Swiss to Legalize and Regulate Online Casinos

Switzerland is worried with unregulated online casinos which are increasing in popularity, but pay no taxes and represent probable risks to customers.
 The Swiss government revealed it is considering permitting Internet gambling sites. Like many countries, Switzerland is worried with unregulated online casinos which are betting roulette, betting blackjack, betting poker and which are increasing in popularity, but pay no taxes and represent possible risks to customers.
The Swiss reply, evidently, will be to license an as-yet-undetermined number of online gaming locations, while cracking down on the black market promoters that carry on in doing business with Swiss residents. The Swiss Ministry of Justice says it will craft a proposition licensing legal online gambling sites.
Economists foresee correct rule of Internet gambling could bring in as much as $22 million annually for the country.
Swiss lowmakers say they want to carry on keeping  gambling using telephones or interactive television illegal. Online lotteries and Internet sports betting are already legal in Switzerland.
OCA gaming analyst Sherman Bradley says,”It makes sense for Switzerland to control its growing rapidly online gaming industry with licensing and regulation. The Swiss are too logical a people to follow the banning mistakes that have failed in other countries.”

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