Switzerland looks set to ban foreign online gambling operators

Switzerland looks set to ban foreign online gambling operators

By site_editor

All media, including Gambling Insider report (June 11 2018) that Switzerland seems set to ban foreign betting sites. This follows a referendum vote on the country’s new Gambling Act in which 72.9% of those voting came out in its favour.

However,  the new Gambling Act will allow for Swiss casinos and gaming firms to offer online gambling for the first time. The  taxable winnings threshold will rise from $1,012 to $1.0129m.

The legislation will come into force in 2019.

The driving force of the campaign to back the new Gambling Act was centred on the idea of tackling gambling addiction in the country.

The Swiss Government claim that currently $253m is spent annually in the country on unregulated foreign betting sites. Money that the government says it will be spending on tackling gambling addiction as well as sports and culture programmes.

It is believed that there are currently 75,000 people who are classified as gambling addicts in the country.

 

Company Details

International Association of Gaming Regulators
7881 W Charleston Blvd, Suite 155
Las Vegas, NV 89117
USA

Fax: +001 (636) 277-6665

Email Contact

Twitter Feed

#iagr2018: IAGR's annual conference in Copenhagen has been declared a 'huge success': https://t.co/ffSxJg9LPA https://t.co/4OUHD7xom3
IAGR_ORG (2 weeks ago)
#iagr2018 5 key issues in US sports betting: strong, robust and innovative content; reliable servers and data cente… https://t.co/0PBZWPiNX5
IAGR_ORG (4 weeks ago)
#iagr2018: William Pascrell III of Princeton Public Affairs Group Inc is telling us about new sports opportunities in North America.
IAGR_ORG (5 weeks ago)
#iagr2018: Would banning bonuses solve the issue - or drive players to unlicensed operators?
IAGR_ORG (5 weeks ago)
iagr2018: Michael Bay Jørsel, CEO, Center for Ludomani, Denmark: increasing number of young men (18-30) are seeking… https://t.co/vSGuYDb3DN
IAGR_ORG (5 weeks ago)