Switzerland's Small New regulation Sample Shows Diversity and Promise

Published June 14, 2019 by Lee R

Switzerland's Small New regulation Sample Shows Diversity and Promise

The hope is that key developments in Switzerland's new regime will spur further application.

In Switzerland, Swiss National Council Bundesrat has approved iGaming licence applications from four of the country's land-based casinos.

Licencees

Grand Casino Baden, Casino Davos, Grand Casino Luzern and Casino Zürichsee were the four receiving approval for licences they applied for last year to extend gaming services online in Switzerland.

The licences are the first issued after a national referendum ratified iGaming laws passed by Swiss lawmakers in June of 2018.

Application Process

The applications were initially approved by Swiss gambling regulator Eidgenössische Spielbankenkommission (ESBK), with the Swiss National Council's permission providing the second approval necessary to award licences, with ESBK having committed to distributing all permits by June's end.

The New Blocks

Switzerland's Gambling Act was approved by 73% of voters in last June's national referendum, with the new legislation taking effect in January 2019. However, unlicensed sites will not be blocked until next month.

Terms

As the sole applicants, the four new licence holders will be permitted to offer games of chance such poker and roulette, with but face strict measures on maximum sums for poker tournaments, small lotteries and raffles.

Fees

As for licencing fees, small poker tournaments are subject to a maximum single entry fee of CHF200 (£159/€179/$203), with total entry fee limits to be set at CHF20,000. Lotteries and raffle limits will be determined by lottery size.

New Entry

The most notable new entry into the Swiss market is Stars Group, which in March announced its intention of partnering with a Swiss casino after suspending its own casino operations and sports betting in Switzerland.

New Ventures

Another impending partnership of note includes Swiss Casinos and Playtech in a new online venture.

More ventures of note include the online launch of Grand Casino Baden in Switzerland under its long-time free play Jackpots.ch brand; the Davos venue's deal with Belgium’s Ardent Group to operate under Ardent's Casino777 brand; the Pfäffikon venue's new deal with Playtech; and the Lucerne casino's operation in Switzerland will under its mycasino brand.

Outlook

While the hurdles are still to be worked out, the new opportunities visible popping up in Switzerland should be a selling point for further applicants.

See also

Pre-World Cup Friendly: Switzerland vs. Peru

Eventus International Looks to the Future Partnering With All-in Diversity Project

World Cup Preview: Switzerland's Chances Tonight

The Totally Gaming Academy Will Offer Samples At ICE 2016

Euro 2016 Qualifiers: England vs Switzerland


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