888 sells Latvian operations to Paf for €28.25m
Paf has recently acquired 888’s Latvian subsidiaries for just over 28 million euros.This agreement will involve two of 888’s brands, William Hill and Mr. Green, which Paf...
Paf publishes 2022 financial report
Paf recently published its latest financial analysis, highlighting a healthy growth momentum for the firm.
The report highlighted some of the company’s most important figures from the period, starting with its gross revenue, which was recorded at 165 million euros. This was 23% higher than the company’s turnover in 2021, which was recorded at 135 million euros, also setting a new gross revenue record for the gambling operator.
Most of this revenue came from Paf’s online gambling services, which generated 142 million euros in the period, up from the prior year’s 121 million euro revenue figure. The analysis added that Spain and Sweden were some of the fastest-growing markets for the firm’s online operations and that its total player numbers increased in the period by 44% to over 480 thousand, setting yet another record for the operator.
This led to a total operating profit of over 48 million euros in the period, which represents a 36% increase from 2021’s operating profit of under 36 million euros.
In addition to all of the figures, the company mentioned some of its 2022 achievements in the report as well, with one of the most prominent ones being its investments in player protection. Back in April, the company lowered the loss limits for its youngest players, which is a move that Paf has estimated will cost it over 7 million euros per year. However, its positive impact on younger gamblers is what drove the firm to implement the change, which will go into effect in the forthcoming months.
Paf and Kambi extend longstanding contract
Kambi will continue supplying its sports wagering solutions to Paf through the two firms’ latest contract extension.The pair of businesses have been working together for...
