After Grand Casino Baden which launched online gambling earlier this week, Grand Casino Luzern is the second to launch online gambling in Switzerland.
Earlier this week, Red Tiger Gaming made its debut in the regulated Swiss online gambling market in partnership with Grand Casino Baden.
According to the new gambling regulations all online gambling operators have to partner with a locally licensed casino to operate in the Swiss online gambling market.
A new Gambling Act in June 2018 was approved by a national referendum in which over 73 percent of the voters voted in favor of regulating the iGaming market. The new legislation came into effect from January this year.
Grand casino Luzern was also the first casino to be authorized by Swiss authorities to launch iGaming products.
However, with the new gambling regulations in place, several online gambling and betting companies have pulled their products from the Swiss market.
In a recent announcement, PokerStars confirmed that they are temporarily withdrawing from the Swiss online gambling market as the new Swiss gambling regulation calls for only licensed overseas operators to offer their products to Swiss customers.
Similarly, William Hill also stopped accepting wagers from its Swiss customers. The UK-based bookmaker issued a notice to all its existing customers in Switzerland that the operator is not going to accept any further wagers from mid-day on June 28.