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Switzerland Blacklists 65 Websites from Foreign Operators

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When the new Gambling laws were published in Switzerland effective from January 1, 2019, it was evident that the foreign operators have to leave the market. Now, the International Lottery and Betting Commission and Swiss Federal Gaming Board have published the backlists for 65 operators. These operators have to shut down from the Swiss Market with immediate effect because of non-obeying the regulations.

As per the new regulations, Swiss Casinos can open their online gambling products and offer them to the public. However, from July 1, 2019, it has made mandatory for the foreign operators to have a partnership deal with the local operators. The regulators can now block any foreign operator that hasn’t made any partnership deal. Both the bodies have listed out 65 websites and Internet Service Providers are expected to block these websites or domains. There are many top names in that list and that includes Bet365 and Pinnacle.

This was an expected outcome of the law that was overwhelmingly voted to regulation in Switzerland. The intention was to keep the money within the Swiss borders and the actions have already started. Many companies had foreseen the same long back. Websites like Bwin and PartyPoker operated by GVC Holdings exited the Swiss market back in January. William Hill was operating till June and then said goodbye to the Swiss Market as well. It is believed that they understood that it is hard to strike a deal with a local partner and thus moved away from the market. William Hill noted that they had very less Swiss Players and it was an easy decision.

But is there a way to get reintroduced to the Swiss market? Well, there certainly is but the road would not be easy. Operators need to show that they can follow and obey local laws for five years and in that case, they would be allowed for partnership and re-entry to the market.

Source: https://calvinayre.com/2019/09/04/business/switzerland-publishes-blacklist-of-65-operators/

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About the author

Debopom Sanyal

Debopom Sanyal

Debopom is a web journalist and news enthusiast. He has been writing about world politics, science, health, finance, and technology. An avid sports enthusiast, Debopom has done his Masters in Finance and Bachelors in Engineering.

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