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Swiss Court Rules Poker is a game of CHANCE not SKILL
6/2/10 - The bad news from Geneva, Switzerland this week is that the country’s highest court has ruled that poker is a game where chance, rather than skill, predominates.
The ruling affects poker tournaments, will can now only be legally held in licensed Swiss casinos, reports Associated Press. The popularity of tourneys has been growing in the northern European nation, with a large following on television.
In regard to Texas Hold ‘Em, the court found that simple math, tactics and psychology played smaller roles than luck in determining the winner.
The Supreme Court ruling, which cannot be appealed, came after Swiss land casino operators appealed a lower court decision that Texas Hold 'Em was a game of skill and could therefore be played anywhere. It confirmed that smaller poker matches among friends could continue, even if money is involved.
Whether poker is a game of skill or chance has been the subject of court actions across the world. A Pennsylvania appeals court ruled 2-1 in March that it was illegal because it met the definition of illegal gambling because the outcome is more dependent upon chance than skill.
In Switzerland, games of luck such as roulette and slot machines are restricted to licensed casinos, which pay a hefty 50 percent tax on profits, AP reports. Private organisers of poker games weren't paying those taxes, argued Marc Friedrich, head of the Swiss Federation of Casinos.
"A parallel sector started to develop that did not have the same regulations and rules as casinos," he told The Associated Press, estimating about 100 unlicensed poker championships were taking place each weekend.
Casinos must identify participants, prevent money laundering and fight gambling addiction, but private Texas hold 'em events were avoiding these requirements, according to Friedrich.
He said the differences amounted to unfair competition, and said a number of players already banned from land casinos for racking up excessive debts were continuing to play freely in outside events.
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2017 Aussie Millions Event 1 -
The Melbourne-based player bested a field of 1,565 entries - 245 up on last year's equivalent - to end up in the heads up with New Zealnad's Qiang Fu, but not before both he and Qiang had narrowly escaped at the four-handed stage when they were the low stacks.
Swiss Reject idea to Block Gambling Websites -
The Legal Affairs Committee of the Swiss National Council has nixed new regulations which would have blocked access to online gambling sites in Switzerland, according to local media reports Tuesday.
Growth Ahead For Online Gambling -
Transparency Market Research has issued a teaser on its latest international online gambling and betting survey, forecasting that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.8 percent by 2024.
New Qubit software For SkyBetting -
#qubit Sky Betting & Gaming aims to top its record 50 percent revenue growth last year with new player differentiation software and expertise provided by the Qubit company.
Slotfather II Slot Launching -
#betsoft The first is a sequel to the popular gangster-themed online slot Slotfather, unsurprisingly titled Slotfather II, whilst the other is a new 243 ways-to-win game titled Fa Fa Twins..
Massachusetts Online Lottery Bill -
Flanagan's confidence was clearly boosted by the bill's success in the Senate last year, although it was not developed by the House and ran out of time.
Italy Doing Well With Online Sports betting -
The latest numbers from the Italian regulator show that online sports betting remains king when it comes to internet gambling in the market, generating Euro 391.8 million in turnover in December 2016.
Michigan To Reintroduce Online Gambling Bill -
#Michigan state Sen. Mike Kowell's staff have confirmed that the senator plans to reintroduce his online gambling legalization bill, which failed to make it through the last legislative season.
MGM Buys DC office building For lobbying team -
#MGM Resorts International has bought a new Washington, D.C., office building for its in-house lobbying team, led by former chief counsel to the now retired Nevada Sen. Harry Reid, Ayesha Khanna.
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