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Why the Swiss voted to ban offshore gambling websites

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The Swiss people have voted in favour of banning foreign-based gambling sites, which could prompt other countries follow suit As well.

For starters, Switzerland had proposed to ban foreign-based gambling sites with a new Gambling Act. In line with the countries law, a citizens’ referendum was held on June 10, 2018, for its approval or rejection. In the referendum, 72.9 per cent of Swiss voters supported the new gambling law – in other words, an overwhelming majority of the people were with banning offshore gambling websites. As a result, from next year onwards, only Swiss-certified casinos and gambling companies will be able to operate in the country – both offline and online.

Passed on September 29, 2017, the Swiss Money Gaming Act substitutes the existing gambling law which deals with casino games and betting lotteries. Under the new Act, the overall ban on online gambling is abolished. However, the only licensed land-based casinos in Switzerland can run gambling websites for the people in the country. Essentially, the Act bans foreign-based gambling sites.

The government maintains that the Act will help deal with gambling addiction as well as allow taxation on gambling revenues. The taxes collected from gambling revenues will be used for anti-gambling purposes, the government insists. On the other hand, not everyone supports the Act. According to Mobile Casino Hub, the changes introduced by the Act will “censor the internet”.

The Opposition Opines

The Young Liberals, the Green Party, the Pirate Party and the Digitale Gesellschaft all backed a petition for changes in the June referendum. Organisations had 100 days from October 2017 to gather 50,000 signatures, which would allow changing the referendum. Despite that opponents managed to gather all necessary signatures, however, they did not do so in schedule, and so the referendum remained unchanged.

According to the Young Liberals, the Swiss economy will be affected by these changes. In a statement posted on the party’s website, representatives said that the block of foreign sites in favour of domestic companies is not reasonable. Additionally, the freedom of business and information will also be affected after the law is enforced.

Young Liberals criticised the government’s decision, saying they set a “dangerous precedent” which allows for a further limitation of the Internet. All the act does, opposing organisations say, is removing unwanted competition.

In the end, Young Liberals proposed an alternative, which they dubbed a “sensible solution” – foreign-based betting sites should be regulated and subject to taxation.

Enforcement of the Swiss Money Gaming Act

Enforced next year, the law will be one of the most severe laws in Europe. While it will enable online betting, the law will ban all foreign-based gambling sites. The Act introduces other changes in gambling – it changes the legislation of poker tournaments outside casinos and even tackles non-taxable wins from games outside casinos.

Under the Act, small-scale poker tournaments outside of casinos are no longer illegal. However, they will be limited in terms of buyin and amount of participants. Additionally, small-scale poker tournaments are subject to a license.

The most controversial element of the Act—the ban of foreign-based sites—was heavily disputed over the past several months, with opposing organisations saying it puts a limit on the freedom of the Internet and interferes with personal rights. Despite severe criticism, the government maintains that such measures are necessary to protect Swiss players from unregulated gambling on foreign sites.

Help Fight Gambling Addition

Swiss players spend nearly 250 million Swiss francs on unregulated betting sites abroad, paying nothing to the Swiss government. With the enforcement of the Act in 2019, this “hemorrhaging” will be stopped. The government has said that not only will taxes from gambling revenues be used for anti-gambling purposes, but they also will be used to fund anti-addiction programmes.

Will Other Countries Follow Suit?

An important question emerges after the Swiss decision to ban foreign-based gambling sites – will other countries follow suit?

Currently, the UK government is trying to deal with problem gambling. Despite that UK has a self-exclusion scheme; it has been failing for years due to the liberal gambling market, which allows all sorts of gambling operators to offer services on UK ground.

Nevertheless, Norway is currently pushing for a ban on all foreign-based gaming companies. Several Norway organisations pushed for legislation that will block foreign betting operators, grant extended authority to the Lottery Authority, etc.

Essentially, these measures will block all sites belonging to foreign-based operators, creating a poker ban (Norsk Tipping—Norway’s national lottery and future gambling monopoly—does not offer poker). The proposed measures were accepted on May 7, 2018, and are likely to be adopted soon.

Source: techfinancials.co.za

Source: Latest News on European Gaming Media Network

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Expanse Studios (GMGI) Secures ISO/IEC 27001:2022 Certification

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Expanse Studios, the iGaming division of Golden Matrix Group, Inc. (Nasdaq: GMGI), proudly announces its recent certification to the ISO/IEC 27001:2022 standard, which demonstrates globally leading data security standards.

This globally recognized certification reinforces the Group’s dedication to safeguarding confidential information, client trust, and strengthening its competitive position in the iGaming industry.

The ISO/IEC 27001:2022 standard establishes a rigorous framework for managing and protecting information security across all operations. By attaining this certification, Expanse Studios has implemented a comprehensive Information Security Management System (ISMS) that ensures the confidentiality, integrity, and availability of data. This certification goes beyond compliance and assures our clients and partners of our stringent security protocols, protecting against cyber threats and unauthorized access.

“Achieving the ISO/IEC 27001:2022 certification marks a significant milestone in Expanse Studios’ journey. This certification not only reinforces our security framework but also highlights our commitment to upholding the highest standards of trust and integrity for our clients and players worldwide.”, said Damjan Stamenkovic, CEO of Expanse Studios.

