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Swiss Considering Legal Online Gambling
Thursday October 22,2015 : SWISS GOVERNMENT CONSIDERS LEGAL ONLINE GAMBLING
New ideas as government reviews outdated gambling legislation.
Swiss gambling laws - some dating back to 1923 - are to be reviewed in an exercise which could see the government moving from an illegal-but-tolerant position on internet gambling to a licence-and-regulate stance.
The review by the Federal Council follows a public consultation on the issue in 2012.
The publication Ubersetzer reports that new regulations will include roulette, blackjack and other gambling via the Internet, along with small poker tournaments outside of casinos. These proposals of the Federal Council notes after the consultation.
Announcing the review Wednesday, the Council said regulation will better protect consumers and enable existing licensed casinos to apply to offer real-money Internet gambling services to appropriately aged gambliers.
Consumer protection will be beefed up, with the cantons obliged to take measures against problem gambling provide treatment for people with gambling issues.
The changes the Council has in mind will please lottery winners, who will no longer be required to pay tax on winnings.
As with most new regulatory regimes, the Swiss changes will come with more modern laws that have punitive measures against unlicensed operators, including possibly ISP blocking to lock out illegal operators outside the country.
Strict anti-money laundering regulations are envisaged
The idea of a consultative commission to combat addictive gambling, proposed by opposition parties, was not taken up.
A timeframe has yet to be set for the development and implementation of the new laws, which observers said could take some time.
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Macau ATM Transaction Limit Lowered -
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Vegas Mobile Casino Gets Live Dealer Games -
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Cosmic Crystals SLot Launches -
1X2 Gaming's latest online slot titled Cosmic Crystals is a 5 reel, 50 pay-line game with a futuristic outer space feel, gems galore, and features that include a sticky Wild reel, re-triggering Free Spins, Scatters and a claimed 95 percent RTP.
Australian Open To Dunp Gambling Ads -
Court-side advertisements, which have been criticized as promoting gambling and thereby contributing indirectly to the specter of match-fixing, are to be discontinued in 2017 from the Australian Open tennis championships, Tennis Australia has confirmed.
BaFin CrackDown on Spread Betting -
The UK Financial Conduct Authority's crackdown on financial and stocks spread betting via contracts for difference has been followed by similar moves in Germany, where the financial regulator BaFin announced similar new restrictions Thursday.
How is the CDC Group Spending its Money -
Questions are being asked about how the UK government's private equity arm, the CDC Group plc (formerly the Commonwealth Development Corporation) spends the billions it is allocated to alleviate international poverty, The Guardian newspaper reported Friday.
Voodoo Slot Released -
The Prague-based online gambling games developer Endorphina is going against the trend of Christmassy-themed offerings at this time of the year, instead going for the popular horror genre in its new slot Voodoo, released to operators today (Friday).
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