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Private company

Paf

Logo: Ålands Penningautomatförening, Attribution, via Wikimedia Commons3

Gambling company owned by the regional government of Åland, Finland

Ålands Penningautomatförening (commonly abbreviated Paf) is a government-owned gambling operator in the autonomous Finnish region of Åland. Established in 1966, it has legal authority under Åland’s gambling framework to provide gambling on the islands, online, and on passenger vessels operating from the region. Paf’s operations include online gambling, gambling on board passenger ships in the Baltic Sea and surrounding Nordic sea routes, and land-based gaming such as slot machines on Åland.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1966Founded1

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Photo: Håkan Skogsjö, CC BY-SA 4.0, via Wikimedia Commons5

Ålands Penningautomatförening (commonly abbreviated Paf) is a government-owned gambling operator in the autonomous Finnish region of Åland. Established in 1966, it has legal authority under Åland’s gambling framework to provide gambling on the islands, online, and on passenger vessels operating from the region.2

The story

Paf was founded in 1966 by a group of non-profit organisations in Åland, including Folkhälsan på Åland, Rädda Barnen (Save the Children), the Röda Korset (Finnish Red Cross), and the Dagens Barn foundation.

The company began operating on Åland-registered ferries in the early 1970s, and launched its first online games in 1999.

In 2015, Paf and Sunborn Hotel opened Casino Sunborn in Gibraltar. The casino was sold to Admiral in 2018.

In 2021, the Supreme Court of Finland sentenced Paf to a community fine of €250,000 in a case concerning negligent money laundering.

In 2024, Paf announced a commitment to achieving net-zero greenhouse gas emissions by 2040, a target validated by the Science Based Targets initiative (SBTi).

From Wikipedia’s article on Paf (company), shared under CC BY-SA 4.0.4

Products and brands

Paf conducts licensed gaming operations in several European markets through a portfolio of consumer brands that varies by country. Its core brands include Paf.com, Paf.se, Paf.es and Paf.ee. In Sweden, the company also operates SpeedyBet.com, SpeedyCasino.com, X3000.com, GoldenBull.se, 1x2.se and CasinoEpic.se. In Spain, it operates GoldenBull.es, SpeedyBet.es and PiñataCasino.es, while in Latvia it operates 11.lv, PafBet.lv and X3000.lv.

In addition to its consumer brands, Paf provides the gaming platform for mycasino.ch in Switzerland through a partnership with Grand Casino Luzern. In 2025, mycasino.ch was the market leader in Switzerland's online casino market and reported gross gaming revenue of CHF 95.4 million.

From Wikipedia’s article on Paf (company), shared under CC BY-SA 4.0.4

Subsidiaries and ownership

Owners

  • Government of Åland

From Wikidata.1

Timeline

  1. 1966Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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