Swiss to consider online gambling regulation

The Justice Ministry in Switzerland has been tasked with drafting a proposal with the objective of licensing and regulating a small number of Internet gambling operations, reports Swissinfo this week. The proposal will be eventually be laid before Parliament, and will presumably also form part of a public consultation process.

The liberalisation is part of a drive to more closely regulate betting in order to combat illegal gambling in the country, and tough restrictions on non licensed operations will be part of the overall plan.

Initial indications are emerging that gambling over the telephone or via interactive television will not be included in the legalisation process.

Experts say the new forms of licensed gambling could generate tax revenue of up to an estimated SFr26 million ($22 million) annually.

Gambling generally in Switzerland, home to some of the most sophisticated financial services in the world, underwent major changes almost exactly eight years ago when legislators approved laws allowing land casino gambling to include unlimited stakes for the first time. Strictly controlled by a federal agency, casinos are required to pay strict attention to financial, underage and problem gambling issues. Operations are also required to employ fully trained staff, who are evaluated by an independent advisory board.

Online gambling regulations are expected to be equally strict and closely monitored.

All News Categories

Most Viewed Articles

See all

Related News

Join today and start earning rewards

You will immediately get full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
S logo

Report to moderator

Use this function to inform the moderators and administrator of an abusive or wrongly posted message.

Please note that your email address will be revealed to the moderators if you use this

Select Language
Search
Search Results
39012170