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Swiss Land Casino owners Blaming Online Casinos For Lower Revenue
Monday, March 21, 2016 : SWISS LAND CASINO OWNERS BLAME ONLINE GAMBLING FOR POOR PERFORMANCE
For the eighth consecutive year revenues declined in 2015.
Swiss land casino operators claimed this week that 2015 revenues were down 4 percent at Swiss francs 681 million - the eighth year in a row that performance has slipped.
According to local media reports the negative trend has persisted since 2007, with operators blaming the availability of online gambling, illegal gambling clubs and new gambling halls in adjacent countries for annual declines of up to Swiss francs 300 million.
Land operators in Switzerland report that revenues have decreased by 33 percent since 2007, leading to 40 percent fewer payments to the Swiss government's Old-Age and Survivors' Insurance.
Legislators are currently working on a new gambling law which is expected to come into effect later this year. The legislative framework was approved by the Federal Assembly late last year and is now in parliament for further consideration. The land gambling industry is reportedly pleased with the draft proposals, but anticipates further refinement of the provisions.
The Swiss land casino sector has asked for an enforceable ban on illegal online casino activity, claiming that a lack of consumer protections place Swiss internet punters at risk, and that online operators contribute nothing to OASI or the Swiss provincial governments.
Land operators also want to be empowered to offer sports betting and skill game competitions as well as lottery products.
The new law has provision for third parties (outside the land casinos) to host poker tournaments, an element which casino owners want to see regulated to the same strict standards as their operations...and they do not want to see nightly "poker bar" action in the market.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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