e161-2-million-with-4-8-percent-rise-in-2024\/\">Paf Grows Online Revenue to \u20ac161.2 Million with 4.8 Percent Rise in 2024<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Nordic gaming operator Paf posted its highest-ever revenue in 2024, driven by a strong performance in its online division. However, the company\u2019s net profit dipped slightly due to rising tax obligations in key markets. The company operates brands such as Paf.com, Speedy Casino, SpeedyBet, Speedyspel, and more. Good to know Online gaming generated over \u20ac161 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-9141","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=9141"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9141\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=9141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=9141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=9141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}