Swiss Legalization: 2
The Swiss government is acting quickly and adapting to the new and unfortunate
economic climate by reinstating the legalization of online casinos. The newly
found legalization comes after many attempts to ban online casino play that have
not lead to anything but a sort of witch hunt and a whole lot of prosecution.
The conclusion that the Swiss government recently came to is definitely an
interesting one and we will see how their decisions affect the rest of the world
views online casinos and the internet gambling industry. Previously the Swiss
government had similar views as the United States government in regards to
online casino play and how it should be governed. So it will be interesting if
other countries that tried to completely ban online casino play will eventually
come around and decide to regulate as an alternative to banning online gaming
completely.
The Swiss online casino regulator, The Federal Casino Commission has released
the figures of just how valuable their online casinos arte. The online casino
market in Switzerland is estimated to be worth 42 and 67 million Euro. There a
lot of tricky issues that surround the legalization and regulation of online
casinos. The job of the Swiss government will be to ensure that only people that
are physically located in Switzerland are playing at their approved and licensed
online casinos. The country is definitely taking the appropriate steps forward
to fully having functional and profitable online casinos. The Ministry is
currently sending the appropriate paperwork through parliament for final
approval.