💰 New rules come into effect in Switzerland –

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PokerStars will temporarily bow out of the Swiss online poker market while it waits for a land-based casino partner in the country to acquire the.


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In order for PokerStars to operate legally in Switzerland going forward, it will need to reach a partnership agreement with a land-based casino in a country, which are the only operators who can actually offer online gambling products under the new regulations. Thus far, no partnership has been announced, though PokerStars has suggested that such an agreement is in the works. Meanwhile, Playtech announced a deal with the Swiss Casinos Group in late that would ensure that they could service the market without interruptions. Other companies have had to leave the market on short notice. June 5, Online Poker. That resulted in anger from some bettors who had futures wagers which had increased in value since being placed, though William Hill later said they would settle all outstanding bets by either issuing a refund or providing a fair cash out value, whichever was more favorable for the customer. CardsChat News serves the global CardsChat community, providing news, opinion, and insight that matters to poker players around the world. For major reputable brands like PokerStars, that means a transition period from treating Switzerland as a grey market to becoming fully licensed in the country. This site uses Akismet to reduce spam. Discuss all the latest poker news in the CardsChat forum. PokerStars is far from the only company that has had to deal with this issue in the face of the new Swiss regulations. Did you know about our poker forum?{/INSERTKEYS}{/PARAGRAPH} By Daniel Smyth. Leave a Comment Cancel reply Your message. June 4, Legal Matters. July 2, Legal Matters. Name required. The new rules were approved by a public referendum that overwhelmingly passed last year. Learn how your comment data is processed. One of the most notable is William Hill , which announced to customers in Switzerland last week that it would be forced to settle all outstanding bets before the July 1 enforcement deadline. In conjunction with that, there are new tools for authorities to use when cracking down on foreign operators trying to operate without a license in the country. Email required. By CardsChat News. By Jon Sofen. {PARAGRAPH}{INSERTKEYS}Under the new laws, Switzerland now has a regulated framework for online gambling sites to operate within.