Switzerland Opens Igaming Consultation Ahead Of National Referendum

Author:DD Consultus
Profession:DD Consultus Limited
 
FREE EXCERPT

Switzerland's Federal Council has opened a consultation on the country's new online gaming legislation, which will be decided by a national referendum on June 10th.

The government said that the consultation will clarify various aspects of the new law and provide a transparent answer to questions that are still pending.

This includes proposed measures to protect players from excessive gambling and the blocking of unauthorised online sites by internet service providers.

It will also look to prevent the manipulation of sports competitions through a new national platform which will centralize all information relating to suspicious betting patterns.

The new gambling law will allow Swiss casinos to launch games such as roulette and poker on the internet. It also allows small commercial poker tournaments to take place outside of land-based casinos, as long as starting bets do not exceed CHF200 and prize pools are limited to CHF20,000 (approx. €17,200).

Online casino will be taxed at the same rate as land-based venues at 40 per cent of gross revenue up to CHF10m, rising by 0.5 per cent for every additional CHF1m (up to 80 per cent).

The Federal Council believes that taxes from online casino could generate around CHF75m a year (64.5m), while the new law will...

To continue reading

REQUEST YOUR TRIAL