Switzerland to issue iGaming licenses by July

Switzerland’s federal council has confirmed January 1st, 2019, as the start date for the country’s new gambling regime, with sanctions against illegal operators set to come into force on July 1st.

The council said that following the federal court’s decision to reject an appeal of the June referendum approving the new gambling law, nothing stands in the way of its implementation.

The referendum saw 72.9 per cent of voters approve the country’s new gambling legislation, which legalises online gambling and introduces penalties for illegal operators.

The federal council said that it would review applications and issue licenses during the first half of 2019, enabling the sanctions regime to come into force from July 1st.

New regulations concerning land-based gambling and anti-money laundering also come into force on January 1st.

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