The details on the consultation regarding the proposed new gambling law to be launched in the second half of the year were announced by the Swiss Federal Administration.

The amendments refer, among other things, to abolishing the existing ban on internet casinos and regulating the industry so that the Swiss Federal Council can utilize tax revenues originating from licenced online operations to fund cultural, sporting and social initiatives.

According to the Administration, the Federal Department of Justice and Police works hand in hand with the 26 federal states, industry connoisseurs and gambling addiction professionals to draft a law ensuring that internet gambling would be "legalised and subject to the same regulatory conditions as the traditional offer".

Furthermore, the local Administration announced leveling taxation on lottery and wagering gains in order to exempt betting gains from taxation, as the measure is currently applicable only to casino gains.
  • Dream rj small transparant

    LuckyRJ

      Super Hero
    • male
    • offline

    Smoke free since 17th February 2013 until present

    Positive Thinking Helps

    • 1318
      thanks given
    • 887
      thanks received
    "wagering gains in order to exempt betting gains from taxation, as the measure is currently applicable only to casino gains." So i wonder if that means wagering will now be impossible to do on Swiss online casinos lol, cos if there is tax on wagering, then that will mean players will not be able to wager as much, so if this is the case, that would scare me even more to even play at casinos based in those country's :P LuckyRJ

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