The Stars Group’s online gambling brand PokerStars is looking to tap into the newly regulated swiss online gambling market.
Switzerland introduced its new Money Gaming Act on January 1, 2019. According to the new regulations, the 21 licensed casino operators in the country were allowed to offer online casino games and betting for the first time.
Also, from July 1, the Swiss gambling authority would ask the internet service providers (ISPs) to block access to overseas and illegal online gambling websites.
The foreign-owned online gambling websites can only offer online gambling services through a partnership with the 21 licensed land-based casinos in the country.
In the event of not having a partnership, they would get blocked as the Swiss authorities have announced that they would be blacklisting online gambling websites.
While PokerStars has not entered into a partnership deal with any land-based casino in the country, they have confirmed that they are willing to forge a partnership to tap into the Swiss online gambling market.
A company spokesperson said that they “are currently executing plans to ensure PokerStars will continue to be a market leader in the Swiss poker market.”
Earlier, last week, UK-based bookmaker, William Hill announced that they would not be accepting wagers from Swiss customers. The company cited regulatory obligations as the reason.