Switzerland could implement sports betting to casinos

8 casinos, two of them in Montreux and Zurich, were the only ones which increased their revenues.
8 casinos, two of them in Montreux and Zurich, were the only ones which increased their revenues.

The Swiss Federation of Casinos –SFC– published the 2015’s financial data and it shows a 4.1 percent decline in the 21 countrywide casinos incomes.

Switzerland.- The European country has been facing a drop in  casinos’ gross revenue since 2007 and its studying further attractions to recover clients and, therefore, money. Sports betting services and lottery games are the strongest options to add to land-based complex and online platforms.

The SFC is asking the authorities to anticipate the bill discussion for online gambling platforms. The regulation presented in 2015, that could let casinos operate the same licensed table games and slots from land-based to online websites, would be implemented only in 2019. Nevertheless, Swiss customers are betting on foreign online casinos as theirs are not restricted in the country. The casino organisation also suggest to governors the appliance of the IP-blocking of international sites.

The Swiss Federation of Casinos believes that sports betting and lotteries operated by experienced casino business companies will prevent any social harm and pathological gambling. The gaming entity also criticises the permission to operate low-buy-in poker tournaments in other salons that don’t work with any of the 21 Swiss casinos. As they explain, regional gaming companies are losing US$306,534 million because of illegal gambling clubs and online platforms.