Online Casinos in Switzerland Granted Licenses
For the first time ever, Switzerland has granted four casinos a license to operate online gaming operations. It’s an exciting time for a country that, for many years, seemed unwilling to open up the internet gambling industry. Online casinos in Switzerland have been given the stamp of approval and gambling fans around the country are celebrating.
This is a long time coming. Today, our team is going to look at why the government here has finally granted these licenses. Later on, we’ll discuss exactly which forms of online gambling will be allowed here.
Switzerland’s Path to Legalized Online Gambling
The legalization and regulation of online gambling has been taking place throughout Europe. Switzerland is the latest country to finally embrace this industry. Historically, lawmakers here have been fiercely against this idea.
In 1998, the Swiss government passed the Federal Act on Games of Chance. This banned all forms of online gambling. Unlike many countries, Switzerland even made it completely illegal to play through all unregulated online gambling sites in Europe.
Back in mid-2018, individuals in Switzerland were given the opportunity to vote for the legalization of domestic online casinos. To the surprise of some, voters decided to pass this law. It comes with a number of caveats, though.
Land-based casinos in Switzerland would be the only operators eligible to hold online casino licenses. Foreign gaming websites remain completely banned here. Regardless of the specific regulations, many people are excited that online casinos in Switzerland are now legal.
When Will Online Casinos in Switzerland Launch?
This week, Switzerland’s government officially granted internet casino licenses to four different land-based casinos. These permits were actually approved all the way back in July of 2018.
The four casinos to now hold an online gaming license are the Grand Casino Baden, Grand Casino Davos, Grand Casino Lucerne, and Swiss Casino’s venue located in Pfäffikon. Before these casinos can launch online, the government will need to approve each one’s online gaming software provider.
All of these casinos already have their software partners chosen. Grand Casino Baden is launching under its Jackpots.ch brand. The casino in Pfäffikon is launching with Playtech, one of Europe’s top gambling software providers.
These casinos will be up and running by the end of the year. It’s great news to see online casinos in Switzerland finally legal. Players throughout the country can now play games such as blackjack and baccarat over the internet legally. How will this affect the Swiss gambling industry?
More Online Casino Licenses Expected in the Future
There are more than 20 land-based casinos in Switzerland. All of these casinos want in on the internet gambling market. Unfortunately, it will be some time before any more internet casino licenses are awarded in this nation.
A number of these casinos have already applied for an online gambling license. Some are simply holding out to see how the market evolves. It’s very likely that the Swiss government will set a number of major restrictions on this industry shortly after the first online casinos go live.
Sweden, as an example, set many new restrictions on its online gambling industry shortly after opening its doors to foreign gaming websites. Switzerland will work hard to ensure their society does not fall victim to high rates of gambling addiction that we see in places like the UK and Ireland.
More online casinos in Switzerland are on the way. This country stands to gain serious revenue earnings over the next few years. Perhaps in time, the government here will even open its doors to foreign gambling websites.
Are you happy to see online casinos in Switzerland legal? Let us know in the comment section below!
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