Tag Archives: finland

Profitable Paf provides €18 million to the Åland community

Paf - Copyright: oxygen64 / 123RF Stock Photo

Paf has made a significant contribution to the Åland community after allocating €18 million of its 2017 revenues to the Finnish province’s regional government. The gaming company’s annual turnover reached €116.5 million for the full-year, up 2.6% year on year (YOY) from €113.5 million in the corresponding 2016 period. This increased turnover led to the firm posting an operating profit …

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2017 a record year for XLMedia

Publishing its results for 2017, affiliate marketing firm XLMedia has detailed another set of record breaking results, outlining that its revenues increased by 33% to $137.6 million from the corresponding year. Additionally, the Gross profit of XLMedia rose to $73.1 million up 37% from 2016. The group reported its Nordic expansion played a key role in its positive 2017 outlook, …

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XLMedia raises £32 million through share sale

London AIM-listed industry affiliate marketing firm XLMedia has confirmed that it has raised approximately £31.7 million through its latest ordinary shares placement. Issuing a market statement on Tuesday 16 January, XLMedia governance detailed that it would place up to 16 million ordinary shares, representing circa 7.8% of the firm’s equity for sale to institutional investors. This morning, XLMedia confirmed that it …

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Police contact ensures Kasino Curt goes up in smoke

Sami Helenius, a former National Hockey League (NHL) player, has walked away from Kasino Curt, his casino affiliate business, just weeks after announcing its launch. Targeting Swedish casino enthusiasts, Helenius was to run the site from his native Finland, however he has decided to quit after receiving police contact. In the Scandinavian nation gambling operations are run by Fintoto, Veikkaus …

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Responsibility First… Paf appoints Daniela Johansson as Deputy leader

Åland Island-based gambling operator Paf has confirmed the appointment of Daniela Johansson to the position of Deputy Chief Executive. Focusing on corporate development and social responsibility, Paf governance promotes the fifteen-year company veteran Johansson to the position of deputy leader, supporting Group Chief Executive Christer Fahlstedt. Johansson has most recently served as Paf Chief Responsibility Officer (CRO: 2014-2017), leading the …

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Finnplay secures UKGC software operating licence

Seeking to boost its licensing provisions, Finnish platform and white-label industry solutions supplier Finnplay has confirmed that it has gained a software operating licence from the UK Gambling Commission (UKGC). Updating the market, Finnplay management detailed that it had added UK betting industry software supplier certification to its existing UKGC ‘pool betting’ licence, thus being able to better service the …

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Veikkaus Finland selects Kiron Interactive as lead Virtual Sports supplier

Recently enlarged Finnish state-owned betting operator Veikkaus has selected Kiron Interactive to be its lead virtual sports content provider. Updating the market, Kiron Interactive detailed that it would initially supply 17 virtual sports games to Veikkaus retail network. The games inventory will include popular Nordic content Hockey Shots and Speed Skating. Kiron was chosen by the government-owned Veikkaus, which has an …

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ESSA – Tennis heads up suspicious betting activity for the ninth consecutive quarter

Updating the market, international betting integrity body ESSA reported 27 cases of suspicious betting to the relevant authorities during the first quarter (Q1) of 2017. The sport of tennis accounted for 45% of those alerts with 12 cases; the sport has now had the highest number of alerts in the last nine consecutive quarters. The remaining 55% of cases were split …

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Year of corporate restructuring impacts Paf bottom-line

Finnish state-owned gambling operator Paf has announced that it will donate approximately €20 million to national charities and social initiatives, following its full-year 2016 financial update. A year of corporate restructuring, which saw Paf appoint former Tain Networks Executive Per Sahlberg as its new CEO. Paf would report flat-line corporate revenues of €113 million (FY 2015: €110 million). Nevertheless, Paf …

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