Online Casinos in Switzerland
Gambling was strictly forbidden in Switzerland for decades. In 2000, however, the operation of large-scale casinos became fully legalized under the Federal Act on Games of Chance and Casinos and now there are around 20 facilities across the 26 cantons. And since January 2019 that online casino sites in Switzerland are also legal.
|Are online casinos legal in Switzerland?||Yes.|
|Are casino sites in Switzerland trustworthy?||Yes.|
|Can I deposit via PaySafeCard/Neteller/Skrill?||Yes.|
|Do online casino sites accept CHF?||Yes.|
Online Casino Laws in Switzerland
According to the Money Gaming Act (MGA), land-based casinos are eligible to apply for a license to offer online casino games, which are regulated by the Swiss Federal Gaming Board (SFGB).
However, the new act poses limitations to foreign investment, as it only allows operators with a land-based casino to operate online casino sites. As reported by online casino news sites, local casinos will be given six years to develop relationships with local gamblers, before international operators can enter the market.
According to Article 115, the basic tax rate applied is 20% until a gross revenue of CHF 3,000,000 and it can go up to 80% depending on that sum of money. Moreover, casinos are also subject to the Federal Act on Combating Money Laundering and Terrorist Financing (AMLA).
As the country is not part of the European Union, it was easier to pass a law that provides local casinos with the full exclusivity to run the online market. But it is still possible for Swiss players to access international platforms that offer better online casino promotions as well as online casino bonuses.
Online Casino Payment Methods in Switzerland
There are several ways through which Swiss citizens can deposit and withdraw winnings when gambling. Naturally, these are all transparent and reliable. This way, the credit and debit cards of VISA and MasterCard are commonly accepted. But there are other alternatives that are as efficient. These include Skrill, Neteller, PaySafeCard. For more information consult the online casino reviews directory.
Online Casino Sites Accepting CHF
International operators have been accepting Swiss gamblers for a few years now. And as the country is, in fact, an important market, there are several online casino sites accepting CHF. This means that players are exempt from conversion fees.