The figures released by the Swiss gambling regulator Eidgenössische Spielbankenkommission (ESBK) reveal that the revenue from casinos in Switzerland went up by 3.4 percent year-on-year for 2018. The gain in revenue is attributed to the strong performance of the slot machine gaming at the country’s 21 land-based casinos.
The gross gaming revenue from all Swiss Casinos went up to(£576.7m/€632.9m/$713.8m).
Switzerland has eight A-licensed casinos which are located in major cities and urban areas while there are 13 B-licensed casinos located in small towns.
While the revenues from the A-license casinos fared a bit better the B-licensed casinos also posted positive figures. The revenue at A-licensed casinos went up by 3.8 percent year-on-year to CHF426.4m while the B-licensed casinos saw a jump in revenue to the tune of 2.7 percent year-on-year to CHF277.2m.
The slot machine gaming was the most popular amongst the Swiss players. It accounted for 80.7 percent of the total gaming revenue from all casinos in Switzerland.
The taxes paid by licensed casinos also shot up by 4.7 percent year-on-year. The Swiss casinos paid a total of CHF332.4 million in taxes. The majority of the tax revenue goes towards the national pension scheme.
It was also revealed that the number of cases against unlicensed operators in the country has also come down. Only 98 cases were opened in 2018.