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Featured Software Supplier. SoftSwiss Details. Address SoftSwiss N. No matter that gambling activities are relatively new in Switzerland , a great number of citizens recognize it as a favorite pastime.
Considering the fact that casinos, poker and sports betting are completely legal, the industry is expected to become even more popular.
As mentioned above, the country has prohibited gambling in , and the ban was active until Even the new legislation, which was then implemented, did not manage to overturn the official restriction fully, because it only permitted limited-stakes casino gambling.
Several years later, in April of , unlimited stakes gambling was permitted by the Federal Law on Games of Chance and Casinos. This happened for the first time in about 80 years.
In addition, according to Swiss gambling laws, games were divided into two categories called games of skill and games of chance. Only games of chance were allowed to be played in Switzerland-based casinos.
Up to date, there are 19 casinos located over the territory of Switzerland. There are also 11 horse racing tracks. The national lottery stayed illegal under the terms of the laws of , but the cantons provinces in Switzerland were allowed to organize individual state lotteries.
According to Swiss laws, there is a federal and a cantonal supervisory regulators that take care of the proper implementation of the local gambling legislation.
Cash gambling games of luck are put under the supervision of the Swiss Federal Gaming Board SFGB , which operates as an independent public authority board, which is also part of the country's federal Department of Justice and Police.
The Gaming Board holds regulatory functions when it comes to overseeing casinos and supervising their compliance with the Federal Act of Games of Chance and Casinos of Book of Stars 0.
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Long known as one of the wealthiest countries in the world the Swiss economy runs like one of its timepieces. The country is recession proof without being belligerent or biased to any other country.
Switzerland looks after itself very well indeed. The Swiss authorities also consider that the mere fact that accessibility to offshore gambling sites does not mean they are taking place in Swiss territory.
This all means that any operator can accept Swiss players without fear of prosecution. It is also illegal to process financial transactions with online casinos but there is no system in place to regulate or prosecute.
Banks simply go ahead and deal with the transactions. When looking into the best Swiss online casinos the choice of banking options has to be a high priority.
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