Connect with us
SIS

Compliance Updates

Switzerland gearing up for new gambling legislation increases player protection

Niji Narayan

Published

on

Reading Time: 2 minutes

Swiss casinos are waiting for the outcome of the referendum on the new gambling law that is scheduled on June 10. If the new legislation receives the support of majority of voters, the casinos will be able to offer online versions of roulette, blackjack and poker.

The new law on gambling will bring the gambling activities subject to authorisation and regulation, It will also ensure that players are protected.

In March 2012, 87 per cent of voters and all cantons accepted a new wording for Article 106 of the Swiss constitution which says that:

– Gambling is an activity to be authorised by the federal government or the cantons, so that principles of economic liberalism do not apply to gambling and the number of casinos or lotteries allowed is to be set by law.

– Casinos pay tax to the cantons and thus their profits flow into the old age pension fund, which means funding of about CHF300 million ($303 million) for the fund, and for the cantons about CHF 50 million ($50.4 million).

– Proceeds of lotteries go exclusively to community welfare uses. The two main lotteries active in Switzerland redistribute over CHF 600 million every year to sports, social and cultural activities and the arts; this involves both top-level sport and also the amateur level, and includes funding for small sporting events, folk festivals, small theatres or associations with a social welfare purpose.

– Given the dangers involved in gambling, the Swiss government and the cantons take steps to ensure protection for players depending on the type of gaming involved as well as the location and manner of provision of the service.

Ethical approach

To sum up, gambling is not an activity ruled purely by economic liberalism, but is an activity authorised by government. Proceeds of gambling should not be redistributed to shareholders but should go into old age pensions and other public welfare funds. Furthermore, even though it may seem paradoxical, players need to be protected.

The new legislation on gambling corresponds to the requirements listed above, and for this reason I am supporting it.

Allowing only casinos which already have a concession to offer gambling online means that the availability of this kind of gambling will respect players and take an ethical approach.

Furthermore, requiring lotteries with ticket machines in public places to equip these machines with a device preventing minors from playing, as is the case for cigarette vending machines, and banning minors from casinos, will help deal with addiction to gambling.

Informing consumers of gambling online that they are on a gambling site forbidden in Switzerland and that they can bet on the same games on Swiss casino sites, will not only help enforce the constitutional requirement that the proceeds of gambling go to the old age pension fund or other public uses, but also help to combat current forms of money laundering, and even online fraud.

 

Source: swissinfo.ch

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

Continue Reading
Advertisement
Comments

Compliance Updates

Spain Moves Forward on Gambling Ads Ban

Niji Narayan

Published

on

Photo source: casinobeats.com
Reading Time: 1 minute

The PSOE minority government in Spain is going to accept all the recommendations of Ombudsman Francisco Fernández Marugán to ban gambling advertising.

The Ministry of Finance has accepted the Ombudsman’s recommendations. That way, departments would have to enforce new restrictions on the gaming industry. The authorities will soon draft a Royal Decree to establish restrictions on gambling advertising in Spain.

The Ombudsman filed his recommendation with the ministries of Treasury and the Health, Consumer and Welfare. Within the filing, he asked for a complete ban on gambling advertising in Spain.

“kids’ viewing time needs to be clean of gambling ads and no celebrities should be shown advertising gambling,” he said.

Continue Reading

Compliance Updates

Nintendo, Sony and Microsoft to Disclose Loot Boxes Odds

Niji Narayan

Published

on

Reading Time: 1 minute

The Entertainment Software Association (ESA) has revealed that the console makers are working on policies that will require disclosure on loot boxes odds. Nintendo, Sony and Microsoft are working on policies that would require a loot boxes disclosure on their systems.

“These required disclosures will also apply to game updates if the update adds new loot box features. The precise timing of this disclosure requirement is still being worked out, but the console makers are targeting 2020 for the implementation of the policy,” Michael Warnecke, ESA chief counsel of tech policy said.

The list of member companies that committed to implementing the changes include: Activision Blizzard, Bandai Namco Entertainment, Bethesda, Bungie, Electronic Arts, Microsoft, Nintendo, Sony Interactive Entertainment, Take-Two Interactive, Ubisoft, Warner Bros. Interactive Entertainment and Wizards of the Coast.

“I’m happy to announce this morning that Microsoft, Nintendo, and Sony indicated to ESA a commitment to new platform policies with respect to the use of paid loot boxes in games developed for their platform. Specifically, this would apply to new games and game updates that add loot box features. And it would require the disclosure of the relative rarity or probabilities of obtaining randomised virtual items in games that are available on their platforms,” Warnecke said.

“The major console makers are committing to new platform policies that will require paid loot boxes in games developed for their platforms to disclose information on the relative rarity or probability of obtaining randomised virtual items,” Warnecke added.

Continue Reading

Compliance Updates

Green Jade Games Secures Malta Licence

Niji Narayan

Published

on

Green Jade Games Secures Malta Licence
Reading Time: 1 minute

 

Green Jade Games has secured a supplier licence from the Malta Gaming Authority (MGA). The licence will allow Green Jade Games to offer its online casino games to the operators in regulated markets across Europe and further afield. The MGA licence comes just a few weeks after Green Jade Games secured a supplier licence from UK Gambling Commission.

Green Jade’s games combine gambling and skills to create games that allow players to determine the course of the narrative and the outcome of the game. The deeply entertaining games of Green Jade allow players to improve their skills at deploying game features while also having the opportunity to win potentially large cash prizes from relatively small stakes.

“Obtaining our licence from the Malta Gaming Authority is the next step in our plans to provide our games to all of the major online casino operators in regulated and regulating markets around the world. Our games are truly unique and genuinely innovative and now that we hold an MGA permit we can offer them to more operators, and players, than ever before. It also proves that we are meeting the highest possible standards when it comes to responsible gambling and protecting players,” Benedict McDonagh, CEO of Green Jade Games said.

Continue Reading
Advertisement
NSoft

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Latest by author

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.