Online casinos raise revenue and profits as some reports remain overdue

Several online casino operators increased their revenue and profit in 2025, while a number of major internet casinos failed to submit their annual reports by the deadline, ERR reported.

Pafer AS, which operates gambling services online and on Tallink passenger ferries and belongs to the international PAF gambling group, increased its revenue by 16 percent to 15.13 million euros. Its profit rose from 1.55 million euros in 2024 to 4.39 million euros.

Company management attributed the profit increase mainly to higher demand for internet-based gambling services and more efficient cost management. It also said that Pafer did not pay dividends in 2025, unlike the previous year, which supported profit growth.

Remote gambling accounted for the largest share of Pafer’s revenue, at 9.9 million euros, an annual increase of almost one-fifth. Gaming machine revenue totalled 4.637 million euros, while table games, bingo and game development brought in about 229,000 euros, 160,000 euros and 147,000 euros respectively.

Pafer paid almost 1.49 million euros in gambling tax and had 30 employees.

OB Holding 1 OÜ, the parent company of the OlyBet group founded in 2020, increased its revenue by 6 percent to 45 million euros. The company operates in Estonia, Latvia, Lithuania, Croatia, Spain and France, and had 83 employees.

OB Holding 1’s profit rose from 24.6 million euros to 31.12 million euros. It paid 3.37 million euros in gambling tax and spent 4.68 million euros on marketing, 1.6 million euros less than in 2024.

Dreambox Games OÜ, which operates remote gambling services in Estonia, Sweden and Denmark and sports betting in Estonia under the Chanz brand, increased its revenue by almost 4 percent to 4.69 million euros. Revenue from Estonia accounted for 3.59 million euros. The company had an average of 21 employees and earned a net profit of 322,000 euros.

Dreambox Games spent almost 654,000 euros on advertising, gifts and donations, and paid nearly 507,000 euros in gambling tax. In its annual report, the company said the regional economy continued to be affected by the war in Ukraine and rapid inflation, as well as a declining trend in the Finnish market because marketing to customers there is prohibited.

Vana Lauri OÜ, which generates most of its revenue in Finland, increased sales by 15 percent to 24.5 million euros. Its profit rose from 2.8 million euros to 4.5 million euros.

Vana Lauri spent 2.98 million euros on marketing and paid 1.48 million euros in gambling tax. The company had eight employees.

Befuria GO OÜ, founded in 2008 and owned by a parent company registered in Cyprus, recorded a sharp increase in revenue. Its sales rose from 93,000 euros in 2024 to 8.9 million euros in 2025. Of that amount, 5.6 million euros came from casino services and 3.3 million euros from sports betting.

The company also moved from a loss of 21,000 euros in 2024 to a profit of 1.76 million euros. Befuria GO paid 536,000 euros in gambling tax and spent 1.8 million euros on marketing. It had one employee.