Switzerland Could Soon Reverse Online Gambling Ban

Switzerland Could Soon Reverse Online Gambling BanCurrently, Switzerland has 21 land-based casinos, while online gaming sites are banned, as are poker games played outside the nation’s casinos. However, Switzerland’s gambling landscape could soon change dramatically, as plans are currently underway to allow online sites to operate legally inside the country of roughly 8 million people.
Switzerland is one of the world’s richest nations, with its citizens enjoying an average wealth per adult in excess of $500,000. However, Swiss politicians have grown tired of seeing the country’s valuable revenues being funneled into the pockets of unlicensed offshore operators, with the figure estimated to be around $307 million per year. The government is also keenly aware of how Switzerland’s once-booming casino industry is now being adversely affected by the country’s total online gambling ban.
This has lead the Swiss parliament to approve an overhaul of the country’s formal licensing arrangement, and if all progresses accordingly, both Swiss and international firms may eventually be permitted to apply for an operating license, with potential licensees also benefiting from the country’s traditional favorable tax regime. Nevertheless, a number of challenges have first to be overcome, not least from the Swiss Federation of Casinos (CDCM), who objects to non-land based casino operators being granted online licenses. As a CDCM official statement explains:
“We support the idea of expanding the current license. Online is not a new market: it’s just a new platform for distributing an offer that’s already available. It targets the same clients and it meets the same needs of the traditional games. We believe that current brick-and-mortar licensees casino games should not be ‘punished’ for the fact that they have respected the rules that currently forbid them to run operations online.”
Ultimately, this objection could lead to a similar set up to the US market, in which online operators have to partner up with a land-based casino before receiving licenses.
Another positive development for Swiss online gamblers is that there does not appear to be any indications the regulated market will be forcibly isolated from international players. Hopefully, the country is keen to avoid the disastrous ‘ringfenced’ strategy adopted by other European countries, such as France, Italy, and Spain, whose relative poker markets are currently reeling from a lack of player liquidity, and therefore appeal.

Poker News
west virginia online poker
14 Mar 2019
Online gambling could soon be legal in West Virginia as long as the state’s Governor doesn’t decide to throw a last-minute wrench into the process. House Bill 2934, which would legalize all forms on online gambling in the state, including online poker and casino gaming, passed a vote in the Senate earlier this week. The
Mississippi Casinos Post Record Revenue in April as Sports Betting Beckons
04 Jun 2018
Mississippi’s casinos generated gross gaming revenue of $184 million in April, or 5% more compared to the same month in 2017. Furthermore, that total represents an all-time high for the state, and is 1.3% more than the previous record set in 2007 when thousands of volunteers entered Mississippi to assist in cleanup efforts post-Hurricane Katrina.
Switzerland Prepares For June 10th Legalized iGambling Referendum
04 Jun 2018
On June 10th, Switzerland will hold a national referendum to decide whether the ‘Money Gaming Act’ passed by the Swiss Parliament in September 2017 can be implemented next year in its present form. The piece of legislation paves the way for land-based casinos and local partners to offer legalized online gambling in Switzerland, although a
Spanish Online Poker Revenue Jumps 27% in Q1
03 Jun 2018
In January, Spain and France started pooling their online poker players in an attempt to revive an industry decimated by the ring-fenced policies adopted by their respective governments. If they were ever in any doubt as to the validity of their move, the results for the first three months of 2018 will certainly have allayed