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Paf makes significant investment in responsible gaming
The Nordic gaming company Paf has once again chosen to lower the mandatory loss limit. At the same time, Paf is introducing a new loss limit for young people aged 18–19. The measures are estimated to cost about 7 million euros annually.
Paf is lowering the annual mandatory loss limit from 20,000 euros to 17,500 euros, which means that no customer can lose more than that maximum limit on Paf’s online games. The loss limit will apply to all game categories and all gaming sites owned by Paf.
“Paf is making its biggest investment in responsible gaming ever. We are adjusting a number of different limits and the overall impact of our measures will make a noticeable difference in our numbers and customer segments,” says Christer Fahlstedt, CEO.
A €7 million investment
The new annual loss limit of 17,500 euros (190,000 SEK) will be implemented and put into effect early summer. Together with other decisive actions being introduced, the measures are expected to cost about 7 million euros.
“We have an opportunity to take another step and improve our commitment to responsible gaming. It’s something we want to do because it’s the right thing to do, if we are to continue our journey to become a sustainable entertainment company,” says Christer Fahlstedt.
Loss limit lowered by 82% for young people
The loss limit for the youngest customers at Paf will be lowered from the current 10,000 euros to 1,800 euros per year, an 82% reduction. The reduction applies to all customers aged 18–19.
“The change further strengthens our RG-focus on young people, which is good because it is in line with the research on gambling problems that says young adults are an extra vulnerable group when it comes to gambling,” says Daniela Johansson, Deputy CEO & Chief Responsibility Officer.
In 2022, Paf implemented a lowered loss limit for young people aged 18–24 of 10,000 euros. The loss limit for young people is now being complemented by a reduction for all persons aged 18–19.
Paf’s mandatory loss limits 2023
18–19 years 1,800 euros / 20,000 SEK
20–24 years 10,000 euros / 100,000 SEK
≥25 years 17,500 euros / 190,000 SEK
For several years now, Paf has openly published the numbers for customers’ winnings and losses, as well as how different customer segments have developed since 2017. In recent years, Paf has managed to reduce the number of customers playing for larger sums and increase the number of customers playing for smaller sums.
“We will continue to implement responsible gaming measures that improve the numbers in our customer segments. We will set a standard for gaming companies when it comes to responsibility, a standard that other international gaming companies can and should follow,” says Christer Fahlstedt.
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FBMDS present in SiGMA Europe Malta 2024 in full force
FBMDS, the global leader in video bingo and a driving force in the online casino gaming industry, is proud to announce its sponsorship of SiGMA Europe Malta 2024, from November 11th to the 14th. As the company continues to expand its influence within the iGaming space, it will participate in high-level discussions that shape the future of the industry, with a particular focus on niche gaming markets.
FBMDS’ presence at SiGMA Europe underscores its ongoing leadership not only in video bingo but across the broader online casino market. With a portfolio that blends cutting-edge content and an unwavering focus on player experience, FBMDS has set a high bar in niche gaming, particularly in emerging markets.
This year, FBMDS is excited to be featured in the panel discussion titled “Niche Gaming: Driving Growth in Emerging Casino Markets”, led by Mariana Tostes, Head of Operations at FBMDS. The session will delve into the growing significance of niche markets within the iGaming industry, exploring how strategic product development and market research can unlock new growth opportunities for operators worldwide.
FBMDS’ sponsorship and active involvement in panel discussions reflect its focus on networking and fostering meaningful business relationships, as the company is committed to discussing growth strategies and disruptive approaches that can enhance operators’ portfolios and drive success in the increasingly competitive iGaming landscape.
Engaging business offer to unravel at SiGMA Europe Malta
The FBMDS team will be available for one-on-one meetings throughout the SiGMA Europe Malta 2024 event, offering attendees the opportunity to explore how FBMDS’ extensive range of gaming offerings can support their business goals.
The brand’s latest additions to its portfolio reflect the company’s goal to delivering high-quality, player-focused content tailored to specific market needs. Its new Infinity Series, a revolutionary collection of video bingo games designed to elevate the player experience, along with the launch of Sapphire Fever, further reinforces FBMDS’ standing as a leader in immersive video bingo, combining premium visuals with seamless game dynamics.
In addition to its video bingo popularity, FBMDS continues to drive innovation in other gaming segments. Recent launches, such as Ronaldinho Crash and Champion Tales, have captivated crash game enthusiasts with dynamic and thrilling gameplay. Meanwhile, the Safe Blaster slot game introduces an exciting, high-energy slot experience to the market, adding to FBMDS’ growing reputation for diverse and engaging casino products.
With a reputation for understanding niche markets and delivering customer-centric solutions, FBMDS is keen to collaborate with operators looking to differentiate themselves in the iGaming sector. If you wish to discover more about FBMDS online casino gaming world, don’t hesitate to book a meeting with our experts!
The post FBMDS present in SiGMA Europe Malta 2024 in full force appeared first on European Gaming Industry News.
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Groove Makes Strategic Strides in Georgia with Team Visit
Platform and aggregator Groove has marked a key milestone in Georgia, solidifying its presence with a special visit from Social Media Brand Marketing and Senior Account Manager, Rachel Tourgeman. Rachel, a pivotal figure in Groove’s rapid expansion, was hosted by SmartSoft, one of the region’s leading players, as she took part in an immersive exploration of Georgia’s potential and opportunities within the iGaming industry.
