Posts Tagged ‘online gambling’
It seems that slowly, all of Europe is beginning to open its eyes to the benefits of legalized online gambling. This time it’s Switzerland who has shown a change of heart, with the Swiss ministry for justice recently announcing its intentions to establish a legal online gambling industry.
Switzerland’s justice ministry explained to reporters that the country’s current legal landscape for internet gambling wasn’t successful. The reform of Swiss gambling laws to take place in the coming weeks is, naturally, an opportunity to start issuing online casino and poker room licenses, they said. They might even consider blocking foreign operators from operating in the Swiss online market if they cannot obtain a valid license.
The Swiss justice ministry’s statement was released specifically during the time of the release of a review published by the Swiss Federal Casino Commissions (CFMJ). The review covered the failed gambling laws in Switzerland, and approximated that the introduction of a licensing system instead could bring in anywhere between 42 and 76 million Euros each year.
The official regulator stated that online games of chance should be confined within Swiss borders, such that all those in hope of operating within the country under the new system will have to first obtain a license, and will only be able to provide services to Swiss residents. The final stage of legalizing online gambling will be scripting of the legal reforms and putting it to parliament for the seal of approval.
Once Switzerland opens its doors to online gambling, one of the first online casinos to get their foot in the door will be EuroGrand Casino. EuroGrand Casino is one of the leading international casinos on the internet, and is keen to provide the best in online gambling services to the Swiss nation.
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