Gaming operator Paf announced plans for significantly improving responsible gaming in Latvia after signing an agreement with four other organisations.
The gaming companies in question are Betsafe, Optibet, 11.lv and Feniksscasino, who have agreed to strengthen their responsible gaming initiatives beyond the criteria of Latvian gambling law in addition to the Åland Islands-based Paf and Pafbet is Latvia.
Rihards Streikis, Paf’s manager in Latvia explained: “Among other things, we will introduce facilities for self-tests, deposit limits, the closing of specific game categories, proactive information on responsible gaming and a whole host of other measures. It will be a clear improvement on what the gambling law in Latvia requires.”
The new Latvian Gambling Act requires few obligations, such as players who need to set a maximum bet for one game or a maximum bet for all bets within 24 hours, as well as players who also have the right to exclude themselves from a gaming operator.
In order to set a precedent for other operators, the five companies are all members of the Latvian Interactive Gambling Association and together make up 90% of the online gaming market in the country. The new agreement specifies that the responsible gaming resources included must be released on the respective gaming sites by 30 June 2020.
“Paf’s licensed brand in Latvia, Pafbet, may currently have a small part of the market but we have the most developed responsible gaming. We are an example for the other operators,” added Streikis.
After the company reduced its annual maximum loss cap by € 5,000 to € 25,000, Daniela Johansson, Paf’s Deputy CEO and Chief Responsible Officer recently said: “The conclusion for us is that a lower annual mandatory loss limit is good for our customers and it’s the most meaningful and valid thing we can do,” it was stated.