Swiss Online Casinos to Be Legalized Soon

6 May 2014

Operators who want to buy casino games for Swiss online casinos should know that the Swiss Federal Government has recently decided to introduce a draft bill that would legalize the online casino industry in Switzerland. At this point in time, 19 brick-and-mortar casinos are already running under existing Swiss law, but no online casinos have been allowed yet.

According to the new proposed bill, the operators of these 19 land-based gambling establishments will have the opportunity to buy casino games and start internet casinos. On the other hand, the bill does not contain any aspects regarding foreign operators who would like to start online gaming sites in the country.

Switzerland’s Federal Government has declared that the 26 Swiss Cantons would be freely allowed to design their own gambling laws, but a nation-wide regulatory body would be created in order to oversee the exchange of ideas and cooperation between the Cantons. Furthermore, the Swiss Department of Justice and Police is currently collaborating with representatives of the 26 Cantons in order to finish the drafting work.

Operators looking to buy casino games and open online casinos in Switzerland might like to know that the draft bill contains aspects regarding tax levels, prevention of problem gaming and underage gambling, money laundering and other illegal actions. Fortunately for entrepreneurs who buy casino games and for players, the government has declared that all winnings will not be taxed under future online gambling Swiss law.

The government’s decision to create a draft bill that would legalize online gambling came after several concerns appeared in regard to the decline of the Swiss casino industry. An industry report published by the Casino Federation revealed that the land-based casino results declined this year by 1.5 percent compared to 2013.

Thus, operators who seek to buy casino games will soon be legally allowed to start internet casinos in Switzerland, the country which is recognized for being one of the world’s richest nations and an economic wonder.

6 May 2014

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