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PAF Accredited by Ecogra

Friday October 18,2013 : ECOGRA ACCREDITS ONLINE GAMBLING GROUP PAF
 
Independent auditors applaud strong responsible gambling culture at Ålands Penningautomatförening
 
The diverse and multi-platform online gambling operations at Finnish online gambling group Ålands Penningautomatförening (Paf) came under the rigorous eCOGRA microscope recently when a team from the independent standards and regulatory auditor visited bases in Helsinki and Mariehamn, and thoroughly inspected operations and software from a variety of providers used by the group.
 
Paf uses software and management systems from Net Entertainment (RNG casino); Evolution (live dealer casino); SpieloG2 and Ongame (poker); Parlay (bingo); and Kambi (sports betting), all suppliers that comply with the eCOGRA requirements for acceptable online gambling providers after undergoing stringent testing.
 
In addition to software fairness and safety, all management, financial and operational systems were reviewed and evaluated in the eCOGRA on-site inspection, carried out over several days by a team headed by eCOGRA manager Louise Chunnett, a Chartered Accountant and Certified Information Systems Auditor with extensive testing experience in online gambling regulated markets.
 
Chunnett reported:
 
“Paf really is an exceptional company, particularly in the area of responsible gambling, where it has gone to extraordinary lengths to guard against problem and underage gambling, and the involvement of criminal activity.
 
“Based on our on-site review of the Paf.com operations and software suppliers, we are satisfied that this company’s responsible gambling policies and procedures, and the culture throughout the organisation is of the highest standard, comparing favourably with measures in top industry companies we have inspected in the past.
 
" In fact, Paf has successfully set unique industry standards in its commitment to responsible gaming by developing new dedicated tools which are actively contributing towards establishing higher levels of best practice in this area.”
 
Chunnett's report also notes that the Finnish operator maintains very high standards of operational efficiency and conduct,  complying with almost 200 industry best practices in the areas of player protection, fair gaming and responsible operator behaviour.
 
Taneli Hölttä, a senior manager at Paf said: "Passing such an all-embracing and in-depth evaluation as that leading to an eCOGRA Safe and Fair accreditation was something we all worked hard to achieve, so it is very satisfying in both a business and professional sense.
 
"We were especially impressed with the inspection team's industry knowledge and constructive comments about our responsible gambling systems, which have been a key focus of our operational activity."
 
Ålands Penningautomatförenin was founded in 1966 to generate profits for the support of good causes. The company is an international full-service online gaming site with over 150 games, and also maintains a large physical gaming operation on land and sea with about 1 300 gaming machines, 40 gaming tables on ships and Paf Casino on Åland. In 2012 the Paf Group had a turnover of Euro 117 million, producing a profit of Euro 24.7 million and contributing Euro 19 million to good causes. The group has over 300 employees with offices in Mariehamn, Helsinki, Stockholm, Tallinn and Madrid.

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Interwetten 2016 Earnings Results - Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform

EU Online Gambling Tax Harmoney Dead - Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.

Jack Lam Facing Big Fines in the Philippines - It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.

Walter Merricks Term As Gambing Commissioner Extended - The UK Government has extended Walter Merricks’ term as Commissioner of the Gambling Commission for a further year, ending December 31, 2017.

Loot’enKhamun Pays $3.8 Million Jackpot - A London-based construction worker’s year got off to a great start when he hit the Loot’enKhamun jackpot at bwin casino.

PlaySugarHouse To Carry Konami Content - Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.

ITF TERMINATES BETWAY SPONSORSHIP DEAL - The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.

GSA To Launch European division - The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.

Paddy Power Trading Update - Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.

Tabcorp SunBets project - The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.

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