New Gambling Act in Switzerland pushes out international operators

28 Jun 2019

International betting sites leave Swiss marketLast summer, 73% of Swiss citizens voted in favor of the regulation of the online gambling market within the country. The Gambling Act that was created, came into effect from January 1 this year. According to the new regulations, only four operators are granted official licenses. The bidding process that was held earlier this year saw four land-based casinos in Switzerland obtaining them, namely Casino Davos, Grand Casino Baden, Grand Casino Luzern and Casino Zürichsee.

The new Gambling Act leaves no room for international operators that target Swiss players. By July 1 these operators must desert the Swiss Market. Well-known brands like LeoVegas, William Hill, Betway Fair, 10bet and Redbet seem to have received the message and they have already confirmed their departure. Swiss authorities won’t tolerate operators that will disrespect the new status.

Any online casino that tries to ‘free-ride’ in Switzerland will pay the price, initially by being added to a blacklist with banned domains. There is the possibility the Swiss market to decide to open again in the future for international online casinos, so the ones that will behave accordingly now, can hope for a better chance of receiving an official license in the future.

The new regulations are part of the Swiss government’s strategy to address the public health problem of gambling addiction. It is estimated that only last year, Swiss players spent CHF 250 million on gambling at unlicensed international operators. As a result, Swiss authorities will impose limitations to the sums that the players wager on casino games like poker, lotteries or raffles. Swiss players that hold accounts at the unlicensed sites won’t have to worry as the operators will grant them time to withdraw their money.

For a complete list of bookies that still accept players from the region, check out our Swiss betting sites section updated with all the latest info.

10,000+ have already benefited from Bookmakers.bet

Register to our newsletter and be the first to get our exclusive bonuses and promotions. Fill in your name & email and stay tuned on the latest offers and the new bookmakers in your country.

I agree with the terms of use.

BOOK SPY

The UK Gambling Commission has announced that it will ban the use of credit cards on all gambling activities taking place in Great Britain from 14 Apr...

Read more »

Betsson is paying out early on Liverpool FC to be crowned the 2019-20 Premier League champion, since the Reds sit 14 points clear atop the table with ...

Read more »

The new draft law on online gambling, that was initially submitted to the Hellenic Parliament on October 9, 2019, has been eventually submitted to the...

Read more »

The Swedish bookmaker Betsson has taken a 75% stake of Suaposta, which is one of the first betting brands to ever operate in Brazil. The Stockholm-bas...

Read more »

The gross gambling yield (GGY) of the British gambling industry decreased 0.3% year-on-year for the period between April 2018 and March 2019, amountin...

Read more »

The gaming group Soft2Bet, which is based in Malta, is getting ready to start its operations within the well-regulated Swedish gambling market; since ...

Read more »

Online sports betting operators in France enjoyed significant quarterly revenue growth for Q3 2019 compared to the revenue generated during the same p...

Read more »

Bet-at-home AG has announced that it bolstered its commercial status and its revenue, in spite of the €11.5 million Austrian tax burden that was impos...

Read more »

LeoVegas has restored its five-year Swedish gambling license, since it managed to win its appeal against the country’s gaming regulator Spelinspektion...

Read more »

The popular online bookmaker Interwetten has announced the signing of a sponsorship deal with the Greek Super League, which is the top tier football l...

Read more »