Imagine an online gambling company turning players away because they’ve lost too much money. That will become reality in a few weeks in Aland, a small autonomous island group in the Baltic Sea off the coast of Finland. Aland-based Paf will become the first international online gambling company to introduce a loss limit on September 1st. The company estimates the limit — 30,000 euros or about $35,000 in U.S. currency a year — will result in a 5 percent reduction in annual profits. But Paf executives believe they can and should do it because they believe strongly in their responsible…

iGaming Business – Online gaming company Paf has joined forces with Swedish game developer Proactive Gaming in an effort to develop new internet bingo titles. The new collaboration will replace Paf’s existing arrangement with Canadian firm Parlay Games. Kim Johansson, head of games at Paf, said the company hopes to develop the industry’s ‘best bingo product’ under the new collaboration. “We believe that we have found a partner with extensive experience and unique knowledge that gives us the flexibility to be able to go the whole distance and eventually create unique experiences for our customers,” Johansson said. Paul Burman, chief…