Groove, known for its cutting-edge technology and innovation, continues to revolutionise the iGaming sector with its comprehensive platform and game aggregator. Its portfolio now boasts over 15,000 games from more than 100 top-tier providers, adding over 100 new titles every month, ensuring operators and casinos always have fresh content to captivate players.
From humble beginnings with a few small accounts, Rachel has proven her expertise by turning them into success stories almost overnight. Since joining Groove mid-pandemic in 2020, she has become an integral part of the company, wearing many hats and driving the brand’s growth on multiple fronts.
Whether it’s fostering client relationships, attending major conferences, or now managing Groove’s press releases and social media strategies, her dedication has been tireless. Her visit to Georgia was not just a testament to her commitment but also underscored the region’s growing importance in Groove’s global ambitions.
Georgia, along with key markets like Romania, Serbia, Bulgaria, Kazakhstan, and Slovenia, serves as a strategic hub for Groove’s operations in Eastern Europe and Central Asia. These regions provide not only fertile ground for business but also insights into diverse cultural, political, and regulatory environments, essential knowledge for scaling globally.
Rachel’s visit focused on refining marketing strategies and strengthening account management, working closely with the Groove Georgia team to ensure seamless cross-border collaboration.
“It was lovely catching up with our team in Georgia,” Rachel commented, highlighting the productive sessions she held on marketing and account management. ” These few days with SmartSoft and the Groove Georgia team really show that this region is a powerhouse within the global industry.”
Groove’s entertainment and technology ecosystem is also packed with powerful marketing tools, like free spins and interactive features, alongside data-driven analytics, giving businesses the tools they need to thrive in an ever-competitive market.
Groove’s expansion into regions like Georgia demonstrates its forward-thinking strategy, combining local expertise with global ambitions. With a strong team on the ground, and key players like Rachel Tourgeman driving the charge, Groove is poised for even greater success.
Yahale Meltzer, COO and Co-founder of Groove, echoed her sentiments, underscoring the strategic importance of Georgia within the company’s long-term plans. “Georgia is an important strategic centre for Groove,” Meltzer noted. “I am delighted Rachel was able to represent us with SmartSoft and discuss strategy with our team in Georgia. Groove is not just connecting the dots in Georgia, we are redrawing the map of the iGaming world.”
The post Groove Makes Strategic Strides in Georgia with Team Visit appeared first on European Gaming Industry News.
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Meridianbet Foundation (GMGI) Marks Five Years of Successful Global Scholarship Program
For the fifth consecutive year, the Meridianbet Foundation is proud to recognize and reward exceptional academic talent through its scholarship program. This program now reaches students across all markets where Meridianbet operates, supporting their academic journey and professional aspirations with meaningful financial awards and industry exposure.
Meridianbet, founded in 2001 and now part of Golden Matrix Group (NASDAQ: GMGI), has grown into a global leader in online sports betting and gaming. Operating in 17 jurisdictions across Europe, Africa, and South America, Meridianbet leverages proprietary technology and a scalable, omni-channel approach across retail, desktop, and mobile platforms. This commitment to innovation and accessibility extends beyond gaming, driving Meridianbet’s support for initiatives like the scholarship program, which fosters talent and empowers communities across all markets it serves.
Empowering Tomorrow’s Leaders
These scholarships are more than financial assistance—they represent the company’s commitment to empowering young people with the skills, knowledge, and experiences necessary for success. For our awardees, the Meridianbet Foundation Scholarship is a launchpad for both academic and career development, fostering a strong foundation for their futures. Awardees have consistently shared how this support motivates them to excel further and make a positive impact in their communities.
Promoting Civic Engagement and Sustainability
The Meridianbet Foundation believes in fostering a well-rounded educational experience that extends beyond academic excellence. Our scholarship recipients are not only top students but also active participants in civic and sustainability projects. Many have contributed to initiatives in recycling, public space maintenance, and environmental stewardship, setting an example for responsible community involvement.
Bridging the Gap Between Academia and Business
As a tech-driven company, Meridianbet recognizes the evolving skill gaps between traditional education and the demands of the contemporary business. To help close this gap, the Meridianbet Foundation actively support scholars in building practical skills across key fields, such as marketing, game design, artificial intelligence, investor relations, regulatory compliance, and human resources.
By connecting students directly with hands-on experiences in the fast-paced tech industry, the company offers them a competitive edge as they begin their professional journeys. This unique opportunity allows scholars to apply their academic knowledge in a real-world setting and acquire globally relevant expertise.
A Lasting Commitment to Academic Excellence
The Meridianbet Foundation’s dedication to fostering educational growth and professional development remains stronger than ever. By investing in the potential of exceptional students, Meridianbet continues to build a future workforce that is not only skilled but also socially conscious. The company looks forward to seeing how these remarkable individuals use this opportunity to excel, innovate, and contribute to their communities.
The post Meridianbet Foundation (GMGI) Marks Five Years of Successful Global Scholarship Program appeared first on European Gaming Industry News.
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