In an industry where information security is paramount, ISO/IEC 27001:2022 certification demonstrates Expanse Studios’ proactive stance on cyber risk management and adherence to international best practices. The certification process included comprehensive evaluations, audits, and stringent checks, all contributing to a secure environment that benefits our clients, players, and business partners.

ISO certification assures the clients that Expanse Studios operates with top-tier security mechanisms, solidifying the role of the GMGI entity as one of the most trusted and compliant partners in the iGaming sector.

 

The post Expanse Studios (GMGI) Secures ISO/IEC 27001:2022 Certification appeared first on European Gaming Industry News.

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Almedia Hires 17 New Staff Fuelling Exponential Growth

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– Powering the next generation of rewarded user acquisition  – 

 Almedia, the data-driven platform engineering the future of mobile gaming user acquisition – today proudly announces a major hiring wave which includes over 17 people from leading global tech and gaming brands. The new hires are essential to Almedia’s ambitious strategy for achieving exponential growth across Europe and Northern America over the next 12 months.

The new team members will join an already established team, based in Berlin, with a current headcount of 80, supporting a global client base of mobile game developers and publishers. The expanded team joins established departments including product development, marketing, account management, fraud, and talent acquisition. The 17 new hires will drive Almedia’s core mission: elevating user acquisition to new heights and engineering the future of intelligent engagement.

Moritz Holländer, Chief Executive Officer and Founder at Almedia, commented: “Since 2020, we’ve been at the forefront of rewarded user acquisition, and our services and results are being embraced by the global mobile gaming industry, by companies such as Playtika, SuperPlay, Plarium, and Monopoly Go. Team Almedia is witnessing real-time exponential demand for its rewarded UA services, hence we have a robust scaleup roadmap in place to help us manage demand.”

He added: “What we’ve proudly achieved in four years is quite remarkable. With zero funding, a highly profitable organisation, we are humbled to be assembling a true dream team for the global mobile gaming industry. We are thrilled to welcome the latest waves of new hires to the team, which will help us to further establish our brand as the most credible, data-driven rewarded user acquisition company in the world.”

 

The new hires include

  • Andrey Shilin, Lead Product Manager
  • Holly Pickerell, Workplace and Culture Manager
  • Sabina Halilovic, Fraud Analyst
  • Alexander Rasch, Senior Finance Manager
  • Alisson Paschoal Hausmann, Senior Mobile Developer
  • Anthony Clement, SEO Manager
  • April Chen, Senior Customer Success Manager;
  • Benedikt Roth, Lead User Acquisition Google Ads Manager
  • Caroline Sobkow, Talent Acquisition Partner
  • Federica Stiscia, Senior Gaming Partnership Manager
  • Marc Hammes, SEO Manager
  • Mapa Vega, Senior Talent Acquisition Partner
  • Pablo Herranz, Senior Talent Acquisition Partne
  • Ravisankar Chinnam, Senior Frontend Developer
  • Kutay Akalin, Data Scientist
  • Aleksei Smagin, Junior Affiliate Specialist UA
  • Neil Laverty, Senior Customer Success Manager

Almedia currently has a range of positions open across operations, talent, product, marketing and more. To learn more about careers at Almedia, visit the jobs section on the website.

 

The post Almedia Hires 17 New Staff Fuelling Exponential Growth appeared first on European Gaming Industry News.

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Huge Jackpot at King Billy Casino: C$3,658,306!

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King Billy Casino, launched in 2017, has had some impressive players wins during the “reign of King Billy”. A few of them include Live Game winnings of €135,223, daily winnings from 2 or more slots of $164,000, and €250,000 won on a single spin. However, the latest win by a King Billy Casino player dwarfs every big win that has come before this. Actually, it’s bigger than all previous big wins combined for the operator!

Because, we are talking about C$3,658,306.

This amazing six-digit number was the result of a player going on a safari in her (and millions of other players) beloved Mega Moolah progressive slot from Games Global. In an autumn, the player stepped into eternal summer by wagering a small C$6,25 bet and winning 562.816 times her bet! This is the power of Mega Moolah, as evidenced at King Billy.

King Billy people had only warm words for the occasion. A representative of the casino has stated: “We are elated, for this huge big win. We can never forget that our first big win, many years back, was more than 200,000 Canadian dollars, so we have special ties with the region. And it’s now amazing to see our VIP-player making such a cashback and echoing that big win! Congratulations to our player”.

A few words about Mega Moolah. It was an Internet sensation when it was launched with its beautiful graphics and sounds, and immersive gameplay and it is a sensation today, still going strong after almost 20 years. The slot, which has spawned more than 20 variations, and has given millions in cash to players all over the world (including 5 millionaires in 2024 alone) features 4 types of jackpots that make it stand out from the competition.

About Games Global

Games Global is a supplier of the online gaming industry delivering force and direction to gaming with more than 1,300 top class games. The company has made a commitment to deliver the industry’s more disruptive ideas and compelling data-driven gaming experiences. Games Global features a total of 40+ partnered and in-house studios, services 600+ branded websites and boasts record-breaking jackpots with its worldwide network. 

About King Billy Casino

Established on St Patrick’s Day in 2017, King Billy is a renowned new generation casino with more than 26 awards and accolades. The casino is available in English, German, French and Finnish, and created a unique user experience, building on the theme of King Billy and his Kingdom. King Billy ensures that all its players, “Citizens” in the casino language, receive the care and attention they deserve.

 

The post Huge Jackpot at King Billy Casino: C$3,658,306! appeared first on European Gaming Industry News.

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