Switzerland to launch new gambling laws
Swiss Gaming Act set to come into force from January 2019
Switzerland’s federal council has confirmed January 1st, 2019, as the start date for the country’s new gambling regime, with sanctions against illegal operators set to come into force on July 1st.
Swiss voters approved the new measures during a national referendum in June, with some 73% of the electorate backing the legislation.
The Federal Council will consider licences applications during the first half of next year in line with the new laws, with plans to issue licences to operators before July 1st when blocking measures come into effect.
Licensed operators will be able to offer new services such as poker and roulette, but at the same time adhere to strict measures on setting maximum sums for poker tournaments, small lotteries and raffles.
For poker, the maximum single entry fee will be CHF200 (€176/£154/$198) for small tournaments and the limit of total entry fees to set at CHF20,000. In terms of lotteries and raffles, limits will depend on the size of the lottery.
The laws will apply to casinos and lottery companies, as part of Switzerland’s bid to clamp down on gambling addiction. The Federal Council said these concrete measures are to protect players from the dangers of gambling.
According to the government, gamblers in the country spend roughly CHF250m per year on unregulated foreign betting sites.
Check out our latest events in the videos below:
Related vacancies:Sales, Business Dev & AMdiscover Engineering Developmentdiscover Fraud & Paymentsdiscover IT Technologydiscover Marketing & PR, Communicationdiscover Sales Manager | IkajodiscoverPython Developer | Britediscover(Senior) Sales Manager (m/f/d) | IDnowdiscoverAccount Manager - Gaming | Trustly Group ABdiscoverSales & Business Development Manager | NetShop Internet Servicesdiscover