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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.
Gambling News :
Summer Is Here: It’s the 2017 Super Millions Poker Open -
The 2017 Super Millions Poker Open (formerly the Summer Millions) starts July 15 with a hefty $2.5 million guaranteed in the prize pool. Qualifiers begin this Thursday; you can satellite your way into the 2017 SMPO for as little as 55 cents.
Americas Card Room Biggest OSS CUB3D ever -
Included in the series is the next $1,000,000 GTD Million Dollar Sunday, the Main Event of the OSS. The MOSS and BOSS also have a Main Event and all three winners will walk away with a sterling silver commemorative bracelet in addition to the prize money.
Also returning is an OSS Cub3d combined leaderboard. The top-3 ranked players at the end will receive a $4,900 Punta Cana Poker Classic prize package and a sterling silver bracelet.
Jurassic World Online Slot live -
During the base game, the fierce and genetically modified Indominus Rex can randomly appear on the screen, awarding wins of up to 1,000x the total bet.
Is there a place for AI in poker? -
If you are into the technology, you have certainly heard about Artificial Intelligence (AI) at least a few times. The word has become even more popular over the course of the last few years, especially with an introduction of another buzz word
MLB Odds: Mets vs. Dodgers -
Injuries have kept the New York Mets (31-37, –14.14 betting units) from being all they can be this year, but they expect to have Steven Matz on the mound for Wednesday’s game against fellow southpaw Rich Hill and the Los Angeles Dodgers (44-26, +7.56 units). First pitch from Chavez Ravine is 10 PM ET on ESPN.
NBA Odds: Warriors Down Cavs in Game 5, Reclaim Title -
It took a game longer than they would have liked, but the Golden State Warriors are once again the NBA champions. They beat the Cleveland Cavaliers 129-120 Monday night to eliminate the Cavs (+9 away) in five games and reclaim the Larry O’Brien Championship Trophy.
Vikings’ Victory Slot Launches -
The game’s impressive graphics take you to the sea side, where a longship sits beyond the reels. Mountains and trees make up the background, and smoke can be seen billowing from beyond the screen. The five reels are on a sail, with 25 paylines marked by red flags.
50 WSOP Seat Satellite -
Sunday, July 2nd at 3pm ET, two just days before the Fourth of July holiday, Americas Cardroom is running a 50-seat qualifier to the 2017 WSOP Main Event in Las Vegas.
NHL Odds: Series Tied Heading Back to Pittsburgh -
As quickly as Pekka Rinne lost his game in Pittsburgh, he found it again in Nashville. After Game 2, there were murmurings that Rinne wouldn’t start the next game. Predators Head Coach Peter Laviolette decided to stick with his goaltender, however, and Rinne led his team to two consecutive victories at home while stopping 50 of 52 shots.
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