About Organisation
Overview
PAF (Ålands Penningautomatförening) is a non-profit gambling operator headquartered in Åland, Finland. Founded in 1966, the company is fully owned by the Government of Åland, with all profits directed toward social welfare, cultural initiatives, and public health.
PAF operates an online casino, sportsbook, poker, bingo, and runs licensed onboard gaming for cruise and ferry companies in the Baltic and North Seas.
Key Business Facts:
- Industry: Online and retail gaming (casino, sportsbook, poker, bingo)
- Ownership: Government of Åland (publicly owned non-profit)
- Business Model: B2C
- Core Products: Online casino, sports betting, poker, cruise ship gaming
- Employees: Approx. 316
- Technology: Proprietary games studio + third-party integrations
- Profit Use: Surplus allocated to health, culture, and social causes
Mission and Business Focus
PAF’s mission is to offer fun and safe gambling while returning value to the community.
- Non-Profit Operations: All proceeds distributed for social benefit
- Responsible Gambling Leadership: Industry-first loss limits and public RG reporting
- Multi-Channel Gaming: Online and onboard operations
- Sustainable Growth: Active in regulated European markets only
Company History & Founders
Year Founded and Evolution
| Year | Milestone |
| 1966 | Founded by NGOs including the Finnish Red Cross and Save the Children |
| 1999 | Became one of the first gambling operators to launch online |
| 2018 | Introduced an annual loss limit for all customers |
| 2020+ | Focuses on sustainable expansion and regulatory leadership |
Key People / Founders
- Christer Fahlstedt – CEO
- Founding Organisations: Finnish Red Cross, Save the Children, Folkhälsan i Åland
Licensing & Regulatory Info
Active Gaming Licenses
| Åland, Finland | Government of Åland |
| Sweden | Spelinspektionen |
| Estonia | Estonian Tax and Customs Board (EMTA) |
| Spain | Dirección General de Ordenación del Juego (DGOJ) |
Compliance Measures
- Mandatory annual loss limits
- Regular responsible gambling impact reports
- KYC, AML, GDPR-compliant verification
- Public audit of profit distribution
Offices & Headquarters
Main Offices
| Headquarters | Lövdalsvägen 8, Mariehamn, Åland Islands, Finland |
| European Offices | Tallinn (Estonia), Madrid (Spain), Stockholm (Sweden), Helsinki (Finland) |
| Onboard Operations | Gaming services on ferries in the Baltic and North Seas |
Business Partnerships
Platform & Tech Providers
- Games Studio: Proprietary in-house development
- Sportsbook Provider: Strategic partnership with Kambi Group
- Third-Party Providers: Integrated external content suppliers
Key Partnerships
- Cruise & Ferry Operators: Eckerö Linjen, Tallink Silja
- Sportsbook Technology: Kambi
- Founding NGOs: Finnish Red Cross, Save the Children, Folkhälsan i Åland
Contact Details
Addresses
- Headquarters: Lövdalsvägen 8, AX-22100, Mariehamn, Åland Islands, Finland
Website & Phone
- Official Website: www.paf.com
- Corporate Info: www.aboutpaf.com
- Phone: +358 18 24000
- Email: info@paf.com
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